The Ministry of Corporate Affairs (MCA) has issued an important notification on October 27, 2023, affecting the shareholding structure of private companies. According to Rule 9B of the Companies (Prospectus and Allotment of Securities) Rules, 2014, all private companies, excluding small companies, are now required to dematerialize their securities. Small companies, defined by Section 2(85) […]
In the vibrant landscape of business possibilities, India stands as an elegant stage for entrepreneurs seeking to unfurl their ambitions. The process of incorporating a company in India is not just a legal formality but a gateway to a world of opportunities. Here, elegance is woven into the fabric of corporate existence, offering a tapestry […]
As per Section 118 of the Companies Act, 2013, Every Company is required to observe SS-1 except(i) One Person Companies (OPC) having only one Director on its Board and(ii) Such other class or class of companies which are exempted by Central Government through Notification e.g. companies licensed under Section 8 of the Companies Act, 2013. […]