Annual Report for Company The Annual Report for Company is typically prepared by the management and financial team of the compan. In collaboration with the company’s auditors and other relevant stakeholders. Here are the key parties involved in preparing the report: 1.Management: The management team, including the CEO, CFO and other executives, plays a… Read More »
Can an OPC have two directors No, an OPC (One Person Company) can have only one director. As per the provisions of the Companies Act, 2013 in India, an OPC can have only one director who is also the sole shareholder of the company. The concept of an OPC is designed to enable single-person entrepreneurship,… Read More »
Secretarial Compliances for listed Company Secretarial compliances for listed company, there are specific secretarial compliances that must be adhered to in addition to the general compliance requirements. These compliances are aimed at ensuring transparency, investor protection, and adherence to the regulations governing listed entities. Here are some key secretarial compliances for a listed company:… Read More »
How many company secretary can a company have A company can have multiple company secretaries as per its requirements and the size of the organization. The appointment of company secretaries is based on the company’s needs and compliance obligations. Here are some key points regarding the number of company secretaries a company can have: 1.Minimum… Read More »
Company Secretarial Practice Company secretarial practice refers to the profession and field of work that involves providing support and expertise in matters related to corporate governance, legal compliance, and secretarial functions within a company. It encompasses a wide range of responsibilities and activities performed by company secretaries to ensure the smooth functioning of the… Read More »
Company Secretarial Compliance Company secretarial compliance audit refers to an independent examination and evaluation of a company’s secretarial and compliance practices by a qualified professional, typically a practicing company secretary. The objective of a secretarial audit is to assess the company’s adherence to legal and regulatory requirements, corporate governance norms, and prescribed secretarial standards.… Read More »
Company Secretarial Standards Company Secretarial Standards refer to a set of guidelines and practices that govern the conduct and responsibilities of company secretaries. These standards aim to ensure uniformity, professionalism, and best practices in the field of company secretarial work. In India, the Institute of Company Secretaries of India (ICSI) has established secretarial standards… Read More »
Document is required to add a director in a private LTD company To add a director in a private LTD company is required the following document are required: 1.Director Identification Number (DIN): The proposed Director must obtain a DIN from the Ministry of Corporate Affairs (MCA) by submitting an application along with the necessary documents.… Read More »
How many directors can a Private limited company have In India, a Private Limited Company must have a minimum of 2 directors and a maximum of 15 directors as per the Companies Act, 2013. However, it is important to note that the Articles of Association (AOA) of the company may prescribe a higher or lower… Read More »
What is company limited by shares A company limited by shares is a type of company structure in which the shareholders’ liability has limited to the amount of money they have invested in the company. This means that the shareholders are not personally liable for any debts or liabilities incurred by the company beyond their… Read More »