Thursday, December 4, 2014

Procedure for Public Limited Company Registration:

Procedure for public limited company registration is same in every states of India. Company Registration whether in Delhi or Gurgaon or Noida or Ghaziabad or Patna or Ranchi is divided into five category such as Private Limited Company Formation or OPC One Person Company Registration or Section 8 Company Incorporation or Public Limited Company Formation and Chit Fund or NBFC Company Registration. Procedure of Online Company Registration is as follows:-

  1. Selection of Name of proposed Company
  2. Getting Digital Signature Certificate (DSC) of all proposed director
  3. Getting Director Identification Number (DIN) of all proposed first director by filing Form  DIR-3
  4. Applying name in Form INC-1 by considering Rule 8 of Company (Incorporation) Rule 2014.
  5. After Name approval getting requisite documents ready with stamp paper & notary i.e.   DIR-2, INC-9, INC-10, INC-8 etc.
  6. Filing Incorporation documents in three form i.e. Form INC-7 for Company Incorporation, INC-22 for Information about registered office of the company and Form DIR-12 for director appointment.
  7. After receiving Certificate of Incorporation (COI) need to apply for Commencement of Business Certificate in Form INC-21.

Due Diligence Financial Services involve in providing professional services for Business Set-Up either it can be Proprietorship company or Partnership Company or LLP or OPC registration.

Thursday, November 13, 2014

Meaning of Related Party Under Company Act 2013

Due Diligence Financial Services is duly managed by Indian professional who is professionally involve in Company registration in Noida and also provides services of Company Registration in Delhi. We are one of the best professional as Company Registration Consultant in Delhi and Company Registration consultant in Noida.
  1. Section 2 sub section 76 has defined the meaning of related party for the purpose of disclosure of related party transaction wherever required. In reference to Company related party means.
  2. Director of the company and his related.
  3. Key person of the company i.e. managerial personnel of the company and his relative.
  4. Meaning of related party extended and includes a firm in which director of the company or manager and their relative is a partner.
  5. A private company in which director or manager and their relative is a member or director of the company comes within the meaning of related party.
  6. Any public limited company in which director or manager and their relative, who possess shareholding more than 10% of paid of share capital of the company.
  7. BOD or Managing Director or Manager of any body-corporate who are accustomed to act in the accordance with instruction or direction or advice of a manager or director.
  8. If the Director or manager of the company accustomed to act on the director or advice or instruction but this condition do not apply if the director or instruction is being given in a professional capacity.
  9. A company which is
(a)  An associates company or holding or subsidiary of such company
(b)  A subsidiary of their holding company
(c)   Other person as may be prescribed from time to time.

Wednesday, November 5, 2014

Meaning of Private Limited Company and its Registration

The Meaning of the private company is same for Company Registration in Delhi or for Company Registration in Noida. Meaning of private limited company has been defined by section 2 sub-section 68 of the Companies Act 2013 and which defined a “private limited company” means a company which have minimum paid-up share capital of ₹ 1 lakh or such higher paid-up share capital as may be prescribed by article of association of the company and the article of such company:-
  • AOA of the company restricts the right of the member to transfer its shares;
  • Except in case of OPC (One Person Company) limits the number of members of the company to two hundred:
To avoid any miss-confusion it has been clarified that where two or more persons jointly hold one or more shares in a company, they shall for the purposes of calculation of number of member be treated as a single member.
Provided further that—
  1. Any persons who are in employment of the company; and
  2. persons who has been formerly in the employment of the company, were members of the company while in such employment and who still continue to be members after the employment ceased,
Shall not be included while calculating the number of members.
  • The article of the company shall prohibits any invitation to the general public to subscribe for any shares or securities of the company
We provide professional services with due integrity in form of Company Registration Consultant in Delhi and Company Registration Consultant in Noida Gurgaon and Ghaziabad. We provides online services of ITR filing or Service Tax registration or XBRL consultant services or Fixed Assets Tagging Services or LLP Registration in Delhi Noida Gurgaon NCR.

Saturday, November 1, 2014

Meaning of Small Company under Companies Act 2013

Section 85 of the companies Act 2013 describes the meaning of Small Company and specifying the condition which will automatically convert the small company into other than small company. Meaning of a Small Company exclude public Limited company and include other company which fulfill below mentioned condition:-

  1. A Company Whether private Limited Company or Public Limited Company which has paid up share capital below Rs. 50 lakh or such Higher Paid up share capital as prescribed but not exceeding Rs. 5 crore or
  2. A company which has turnover as per last Profit & Loss A/c below Rs. 2 Crore and such higher Turnover as may prescribed and which do not exceed Rs. 20 crore as per last financial Statements.

There as some proviso of section 85 where provision of this section do not apply and which is as follows:-

  • A company which is either holding company or subsidiary of other company or
  • A Section 8 Company or
  • A company including body corporate which is being governed by any special Act

Company Registration in Delhi Noida Gurgaon and Ghaziabad is one of the professional services provided by Due Diligence Financial Services and there also include much more services like Income Tax Audit Services or Fixed Assets Tagging Services or online Form 15 CA filing, llp registration, OPC registration, Online VAT Registration in Delhi and Physical Stock Verification Services. We are primarily engage in ROC consultant Services i.e. Company Registration Consultant in Delhi Noida Ghaziabad and Gurgaon.

Monday, October 27, 2014

Format of INC-8 and Rule Applicable There To

Section 7(1) (b) of the Companies Act 2013 provides that there required for Company registration to file a declaration Form from Chartered Accountant or Cost Accountant Advocate or Company Secretary who is in Full time practice and who is involved in Company formation process to the Registrar of Company at the time of company incorporation. In terms the provision of the companies act and following Section 7(1) (b) rule 14 has been introduced under Companies (Incorporation) Rule 2014 and accordingly under Rule 14 Form INC-8 has been framed. In Form INC-8 there required a Declaration from Company Registration Consultant that they have fulfilled all the requirement of Companies Act 2013 and rule applicable for registration of company under this act.

Due Diligence Financial Services provide the best solution for every business issue in form of Fixed Assets Tagging Services or Service Tax Registration Services or Income Tax Consultant Services or DVAT registration or UP VAT registration or LLP registration or OPC registration or Company Registration in Delhi NCR Noida Gurgaon and Ghaziabad.