APPOINTMENT OF ALTERNATE DIRECTOR Alternate director is a personnel who is appointed by the Board of Directors, as a substitute to a director who may be absent from India, for a period which isn’t less than three months. In this article, we look at the role and procedure for appointment of alternate director in a …
COMPANIES REGISTERED VALUER AMENDMENT RULES,2022 The concept of a “registered valuer” under Indian law was introduced for the first time vide Section 247 of Chapter VXII of the Indian Companies Act for matters requiring valuation under the said act. the Ministry of Corporate Affairs introduced the Companies (Registered Valuers and Valuation) Rules, 2017 (“Rules”). The …
Farmer Producer Company is a type of company in India that is registered under the Companies Act, 2013 and is specifically created to promote the interests of small and marginal farmers. FPCs are owned and controlled by the farmers themselves and are intended to help them overcome the challenges of small landholdings, limited access to …
CLOSURE OF DEFUNCT LLP When a limited liability partnership (LLP) hasn’t conducted any activity for a year or more, it can be easily dissolved by removing its name. An LLP can also be wound up by a voluntary winding up or by a tribunal winding up. A defunct LLP, however, that has not conducted any …
CSR Policy Amendment Rules are regulations issued by the Ministry of Corporate Affairs (MCA) in India to amend the existing CSR policy for companies. The rules were introduced in April 2021 under the Companies Act, 2013. A BRIEF SUMMARY OF COMPANIES (CSR) AMENDMENT RULES, 2022 A company having any amount in its Unspent Corporate Social …
KNOW EVERYTHING ABOUT DUE DILIGENCE INTRODUCTION Due Diligence means process of investigation, verification and examination of various Legal as well as financial database a Company holds which includes a vast check on its history with regard to financial performance, its assets and obligations and the reputation it holds in the market. Before making any investment …
INCORPORATION OF RULE 25B: PHYSICAL VERIFICATION OF REGISTERED OFFICE OF COMPANY MCA has introduced an amendment in Companies (Incorporation) Rules, 2014, and inserted a new rule 25B as in which the ROC can physically verify the registered office of the Company to check the authenticity of the registered company. WHAT IS THE PURPOSE OF INSERTING …
FORM DPT3: REVISED FROM FOR EXEMPTED DEPOSITS DPT-3 was introduced by MCA on 22nd January 2019 by an amendment in Deposit Rules. By these amended rules “One explanation added in Rule 16”. What is the purpose of Form DPT-3 As this form was introduced in 2019, the basic purposes of this form are: To get …
Issuance of Duplicate Share Certificate by a company when the original certificate has been lost, stolen, or damaged. The process for obtaining a duplicate share certificate can vary depending on the company. ISSUANCE OF DUPLICATE SHARE CERTIFICATE IN INDIA Share Certificates issued to the Companies are sometimes due to some unforeseen circumstances lost or misplaced …
Extension of Annual General Meeting by MCA is generally granted for a period of three months, however, the same is subject to change as per the decision of the Government. MCA EXTENDS ANNUAL GENERAL MEETING An Annual General Meeting (AGM) is held to have an interaction between the management and the shareholders of the company. …
RECENT AMENDMENT IN REGISTRATION OF CHARGES UNDER COMPANIES ACT,2013 Ministry of Corporate Affairs (MCA) has notified the Companies (Registration of Charges) Amendment Rules, 2022 to further amend the Companies (Registration of Charges Rules, 2014 vide notification no. G.S.R. 320(E) dated April 27, 2022. Amendments have been made in rule 3 (Registration of creation or modification …
Conversion of Loan into Equity by a lender if the company is unable to repay the loan. This process is known as debt-to-equity conversion.The conversion can be done through the issuance of equity shares, preference shares, or debentures. The terms and conditions of the conversion, including the number of shares to be issued and the …
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Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
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