As per the clauses of Company Law, a company controlled by another company is called a subsidiary company and the company which is controlling is called a holding company.

A tribunal or its members have the rights of winding up a Private Limited Company.

Thus, the classification of ‘Small Company’ in the Companies Act, 2013, goes a long way in the promotion of small businesses in India.

Maintaining a company book of Accounts is mandatory and is to be followed by all types of the companies under the Companies Act, 2013.

Some mandatory requirement for digital signature, •    Company •    Limited liability partnership(LLP) Step 7:  attach the necessary documents and submit the application You need to submit the enrolment application along with the following details.

Multistage Process In a supply chain, an item goes through multiple changes of hands and GST is charged at every stage of the supply.

Eligibility for the company to register as a dormant company Any company whether limited, private limited or a one-person company can apply for declaring itself a dormant company only if the following criteria are met: Process Flow for registration as a dormant company To obtain the legal status of a dormant company, the following steps are to be followed: Maintenance of Dormant company status Dormant companies are mandatorily required to file a “Return of Dormant Company” at the end of each financial year before April 30th with the Ministry of Corporate Affairs.

As per the Companies Act, the Meeting of the Board of Directors of a particular Company is a crucial aspect of every limited or private limited company in the country of India.

Comparison of Book Profit and Income Tax There is a major point of difference between book profi of a particular company and the income tax profit of a company.

As per the Companies Act, 2013, any Private Limited Company or a limited company has the rights to issue preference shares if authorised by the articles of association of the enterprise.