The business registration to be provided along with the company registration are: Goods and Service Tax Identification Number (GSTIN) Employees Provident Organization (EPFO) Employee State Insurance Corporation (ESIC) Applicability of E-form INC-35 Applicability of INC-35 or e-form AGILE is for companies that are to be registered after 29 march with Ministry of Corporate Affairs.
Registration under Companies act An ARC company needs to be registered under companies act either as Private limited Company or as a Public Limited Company.
The process is also known as Internal reconstruction whereas the company can take up external reconstruction as well for the following reasons: To create and redistribute reserves so that they can enable future dividends to the shareholders So that the company can return the excess capital to the shareholders External reconstruction of the company can also be done for facilitating share buyback Remember: Reduction of shares involve sensitive issues for the company and hence all the legal aspects of the company must be handled carefully.
When a company is controlled and managed by another company, the company that is being managed is termed as subsidiary while the controlling company can either be a parent company or holding company.