The requirements of Directors of an Indian Company In some instances the directors and members of a company can be personally held liable. The following provisions of the Indian Companies Act, 1956 provide that the Members or the Directors/officers of a company will be personally liable if: 1.A company carries on business for more than … Read More →
How To Get Government Approvals for Joint Ventures All the joint ventures in India require governmental approvals, if a foreign partner or an NRI or PIO partner is involved. The approval can be obtained from either from RBI or FIPB. In case, a joint venture is covered under automatic route, then the approval of Reserve … Read More →
Proposed Changes to the Companies Act (India) The Companies Act, 2013 (“Companies Actâ€), while beneficial, has also been perceived as overzealous over regulation in part. With a view to facilitating the ease of doing business in India, addressing stringent compliance requirements, harmonising company law with other regulations, the Companies-Act-Amendment(“Billâ€)was introduced in the Lok Sabha in … Read More →
Name is one of the most important things to decide while starting a new business and perhaps the most difficult thing to decide. Name of the company has tremendous impact on customers and investors of the Company. Choosing right name speaks volumes about your business. Naming a Private Limited Company or Limited Liability Partnership (LLP) … Read More →
One of the most important steps in the Company Incorporation process is choosing name of the Company / LLP. In this article we will discuss the naming guidelines and process of naming a Company or LLP. Name The proposed name of the Company should be unique and acceptable as per Companies Act, 2013 or LLP … Read More →
Private Limited Company is one of the most famous types of businesses in India. Private Limited Company offers advantages like limited liability, separate legal entity, easy transferability and perpetual succession. These advantages of Private Limited Company, makes it one of the most popular types of business in India. In this article we will discuss about … Read More →