Friday, May 2, 2014

'ONE PERSON COMPANY' a new concept in Companies Act, 2013

Under the Companies Act, 2013, one person can form a company in India as 'One Person Company (OPC)'. This Company will be treated as private Company. Minimum directors and members required in OPC is 'One'.

Procedure and forms to form a OPC:

1. DIN of member and director - Form DIR-3 with DIR-4;

2. Digital Signature of director/applicant;

3. Name Availability - Form INC-1;

4. Registration - Form INC-2 (incl. annexures) with INC-3.

Governing provisions: Section 2(62), 3(1)(c) and 4(1)(f) of the Companies Act, 2013.
     

Thursday, May 1, 2014

Certification of forms under Companies Act, 2013

At present, all companies required to get pre-certification of specified forms from practicing Company Secretary or Chartered Accountant or Cost & Works Accountant under Companies Act, 2013.