ACT FOR ACTS
There are various Advantages of Private Limited Company Registration in Chennai. Private Limited Company is a specialized legal entity having limited liability and permanent existence which is now incorporated under the Companies Act, 2013. It is currently the leading business structure in India. A private limited company must have members from two to two hundred. Minimum capital is not required […]
Continue reading »The private limited company exemptions and privileges also and its advantages over a public company as follows in the below articles. Section 70(3): Statement in part of lists are required ans it is not be delivered to the registrar before assigning shares. Section 77 (2): Financial helps can be given for purchase of or approving for its own shares or […]
Continue reading »Every private limited company is required to follow the statutory provisions contained in the companies act. The articles of association in relation to increase of capital, issue and allotment of shares and transfer of shares. Here we can see about fiduciary duties of directors in a private limited company. Issue of further shares Although section 81 of the companies act, […]
Continue reading »A private limited company has been defined in Section 3 (1) of the act 1956. The minimum paid-up capital of a company which has a Rs. one lakh or such higher paid-up capital as may be specified. (a) restrictions towards transfer of its shares. (b) the company members limits is fifty not including any other than members: (i) persons who […]
Continue reading »The private company privileges details are given below. The companies act 1956 grants several exemptions and concessions to private companies as compared to public companies. Briefly, these are : Private company privileges (i) two or more persons may form a private limited company whereas in the case of public limited company a minimum of 7 persons is required [Section 12 […]
Continue reading »The public company has the following procedures prescribed in the act for convert private limited company for their status. Similarly, a public limited company can convert itself into a private limited company. Convert Private Limited Company into Public Limited Company A company which is initially incorporated as a private limited company. The company can change its status into that of […]
Continue reading »