Secretarial Compliances
& Changes in Business
Annual Compliances for Private Limited Companies
A private company has a distinct identity from its directors and is a legal entity. It must be kept under check by regularly filing with the Ministry of Corporate Affairs to maintain its active status (MCA). For each fiscal year, every private firm is required to submit an annual return and audited financial reports to MCA. Whether the turnover is zero or in crores, the Registrar of Companies filing is still required. Every certified firm is required to submit annual compliances for private limited, independent of how many businesses are operated.
Annual Filings for LLPs
A Limited Liability Partnership (LLP) should file returns on a regular basis to maintain legality and avoid facing harsh legal penalties for non-compliance. In comparison to the compliance requirements imposed on private limited corporations, the number of compliances that must be committed to by a limited liability partnership each year is remarkably minimal.
Increase in Authorised Capital
Before issuing additional equity shares and raising paid-up capital, a firm may need to increase the authorized share capital. The total amount of shares a corporation is permitted to issue is known as authorized share capital. The total value of the issued shares of the corporation makes up the paid-up capital. The firm can grow up to the allowed capital level for the corporation. The company must increase the authorized capital by taking the actions described in this article if it needs to expand its business by investing more money than it did at the beginning.
Add a Director
The Directors of a Private Limited Company are extremely important to its operation. The Directors are in charge of making daily decisions and managing the firm. The main individuals that the company’s shareholders depend on to manage their investments are the directors.
Remove a Director
We also assist with removing the director in this. The board of directors of a corporation is a significant entity that is in charge of managing the company’s business operations. However, on occasion, a director may be fired by the company’s management because of carelessness, a privacy violation, or another circumstance.
Add a Designated Partner
The name of the designated partner will be added to the LLP master data on MCA once all of this paperwork have been submitted. A designated partner is comparable to a private limited company’s director. He is responsible for managing the LLP and must conform to the LLP Act’s regulations. There must be two chosen partners in any Limited Liability Partnership. A resolution must be approved in order to include a specified partner.
Change Objectives of Your Business
By subscribing to our Change Objective of Your Company service now, you can transfer the time-consuming legal tasks involved in altering a company’s objects to our specialists and focus on the new direction that your business is following. You must alter the Memorandum of Association if you want to change the goals or aims and objectives of your company.
Change Official Address
The term “registered office” describes the business’s primary location or typical correspondence address. All correspondence with the company will be done so at its registered office address. The company may be required to change its registered office address in the course of business from one location to another, outside of the city limits of the same state, by adopting board resolutions and general meeting resolutions and submitting address change paperwork to the Registrar of Companies.
Change Company Name
If somebody wants to modify their company name, our team will assist them in doing so as well. With the consent of the shareholders and the Ministry of Corporate Affairs (MCA), the name of a private limited company may be changed at any moment. A special resolution from the shareholders as well as MCA permission is needed for a private limited company to alter its name.
Change LLP Agreement
We also offer the, where the partners are required to comply with its rules and refrain from breaking any of them. The LLP agreement may be changed at any time after registration with the consent of the partners. Changes in activity, resources, obligations, and rights are some of the most frequent causes of change.