What is a Nidhi Company? Nidhi Company is an NBFC (Non-Banking Financial Company). A Nidhi Company is a non-banking financial entity registered under the Companies Act 2013 with the predominant objective of cultivating the habit of thrift and savings amongst its…
The quorum for the Board Meeting refers to the minimum number of members of the Board to conduct a valid Board Meeting. According to Section 174 of Companies Act, 2013, the minimum number of members of the board required for…
What is Board Meetings? A board meeting is a formal periodic gathering of a board of directors to review performance, consider policy issues, address major problems and perform the legal business of the board. Presided over by a chairperson of…
According to section 139(6) of Companies Act 2013, a Private Limited company has to appoint its first auditor within 30 days from the date of incorporation in the first board meeting. If the board of directors are not able / failed…
Introduction A Board Meeting is a formal gathering of all the directors of the company to discuss various matters. Board meetings are meetings at the highest level where board members or their representatives are present. The board of directors act…
Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors etc to the Registrar of Companies. Such compliances are required to be made once in a year. As a part of Annual…
Private Limited Company are the most popular form of starting a business in India currently. Every Private Limited Company registered in India must ensure that they meet the compliances with respect to the Companies Act 2013. Compliance refers to ‘action to…
When you start a business then you have to make an important decision about the type of business organization to register. There are many types of companies or business entities in India. Every company in India must be registered under…
A Private Limited Company is a privately held small business entity. According to the Companies Act, 2013, a private limited company is a company whose article of association restricts the transferability of shares and prevents the public from subscribing to…
Steps for Private Limited Company Registration In India, the most common type of business entity is a private limited company. It is easy to maintain and raise funds, offers limited liability to its members, offers flexibility, easy bank loan accessibility. The…