The new Company Law has specified multiple new conditions and checks to ensure only right people act as Directors in Companies.
any businesses which had to incorporate as Private Limited but are more suited in LLP form can look to migrate/ convert to LLP thereby reducing various compliance and reporting requirements associated with a Private Limited Company.
General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like Private Limited so as to get more flexibility and limit Promoter’s liabilities.
The various requirements to setup such office, rules, laws, taxes and compliances associated.
The various types of shares or securities available to companies
What steps you should follow to permanently hire allowed Interns in your company?
There are multiple classes of Director with different roles and expectations. Most of the time, we speak only being a Director in the Company (which is the most common form) but are not aware of the other types.
. Many Entrepreneurs are clueless about the role and responsibilities of the Director from Company Law’s viewpoint. This leads to greater non compliance and can also lead to litigations and penalties.
In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about the new company law & running a private limited company.
The new company law has brought important changes to share allotment process. Now most of the allotments need to follow a specific process, information about allotment should be filed with RoC in certain timeframes.