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Company Law Matters

G. K Sureka & Co. is a reputed chartered accountant firm in India, which provides consultation services to clients on matters related to the company law. We consult the individuals and groups from the very beginning like procedures related to formation and fulfilling mandatory obligations during operation of the company. Our services include: -

  • Formation & Registration of Company
  • E- Filing of Documents with MCA.
  • Compliance under Companies Act, 1956
  • Getting the Company name changed.
  • Formation of Section 25 Company (Non profit making organization)
  • Getting Charge Registered
  • Liaison with Registrar of Companies & Regional Directors
  • Getting Director Identification Number (DIN)
  • Maintenance of statutory records prescribed under Companies Act, 1956.
  • NGO's (Non Government Organizations) / Societies and Trust.

Companies formed in India are governed by the companies act, 1956. Some of the important provisions of the companies act are shown below:

Shareholders and Directors
Foreign nationals can also be deputed directors of the company and may hold equity up to 100% which is subject to terms and conditions laid by the Reserve Bank of India and Foreign Investment and Promotion board.

Memorandum & Articles of Association
The MOA contains the scope and objectives of the company and AOA contains the procedures and area of cooperation for the shareholders of the company. Thereafter, both MOA and AOA are required to be stamped.

Share Capital
Shares should be expressed in fixed amount and in Indian rupees. Shares like "No par value" or "bearer" are not permitted.

Accounts & Auditors
The company is supposed to appoint an auditor annually at its AGM. The auditor should be independent and approved by the Institute of Chartered Accountants of India. The audited accounts of the concerned company serve as a tool for various stakeholders like creditors, investors, bankers and revenue authorities.

Public Filings
The details of the directors and secretary, share capital, register of charges, registered office address, and other such particulars should be filed with the Companies Registry for any public inspection upon incorporation and if there is any change thereafter.

Annual Meetings
It is mandatory for the public limited companies to hold the Annual General Meeting (AGM), committee meetings every financial year. For a new company it is not required until 18 months of its incorporation.