directors number maximum minimum requirement
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Hello Everyone
If the company was incorporated in March 2023 in Canada by an Individual resident of India, due to non-approval of ODI, no remittance is yet made.
Please advise whether that resident individual needs to file his FLA due in July.
Dear All,
If an entity has not received any inward FDI / made overseas investments in the latest FY, do they need to submit the FLA return?
return
Hello Professional
Is a Section 8 company required to seek permission from Central
Government (“RD”) for alteration of its articles of association
prior to getting the same approved by the members by means of
special resolution in the general meeting?
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Hello Professionals
What do you mean by ‘Companies with charitable purpose’ (Section 8) under the Companies Act, 2013? What are the conditions for the issue & revocation of the license of such a company by the Government?
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Hello Professionals
In the case of an overseas subscriber and director, is the documents required to be notarised and apostilled for incorporation of a company?
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Hello Professionals
What are the minutes of a board meeting, and how should they be maintained?
Hello Professionals
In the case of an overseas subscriber and director, are the documents required to be notarised and apostilled for incorporation of a company?
notarized apostilled incorporation company required documents overseas subscriber director case
Hello Professionals
In terms of Section 73 of the Companies Act, 2013 read with Rule 2(1)(c)(vii) of Companies (Terms and conditions of acceptance of Deposit) Rules, 2014, deposits do not include receipt of money from Director of the Company, but the money received from a member is treated as a deposit. In case the deposit is taken from a person who is both a director and a member of the Company, will such receipt of money be treated as a deposit or not?
An OPC or One Person Company is a type of company structure that is allowed to have only one director. However, as per the Companies Act, 2013, an OPC can have a maximum of 15 directors.
Therefore, the requirement as to the minimum number of directors in an OPC is one, and the maximum number of directors allowed is 15. However, it is important to note that an OPC must have a nominee, who will become the director of the company in the event of the sole director's death or incapacity. The nominee must be named in the Memorandum of Association (MOA) of the OPC.
It is important for OPCs to comply with the regulations and laws under the Companies Act, 2013, and other applicable laws, including maintaining accurate and up-to-date records, holding meetings, and filing annual returns with the Registrar of Companies (ROC). Non-compliance may result in penalties and other consequences under the law.