company director only
In a Private Limited Company, it's indeed possible to have only one director, as the Companies Act allows for a single-director structure. This can be particularly advantageous for entrepreneurs looking to maintain full control over their business decisions. However, while this setup simplifies management, it also raises concerns about governance and accountability. As we approach the 11th year result 2024, companies with a sole director may want to consider the potential benefits of expanding their board to enhance decision-making and attract investors, ensuring a robust foundation for future growth.
Hi Everyone,
There is one trademark application where the limit of one month has passed. Can we file for an extension? If yes, please let me know the procedure and eligibility, if any.
Dear Colleagues,
Opinions are invited on below mentioned query.
Which radio button to be selected from the following in e-form INC-22 while changing registered office from Secunderabad to Hyderabad :
1. Change in ROC within the same state
(Name of office of Existing ROC - ROC Hyderabad
Name of new ROC- ROC - Telangana)
OR
2. Change within local limits of city, town or village.
Even in this case, change is showing in the form from existing ROC Hyderabad to ROC- Telangana.
hyderabad secunderabad change office registered
A section 8 company is Incorporated , object is they will fund education of School kids n ol.
They want to take monthly donation from random public 500/- each monthly and with that it will fund the object. My question is:
1. Can a section 8 company accept such donation?
2. If yes, what are the compliance requirements?
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
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company property immovable bringing shareholder
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
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company property immovable bringing shareholder
Dear All,
With reference of the aforementioned subject, Kindly guide me where to check for GSTIN as no mail and sms has been received.
Thanks and Regards
Dear Colleagues,
Request to accord inputs on below mentioned query :
Whether consolidation of Shares ( Compiling 12 Share Certificates into 1 Share Certificate) can be done ? If yes, post consolidation, Split of Share Certificate in the denomination as requested by the Shareholder and approved by the Board can be effected ? Considering Rule 6(1)(c) of the Companies(Share Capital and Debentures) Rules, 2014, the same can be done. Opinions are invited in this regard please.
PFA Share Certificates, the manner in which details will be filled complying the Companies Act.
Opinions are invited in this regard please.
shares split followed consolidation
Respected members
Please solve my below mentioned query:
1. In a LLP, there are 2 designated partners...1 DP ceased due to death on 23/09/2020 and new DP appointed on 20/10/2020
Now, i cannot file same form for both incidents and if I first file Form 3 and 4 for death of DP and wait for ROC approval, then I will loose my 30 days time for new DP also.
Kindly suggest what should I do in this case?
parter designated appointment death 
As per the Companies Act, 2013, every private limited company must have a minimum of two directors on its board. If a private limited company has only one director, it is non-compliant with the provisions of the Act.
In case a private limited company has only one director, it is advisable to appoint another director at the earliest to ensure compliance with the law. The company can appoint a new director by following the procedure mentioned in the Articles of Association (AoA) of the company.
The appointment of a new director can be done by passing a resolution in a board meeting of the company, and by obtaining the consent of the proposed director. The proposed director must also provide a declaration that he/she is not disqualified under Section 164 of the Companies Act, 2013.
Once the new director is appointed, the company must file the necessary forms with the Registrar of Companies (RoC) within 30 days of the appointment. The forms to be filed are Form DIR-12 for intimation of the new director's appointment, and Form DIR-2 for providing the new director's consent.
If a private limited company fails to appoint a second director, it may attract penalties and legal consequences. In case of non-compliance, the RoC may initiate action against the company and its directors, which may result in fines, prosecution, and even disqualification of the existing director.