Category: Private Limited Company

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Mandatory Compliances for a Private Limited Company in India

Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated.

Managing the day to day operations of your business along with complying the corporate laws can be little taxing for any entrepreneur. Hence, it is essential to take help of a professional and also understand such legal requirements to ensure timely fulfilment of compliances, without any levy of interest or penalty.

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Procedure of Dematerialization of Shares

Dematerialization is the process of converting your physical shares and securities into digital or electronic form. The basic agenda is to smoothen the process of buying, selling, transferring and holding shares and also about making it foolproof. All your securities are stored in an electronic form instead of physical certificates.

In this document, you will find the procedure for dematerializing shares and the list of required documents for completing the process for both the company and shareholders. Continue reading “Procedure of Dematerialization of Shares”

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Dematerialisation of Shares of Private Companies

The Ministry of Corporate Affairs (MCA) has introduced a significant change with the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (PAS Amendment Rules) as notified by notification no. GSR 802(E) dated 27th October 2023. This mandates private companies, to convert physical securities into dematerialized (electronic) form within eighteen months of their financial year ending March 31, 2023, i.e., September 30, 2024. Continue reading “Dematerialisation of Shares of Private Companies”