Team Legistify | Legistify

Team Legistify
Answered on 13 Oct 2019

To start a sharbat factory in India, you need to obtain numerous licenses and permits including but not limited to: Business registration FSSAI license and registration Factory license Trademark license You can consult a business lawyer in India to start your sharbat or fruit syrup factory in India.Read More

Posted on 12 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 13 Oct 2019

Appeal or application in the NCLT for a case of insolvency is given as INR 1000/- under the company laws.Read More

Posted on 12 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 13 Oct 2019

Yes. It's option of the bank and guarantor is liable to pay and guarantor's property can be attached till realization of amount and same can be put into auction for sale.Read More

Posted on 23 Aug 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 13 Oct 2019

A company needs to adhere to the different annual ROC compliances. The mandatory annual compliances applicable over a company post its incorporation include the following: Appointing An Auditor Of The Company Board Meetings Of Directors Annual General Meeting (AGM) Annual ROC Form Filing Maintain Registers and Records Income Tax Compliances Read More

Posted on 20 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 13 Oct 2019

You need to follow the below-mentioned steps to start an NGO in India:  Decide the cause and mission of your NGO Set up the board of Directors/members Decide the name of your NGO Memorandum – Articles of Incorporation/ Articles of Association\Get your NGO registered Once all the documents are ready, and the required fee is submitted, you can get your NGO registered under any of these Acts- Societies Registration Act (In society, minimum seven members are required to be the members), Indian Trusts Act (In Charitable Trust at least two people are required, there is no limit of maximum members) Companies Act (A non-profit Company can be registered under section 8 of the Companies Act with the Registrar of Companies.) Legistify's corporate lawyers in India can help you with the NGO registration in India.Read More

Posted on 23 Aug 2019 | 1 Answer

Dhriti Dewan | Legistify

Dhriti Dewan
Answered on 09 Oct 2019

As per the Ministry of Corporate Affairs, the late fee would be imposed for filing Annual ROC Returns and Annual Financial Statement after the due date of Rs. 100 per day.Read More

Posted on 03 Oct 2019 | 1 Answer

Aditya Dua | Legistify

Aditya Dua
Answered on 03 Oct 2019

A Sole Proprietorship is the simplest type of business structure that is managed, controlled and owned by one person. Sole proprietorship is generally opted by micro and small-sized businesses with less investment. A Sole Proprietorship has no separate legal identity and has the same legal entity as the proprietor. The ownership of a sole proprietorship cannot be transferred to another individual and the business comes to an end with the death or exit of the owner. To Register yourself as a Sole Proprietorship you need registration under MSME or Udyog Aadhar Registration as well as if your nature of business is such that it requires GST Registration then you can take GSTINRead More

Posted on 24 Sep 2019 | 1 Answer

Mohim Roy | Legistify

Mohim Roy
Answered on 27 Sep 2019

The documents required to invest in a liquor business are the same documents required in any other business. Moreover, you are only investing in the business and the model adopted is syndicate business model, which doesn't require you to get a separate license or anything as such. For further in-depth information, you are suggested to talk to a documentation lawyer specialised in dealing in such matter.Read More

Posted on 26 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 27 Sep 2019

When the directors of a company issuing company with a consultation with the stock market authorities prepare to sell shares to an applicant, they communicate through an allotment letter. Most people use allotment and issuance of shares interchangeably. However, for a public company, share allotment strictly involves allocating the right shares to certain applicants. The allotment letter communicates allotment time and date of paying for the shares. Not all applicants receive allotment letters, unsuccessful applicants receive regret letters and their application money given back. Share allotment can be pro-rata, in which all applicants are accepted, but each is given lesser shares than they applied for. After that, Calls are used to collect remaining shares after application and allotment as per the provisions of the prospectus. There's first call, the second call and so on, depending on the number of instalments. The last call includes the word “final.” The call amount should not exceed 25 per cent of the share's nominal value, and a month must have elapsed from the payment date of the previous call. A 14-day notice must be given indicating time and place.Read More

Posted on 23 Sep 2019 | 1 Answer

Karishma Pandit | Legistify

Karishma Pandit
Answered on 25 Sep 2019

Appointment of Director under section 161 of Companies Act, 2013 As per section 161 of the Companies Act, 2013 the Board of directors of the company has the power to appoint an additional director on the Board of the Company unless it is provided otherwise in its Articles of Association of the Company. The Additional Director(s) so appointed shall hold office until the conclusion of next Annual General Meeting. The following documents are required for Appointment of Additional Director Copy of Board Resolution approving appointment of Additional Director Letter of Appointment Form DIR-2 (Consent to Act as Director) duly signed by the incoming Director Identity and Residence Proofs of incoming Director DIR-8 and MBP-1 under section 164 and 184 of the Companies Act,2013 Remember, that the incoming Director must have valid Director’s Identification Number (DIN). The Director/s appointed by the Board of Directors under Section 161 shall hold office until the conclusion of Annual General Meeting (AGM) of Financial Year. This means that at the Annual General Meeting of the Company, the Shareholders need to approve the appointment of Director. The following Documents will be required for regularization of Additional Director/s- Notice of Annual General Meeting / Extraordinary General Meeting. Shorter Consent received from the members of the company if the Annual General Meeting /Extraordinary General Meeting is held at a shorter notice. Shareholders Resolution Form DIR-2 (Consent to Act as Director) DIR-8 and MBP-1 under section 164 and 184 of the Companies Act, 2013. The Company is required to file form DIR-12 with Respective ROC within 30 days from the date of passing of resolution. Delay in filing form will attract additional fees which may vary from 2 times to 12 times of normal filing fees. Appointment of Director under section 152 of Companies Act, 2013:- The Company can appoint Director under section 149 read with section 152 of the Companies Act,2013 by passing of Shareholders Resolution in the Annual General Meeting / Extraordinary General Meeting. The following documents will be required for the appointment of Director/s- Notice of Annual General Meeting / Extraordinary General Meeting along with explanatory statement Shorter Consent received from the members of the company if the Annual General Meeting / Extraordinary General Meeting is held a shorter notice. Copy of shareholders Resolution DIR-8 and MBP-1 under section 164 and 184 of the Companies Act,2013 Letter of Appointment Form DIR-2 (Consent to Act as Director) Identity and Residence Proofs of Director The Company is required to file form DIR-12 with Respective ROC within 30 days from the date of passing of resolution. Delay in filing form will attract additional fees which may vary from 2 times to 12 times of normal filing fees.Read More

Posted on 24 Sep 2019 | 1 Answer