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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All you need to know about the incorporation of a company

Incorporation of companies and its related procedures will be discussed here.  The company can be incorporated through Simplified Proforma for Incorporating a Company electronically (SPICe-INC-32) with e-MoA (Memorandum of Association) (INC 32), e-AoA (Articles of Association) (INC-34) is the default option and most companies are required to be incorporated through SPICe only. Incorporation through SPICe: Stakeholders can avail of 5 different services (Reservation of name, Allotment of Director Identification Number (DIN), incorporation of new company, allotment of PAN and TAN)…

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Investigation process of an Limited Liability Partnership Registration

Investigation of the affairs of limited liability partnership The central Government shall appoint one or more competent persons as inspectors for investigation of  the affairs of the limited liability partnership and to report thereon in such manner as it may direct if- The Tribunal, either suo motu, or an application received from not less than one fifth of the total number of partners of limited liability partnership, by order, declares that the affairs of the limited liability partnership ought to…

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Enforcement of Security Interest- Company Registration in Bangalore

Company Registration in Bangalore – Enforcement of Security Interest is what we are discussed in this article. Enforcement of Security Interest In exercise of the powers conferred by sub-section (1) and clause (b) of sub-section (2) of section 38 read with sub-sections (4),(10) and (12) of section 13 of the Securitization and reconstruction of Financial asserts and Enforcement of Security Interest (Second) Ordinance, 2002, the central government makes the following Rules. Short title and commencement of security interest These rules may…

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All you need to know about internal Audit of the company

All you need to know about internal Audit of the company The concept of internal audit was not expressly provided in the 1956 Act, and it did not make it compulsory for any company or type of companies to have an internal audit system. However, the importance of internal audit had been well acknowledgement in Companies (Audit Report) order, 2003, by requiring the auditor of certain classes of companies to comment on this area. According to the order, the statutory…

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Amendments to NBFC Regulations – Company Registration in Bangalore

Amendments to NBFC Regulations – Company Registration in Bangalore There have been certain developments in the recent past in the prudential standards for the banking system pertaining to the period for which a non-performing asset remains a sub-standard asset or period after which a sub-standard asset would become a doubtful asset. Reserve Bank of India has also issued guidelines for financing of infrastructure projects by scheduled commercial banks and All-India Financial Institutions. In order to align the prudential norms applicable…

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Policy on Provision of Undertaking Facilities – Company Registration in Bangalore

Company Registration in Bangalore – Policy on provision of undertaking facilities of the company is what we are going to discussed below. General Policy An Originator or a third party service provider may act as an underwriter for the issue of securities by SPV and treat the facility as an underwriting facility for capital adequacy purposes subject to the following conditions. In case any of the conditions is not satisfied, the facility will be considered as a credit enhancement policy…

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Future Approach towards Frauds – Company Registration in Bangalore

As you are aware of the frauds, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications of the company registration. The instructions issued on the captioned subject as updated on June 30, 2014 are reproduced in the Master Circular enclosed. The master circular has also been placed on the RBI website. Introduction Incidence of Frauds in NBFCs is a matter of concern. While the primary responsibility for preventing…

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Acceptance of Public Deposits – Company Registration in Bangalore

Restriction on Acceptance of Deposits No housing finance company shall accept or renew public deposits unless the housing finance company has obtained minimum investment grade rating for its fixed deposits form any one of the approved rating agencies for Company Registration  at least once a year and a copy of the rating is sent to the National housing bank and it is complying with all the prudential norms, provided that: A housing finance company having obtained credit rating for its…

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