Articles tagged with companies
Private Ltd company are registered under Companies Act 2013 and Sole Proprietorship don't have any separate governing Act. In a Sole Proprietorship, proprietor faces the burden of Unlimited Liability. On the other hand, in Private Limited Company, Shareho
22 Apr 2017 by
Tejaswi Kumar Singh
Every Private Limited Company requires to file AOC-4, MGT-7, DIR-8 and ITR-6 at the end of every financial year. AOC-4 covers the Financial Accounts of the company including Auditor Report. And MGT-7 covers all the business conducted in the company like N
22 Apr 2017 by
Tejaswi Kumar Singh
Private companies can convert to One Person Company by Rule 7 of companies’ incorporation rules, 2014. Given in Sec18 of Companies Act, 2013 a resolution is passed in general board meeting and form MGT-14 along with INC-6 is filled to apply for this conv
22 Apr 2017 by
Jaskirat Kohli
Partnership Firm can be converted into a Private Limited Company. For the conversion at least 7 partners should be there in a Partnership firm and at least 3/4 partners should give their consent for the conversion of Partnership Firm into Private Limited
22 Apr 2017 by
Tejaswi Kumar Singh
Private Limited Company can be converted into LLP, as there are provisions contained under Companies Act 2013. A Private Limited Company needs to file few form to comply with some legal formalities which are mandatory in the conversion process.
22 Apr 2017 by
Jaskirat Kohli
Closing a Private Limited Company can be done by 3 ways. Which are as follows - Sale the Company, Voluntary Wind up and Compulsory Wind up. Compulsory Winding up a company is to be done by the force of government.
25 Apr 2017 by
Archi Bhatia
Every Private Limited Company is required to get accounts audited. Irrespective of the Turnover Limit of the Company. Even a Dormant Company also have to appoint an auditor to maintain their status as dormant.
25 Apr 2017 by
Tejaswi Kumar Singh
Documents for closing a Pvt Ltd are the Board Resolutions, Special Resolution, Creditors consent, etc. These are required to be maintained for closing a Private Limited Company via voluntary winding up of the company.
25 Apr 2017 by
Tejaswi Kumar Singh
One Person Company permits a person to run a business entity with the advantage of limited liability and corporatization. OPC, a hybrid form of business entity provides some advantages which make it more popular among the economic entrepreneurs.
28 Apr 2017 by
Jaskirat Kohli
OPC has some drawbacks on account of constraint conversion, restriction of doing some business activities, ownership limitation, restrict foreign investment.
28 Apr 2017 by
Jaskirat Kohli
