Tuesday, May 17

Tag: Company Incorporation

Companies (Incorporation) Fifth Amendment Rule, 2019
Academia, Acts, MCA

Companies (Incorporation) Fifth Amendment Rule, 2019

Published on the 10th May, 2019 Companies (Incorporation) Fifth Amendment Rule, 2019 G.S.R.......(E).__ In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:- Short title and Commencement:- (1) These rules may be called the Companies (Incorporation) Fifth Amendment Rule, 2019. (2) They shall come into force on the date of their publication in the Official GazetteIn the Companies (Incorporation) Rules, 2014, for rule 8, the following rules shall be substituted namely:- 8 Names which resemble too nearly with name of existing company.-(1) A name applied for shall be deemed to resemble to...
Guidelines for Company Name
Academia, MCA

Guidelines for Company Name

Guidelines for Company Name During the process of naming your company, the first and critical step is to choose a name that is special to you and is relevant to the offerings of your company. It is important to keep the statutory requirements in mind while choosing a Company Name. The company Name endorsement and approval process in India is regulated by the Ministry of Corporate Affairs (MCA) according to the Company Name Availability Guidelines given under the Companies Act 2013. Rule 8 of Companies Incorporation Rules 2014 gives name endorsement/ accessibility rules according to Companies Act 2013 while choosing the names for organizations. What Types of Company Names are Accepted? An acceptable name for an OPC (One Person Company), LLP (Limited Liability Partnership), Priv...
New Companies Registered in January 2021
New Companies

New Companies Registered in January 2021

Highlights: The month of January 2020 in India, seen a total of 10,898 companies newly incorporated.10,086 are Private companies, 595 are One Person companies and 243 are Public companies that have been registered.Enernxt Private Limited is the company with the highest PaidupCapital of value ₹2,363.00 Lakhs.The highest number of companies are incorporated in the Third Week and the least number of companies are registered in the Last Week of this month. Companies by their class On classification by their company class, there are 595 Private One Person Companies, 10,086 Private Limited Companies and 243 Public Limited companies registered in January 2021. Analysis on company industry On highest number of companies are created in the Other Business Activities with around ...
New Companies Registered in December 2020
New Companies

New Companies Registered in December 2020

Highlights: The month of December 2020 in India, seen a total of 13,981 companies newly incorporated.13,037 are Private companies, 761 are One Person companies and 315 are Public companies that have been registered.Jhaveri Industries Private Limited is the company with the highest PaidupCapital of value ₹2,869.13 Lakhs.The highest number of companies are incorporated in the First Week and the least number of companies are registered in the Last Week of December month. Companies by their class On classification by their company class, there are 761 Private One Person Companies, 13,037 Private Limited Companies and 315 Public Limited companies registered in December 2020. Analysis on company industry On highest number of companies are created in the Other Business Activi...
New Companies Registered in November 2020
New Companies

New Companies Registered in November 2020

Highlights: The month of November 2020 in India, seen a total of 13,441 companies newly incorporated.12,388 are Private companies, 766 are One Person companies and 299 are Public companies have been registered.Vishwa Buses And Coaches Limited is the company with the highest PaidupCapital of value ₹6,000.00 LakhsThe highest number of companies are created in the Other Business Activities with around 2041. Companies by their class On classification by their company class, there are 766 Private One Person Companies, 12,388 Private Limited Companies and 299 Public Limited companies registered in November 2020. Analysis on Company Industry On highest number of companies are created in the Other Business Activities with around 2041. The second highest companies are under ...
MCA Notifies New SPICe+ Web Form
News

MCA Notifies New SPICe+ Web Form

Corporate Affairs Secretary Injeti Srinivas recently launched SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus). It is the new web form for incorporating a business in India with ease. SPICe+ would offer services by the Ministry of Corporate Affairs, Ministry of Labour and Department of Revenue in the Finance Ministry, and Maharashtra Government.  As a part of Indian Government initiatives toward Ease of Doing Business (EODB), SPICe+ is a replacement of the existing SPICe form. India was ranked 63rd on the World Bank’s Ease of Doing Business (EoDB) 2020 report. This step could be seen as the government's effort to improve India’s ranking and reach the top 50 of the EoDB survey.  Using the new web form, SPICe+, the users will get the integration of 10 service...
Filing of Affidavit Not Mandatory for INC-9
MCA, Regulatory

Filing of Affidavit Not Mandatory for INC-9

A recent clarification from MCA stated that it is not mandatory to file affidavit while incorporating a new company, though the declaration by the first subscriber and first director in INC-9 remain mandatory. Stakeholders may note this key clarification while filing the SPICe forms for incorporation of companies. Official Mandate from MCA - Stakeholders are requested to please note that Filing of affidavits (from each of the subscribers to the memorandum and from persons named as the first directors, if any, in the articles that he is not convicted of any offence in connection with the promotion, formation or management of any company, or that he has not been found guilty of any fraud or misfeasance or of any breach of duty to any company under this Act or any previous company ...