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 Read More
Sweat Equity Shares – Company Registration in Bangalore
Sweat Equity Shares Under section 79 A of the 1956 Act equity shares can be issued to employees or directors of a company at a discount or for consideration other than cash, in recognition of their contribution for providing know-how Read More
Retiring Directors – Company Registration in Bangalore
Meaning of Retiring Directors Expressions “retiring directors”, “rotational directors” and “rotating directors” are frequently used synchronously to convey the same meaning. In Section 256 and section 257 “retiring director” means a director retiring by rotation. This refers to a director Read More
Do you wish to commence a new business – Company Registration in Bangalore
Do you wish to commence a new business? The memorandum of every new company shall state the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof; In case of companies in Read More
Conversion of Private company into LLP – Business Registration in Bangalore
Interpretation In this Conversion Schedule, unless the context otherwise requires,- “Company” means a private company as defined in Clause (3) of Sub-section (1) of Section 3 of the Companies Act, 1956 ; “Convert”, in accordance with a private company changing Read More