A Chit Fund Company runs Chit funds.

Section 72 (Companies Act, 2013) Section 72-Power to nominate Every holder of securities of a company may, at any time, nominate, in the prescribed manner, any person to whom his securities shall vest in the event of his death.

  According to Companies Act 2013, the conditions set for issuing preference shares are as follows:- No company limited by shares shall, after the commencement of this act, issue any preference shares which are irredeemable.

Also registration of such companies which are not binding by the above law holds invalid.

DIN Number Registration Any person intending to register a Private Limited Company or Limited Company or One Person Company (OPC) in India needs to get a DIN number and becomes a part of Board of Directors.

Amendment of section 2 The expression "significant influence" means control of at least twenty per cent, of total voting power, or control of or participation in business decisions under an agreement The expression "joint venture" means a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement Insertion of new section 3A If at any time the number of members of a company is reduced, in the case of a public company, below seven, in the case of a private company, below two, and the company carries on business for more than six months while the number of members is so reduced, every person who is a member of the company during the time that it so carries on business after those six months and is cognizant of the fact that it is carrying on business with less than seven members or two members, as the case may be, shall be severally liable for the payment of the whole debts of the company contracted during that time, and may be severally sued therefore.

What is Company Incorporation VPP scam?

Person disqualified for the appointment of Auditor A person or entities are disqualified from being appointed as the auditor of the company is as follows:- Body corporate other than (LLP) Limited Liability Partnership.

Appointment includes reappointment:- Duties of the company auditor Right to access  The auditor of a company shall have right to access at all time to book of accounts and receipt of the company.

If you conform to specific requirements of the Start-Up India Action Plan 2016, then here are some benefits regarding patent application you may enjoy: 80% cut in the patent application fee for start-ups – keep in mind that this fee reduction is a pilot project lasting one year, a decision on the extension will be taken on the basis of the experience gained Panel of facilitators to provide legal support and assist in the filing of patent applications Fast track examination and disposal of patent registration applications What are the benefits regarding trademark registration?