Under the Companies Act, 2013 of India, a private company can be considered a public company in the following circumstances: For international entrepreneurs and businesses looking to capitalize on the opportunities in India or elsewhere, setting up a company in the US or the UK can provide a strategic advantage. Firstbase allows you launch your […]
Under the Companies Act, 2013 of India, the terms “subsidiary company” and “holding company” are defined under Sections 2(87) and 2(46) respectively. For international entrepreneurs and businesses looking to capitalize on the opportunities in India or elsewhere, setting up a company in the US or the UK can provide a strategic advantage. Firstbase allows you
What is a Subsidiary Company and a Holding Company as per Indian Law? Read More »
The Companies Act, 2013 in India covers various types of companies. The relevant sections defining the types of companies are: There are other types of companies as well, such as a foreign company, a government company, a nidhi company, a small company and dormant companies. Company (Section 2(20)) As per Section 2(20) of the Companies
Types of Companies covered under the Companies Act, 2013? Read More »
The Companies Act, 2013 and the Companies (Share Capital and Debentures) Rules, 2014 of India, categorize preference shares into several types. Here are some of the different kinds of preference shares, along with the relevant sections and rules: Types of Preference Shares Equity Shares vs Preference Shares Under the Indian Companies Act, 2013, and the
What are the various types of Preference Shares in Indian Companies? Read More »
Under the Indian Companies Act, 2013, a company’s share capital is classified into several types. Here are the main types of share capital, along with relevant sections: Issued Share Capital vs Subscribed Share Capital – What is the Difference? Issued share capital and subscribed share capital are two different concepts in corporate finance, each with
What are the types of Share Capital a Company in India can have? Read More »
Current Account Transactions and Capital Account Transactions are two categories that classify different types of transactions under the Foreign Exchange Management Act, 1999 (FEMA) in India. Current Account Transactions (Section 2(j)) These transactions involve the movement of goods, services, and payments between residents and non-residents. Examples include trade in goods and services, remittances, travel expenses,
Current Account vs Capital Account Transactions in India: Explained! Read More »
Shifting the registered office of a company in India involves following a specific procedure as per the Companies Act, 2013. The steps for shifting the registered office are as follows: Steps involved for a company to shift its registered office in India Step #1. Board Resolution A board meeting must be held to pass a
How can a Registered Office can be shifted for Companies in India? Read More »
The steps required for the amendment of the Memorandum and Articles of Association in India typically involve the following: Forms Required in the Amendment Process and Rules and Laws applicable During the amendment process of the Memorandum of Association (MoA) and Articles of Association (AoA), certain forms need to be filed with the Registrar of
Steps Required for the Amendment of the Memorandum and Articles of Association in India Read More »