23 slabs DA increase for workmen and officers of banks
Dearness Allowance payable to employees/Officers is 478 slabs of DA for November 2016, December 2016 and January 2017 in terms of confirmed CPI for July, August and September 2016. It means an increase of 23 slabs over the current level. Thus, the percentage of DA payable to employees/Officers for the months of November 2016, December…
Read articleHow to register a Company in India explained
(This article elucidates the process of registration/incorporation of a private/public limited company under companies’ amendment act 2015.The article also envisages some of the important requirements/common licenses to do business in India ) Where to register a company? As per Rule-12 of Companies (Incorporation) Rules, 2014, application for incorporation of a private limited or a public…
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Authorised Capital, Issued capital and paid-up capital of a company explained
When a Public Limited or a Private Limited Company is to be incorporated, the promoters of the company must decide on the amount of authorized capital for the company. The Authorised Capital of a company means the maximum value of shares a company can allot to its shareholders. The promoters of the proposed company shall…
Read articleGuidelines on Memorandum of Association and Article of Association of a company
The Memorandum of Association pronounces the main object and the business activities of the company. The Articles of Association spells the rules and regulations for operations of the company. Process of approval of draft MOA & AOA by MCA: The MOA and AOA shall bear page numbers on all their pages. The photographs of the…
Read articleForm INC-7 for incorporation/registration of a new company
The e-form INC-7 deals with incorporation of the new company (other than OPC) under prevailing customary process. Filing of form INC-7 is not required where the promoters opted for integrated application form INC-29 for registering a company. A prospective director of the proposed company shall possess Digital Signature Certificate, Director Index Number to apply for…
Guidelines on selecting/reservation of name for your company
The Ministry of Corporate Affairs (MCA) established a Central Registration Centre (CRC) to process Applications for Reservation of Companies Names across India [25 Jan 2016]. The CRC process the application for reservation of name received by it in e-form INC-1 with the prescribed fee as provided in the companies (registration of offices and fees) Rules,2014.…
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