Format of INC-10 for Company Registration:

Rule 16 of Companies (Incorporation) Rule 2014 describes the Form INC-10 for Verification of Signatures and photograph from Banker or Notary. INC-10 is one of the important document for Company Registration either in Delhi or in Noida or in Gurgaon or in Ghaziabad even it apply equally to each states of India for Company incorporation. Every Subscribers of Memorandum or Articles of Association must file Form INC-10 to the Registrar of Companies at the event of Company Formation. For the preparation of the form there required to fill some information about the subscribers such as Name of the Subscriber or Father’s Name of the Subscribers or Nationality or Date of Birth or Education Qualification or Occupation and present address.

Due Diligence Financial Services provides complete guide for Procedure for Company incorporation in India as one of the best Company Registration Consultant and provides professional Services in Delhi Noida Gurgaon Faridabad and Ghaziabad. For ease of the new professional we hereby give the format of INC-10 so that they can prepare the Form without any problem.

DIR-2 Format For Company Registration

Section 152 of Companies act 2013 govern the appointment of directors the provision states that no provision is made in the articles of association of the company for the appointment of first director. The subscribers of MOA (i.e. Memorandum of Association) being individual shall be deemed to be director until the proposed director are duly appointed by the member in accordance with provision of section 152 of the Companies Act 2013. For this purpose Rule 8 prescribe the Form DIR-2 under the rules of Companies (Appointment and Qualification of Director) Rule 2014 and the heading is Consent to act as a Director of the company. Under Form DIR-2 there required certification from the proposed director that the director should not be disqualified to become as director under the companies Act 2013.

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Provisions Applicable For Granting Loan to Director of A Company

Section 185 of the companies Act 2013 govern the procedure for advancing loan to the director of a company whether whole time or managing director. Companies Act 2013 stipulates that no company shall advance any loan either directly or indirectly to any of its directors including any loan represented by a book debt and this provision also apply to any other person in whom the director is interested and director has given any guarantee or have provide any security in relation with any loan taken by him or by such other person.

Provided that the above provision shall no apply in two situation which are as follows:-

(A) Where loan has been given to a managing or whole-time director for the below purposes

• As part of payment for the conditions of service extended by the company to all its employees or
• In Accordance with any arrangement approved by the members of the company by a special resolution or

(B)  Company which in the ordinary course of its business provides loans or gives guarantees or securities for the due repayment of any loan, including any loan represented by a book debt including in respect of such Loan to directors or any other person and on which an interest is charged at a rate not less than the bank rate declared by the Reserve Bank of India.

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Procedure For Removal of Company Director in India

A company by ordinary resolution can remove a director other than a director appointed by the Tribunal under section 242 before the expiry of the period for which he has been appointed by giving him a reasonable opportunity of being heard.

Provided no provision shall apply where the company has availed benefit given under section 163 to appoint not less than 2/3^rd of the total number of directors in according with the principle of proportional representation.

A special notice must be required of any resolution to remove a director under this section or to appoint other as a director in place of a director so removed at the meeting in which he will be removed.

On receipt of notice of such resolution to remove the director under this section then the company should forthwith send a copy thereof to the director.

In these day removal and appointment of a director is most common problem because of dispute between the director and their short term goal. Due Diligence Financial Services provides following services:

• Company Registration in Delhi Noida Gurgaon Ghaziabad

• Online ITR Filing Services

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