Changing the name clause of the company involves alteration of the memorandum of association of the company. Under section 13 of the Companies Act 2013, the amendment process in the memorandum of association is applicable to all companies. Therefore, all clauses of the memorandum can be altered except the capital clause. After the incorporation, the company …
A limited liability partnership (LLP) is a corporate business form blending attributes of both company and traditional partnership firms. It offers the benefits of limited liability to the partners. The concept of LLP was emerged and took place in statutes in 2008 while the idea of a private company is much older. LLPs offer several …
The formation of a company goes through several steps, starting from idea generation to commencing the business. However, the first and foremost thing in setting up a business is the preparation of memorandum and articles of association in the company. A company, being an unnatural person, comes into occurrence only after following a legal procedure. …
Non-governmental organisations, also known as non-profit organisations, are organisations formed for non-profit or selfless purposes; these organisations are basically formed to promote social welfare, social development, and other charitable purposes. In India, such an organisation may begin as a section 8 company, a trust or a society. Keep in mind that these are not the …
A Private Ltd. Company may be a company which is privately held for little businesses. The responsibility of the members of a Private Ltd. is restricted to the quantity of shares respectively held by them. Shares of Private Ltd. can’t be publically traded. The administration of such a corporation is Ministry of Corporate Affair (MCA). …