DIR-5 (Application for surrender of Director Identification Number) will be deployed as an e-form for filing purposes w.e.f 21st June 2017.
Any person who wants to become a Director shall require to make an application in e–form DIR with Registrar of Companies (ROC) along with e-form there are few documents which are required to be attached with it.
As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly.
As we all are aware that the government has recently launched a web service RUN (Reserve Unique Name) for reserving name of a proposed company
Ministry of Corporate affairs has taken another major step towards ease of doing business. They have made some changes in name approval process and getting DIN of Director.
Ministry of Corporate Affairs has made few changes to make the Incorporation process more convenient to stakeholders.
The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity.
A business may need to be closed for many reasons that may be due to business failure or any other unavoidable circumstances.
Registering a startup or a new business in India first and foremost one has to go by, there are some official procedures a startup or a company has to follow in order to register them in Indian official records.
Most start-ups these days prefer to form a private limited company as it is more easy to them to raise capital through venture capitalists.
Employee’s state Insurance (ESI) is a safe tool for social security and health insurance scheme for Indian workers. The ESI fund is managed by ESI Corporation according to the rules and regulations stipulated by ESI Act 1948,
Private Limited Company, the most popular legal structure for businesses are usually started from members among family, friends and relatives and should be chosen by anyone looking to build a flexible business.