company registration in bangalore

Formation of companies with charitable objects

Formation of companies with charitable objects Section 8 of the 2013 Act corresponds to s. 25 of the 1956 Act. As per the 1956 Act, an association of persons alone could form a company under s. 25 of that Act. However, as per s. 8 of the 2013 Act, even one person can form a company under the section. The scope of objects for which a company can be registered under s. 8 of the 2013 Act has been expanded.…

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Agreement for Formation of a New Company to Exploit an Invention or Creation

Agreement for sale of invention The agreement for sale of patents as mentioned in this agreement should be properly drafted in consultation with the patents agents so that the said agreement may contain a complete specification of the invention which will be filed with the office of the Registrar of patents. Consideration for sale The amount invested in the sale of invention can be partly paid in cash and partly by allotment of shares or fully by cash or fully…

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Liabilities of an Auditor – Company Registration in Bangalore

Factors that count towards liabilities Picking up the points from the cases considered above and others, NEILL LJ has listed the following factors to be considered in fixing this liabilities: The factors to be considered in determining whether the maker or giver owed a duty of care to the recipient not to be negligent in the statement or advice include the purpose for which the statement is made, the purpose for which the statement is communicated, the relation between the…

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Rights and Duties of the Auditors – Company Registration in Bangalore

Rights and Duties of the Auditor – Introduction Section 143(1) which specifies rights and duties of auditors and auditing standards is applicable to all the companies alike, whether public or private. Sub-section (1) of section 128 provides that the books of account should give a true and fair view of the state of affairs of the company or its branch, as the case may be, and explain its transactions. The books should be kept on accrual basis and according to…

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Loans and Investments by Company – Company Registration in Bangalore

Loans and Investments by Company Section 186 of the 2013 Act is substantially similar to the provisions of section 372 A of the 1956 Act. One of the significant additions to the section is sub-section (1) of section 186 of the 2013 Act. Under sub-section (1) of section 186 of the 2013 Act, a company has been restrained from making loans and investment through not more than two layers of investment companies. This restraint is subject to exception contained in…

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Number of Directorship of the Private Company-Company Registration in Bangalore

Introduction Section 275 of the 1956 Act prohibited a director from holding the office of a director in more than fifteen companies. Initially the limit specified was twenty which was subsequently reduced to fifteen by the Companies (Amendment) Act, 2000. The number of directorship had to be calculated in terms of section 278 of the companies Act, 1956. Section 276 of the 1956 Act contained provisions relating to making of choice where a director held office as a director in…

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Powers of Registrar to call for information – Company Registration in Bangalore

Powers of Registrar to call for information Register a company is important thing while you are doing business. Here we are going to discuss the powers of Registrar of the company registration process. As per Section 234 of the 1956 Act, the Registrar had powers to call for information only in respect of documents which a company was required to submit to him and not in respect to any other documents or matter, though it was likely that every matter…

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Company Registration Offices and Fees in India

Company Registration offices and Fees in India Company is a separate legal entity which is carries on some form of business. It can be classified and structured in many types such as Proprietorship, partnership and private and public limited company and one person company. Company registration is totally different from the corporation. The company can be categorized as per the number of directors and members of that company holds. Starting a business is not an important thing for an entrepreneur.…

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Position of Private Companies – Company Registration in Bangalore

Position of private companies In the case of a private company which is not a subsidiary of a public company, the articles may provide for the appointment of all or any of its directors in such manner as may be provided therein. It is not necessary that any of them should be appointed by the company in general meeting. But where the articles do not provide otherwise, the directors are to be appointed in general meeting. In view of section…

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Formation of a Company – Company Registration in Bangalore

Formation of company: Incorporation of company and matters incidental thereto: A company may be formed for any lawful purpose by – Seven or more persons, where the company to be formed is to be a public company; (formation of public company) Two or more persons, where the company to be formed is to be a private company; (formation of private company) or One person, where the company to be formed is to be one person company that is to say,…

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