A foreign company can be defined under Section 2(42).

What is the procedure of applying for the unique name of the company?

What is a defunct company?

According to the Companies Act 2013, related party in a company refers to as – A director or his relative.

There are different conditions where the beneficial ownership can be determined by the company.

Special Trust This type of trust is operative in nature and the trustee acts as the agent who executes the wish of the settlor.

According to Section 135 of the Companies Act, 2013, all companies whose - Net worth is Rs. 500 Crore or more.

Note: You will need to give Receipt Instructions to the DP if you did not give standing instructions at the time of opening your account Steps to sell dematerialisation of shares You need a broker to sell your shares linked with NSDL The depository participant will be informed about the same and after which he will debit the number of shares sold and credit it to the broker’s clearing account Once the request is made, share certificates, if kept in physical format, will be destroyed, and the confirmation for the same will be sent to the DP The broker will then instruct the DP for delivery to the clearing corporation before the pay in a day After the shares are transferred from your end, you will receive the payment from the broker against the sale of your shares.

According to the size and investment a person can choose between a: Private Limited Company (PVT): A private limited company is an attractive business model as it is a company with a minimum paid-up share capital of 1 lakh.

What companies can be revived?