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Recently Answered Questions

Whether any relaxation is provided for Directors of a company who are residing outside India to comply on the minimal residency in India, on account of COVID -19 nationwide lock down?

Yes, relaxation is provided, if anyone Non-Resident Director has not fulfilled

the minimum residency in India for a period of at least 182 days under Section

149(3) which shall not be treated as a non-compliance for the financial year

...

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What are the rules and regulations followed in the conversion of LLP into a private limited company?

There are few basic rules that needs to be followed while converting the LLP to Private Limited Companies.

  1. The LLP Must have Minimum 7 Partners
  2. Approval of all 7 partners is required.
  3. Advertisement in the news pape...

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To register a company in India. Can I give my home address as company's registered office address?

YES, You can register a Private Limited Company or LLP on your residential home address.

You will require following documents.

1. Rental/Lease Agreement in the name of the Company/Director/Shareholder or if No Rental Agreement, Sale deed conveying the property in th...


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If while incorporating company Authorized capital = 10lac , Paid-up Capital= 1lac . Does it means that I Owns 10% of total shares in company ?

Hi,

If your company has Authorized capital as 10 Lakhs and Paid up capital is 1 Lakh, that means you can offer 9 Lakhs of shares to another shareholder or to yourself in future.

Lets say you have authorized capital of 10 lakhs and the share value of the company is 10 rupees per share at the time of incorporation then you can issue maxi...


View answer
To register a company in India. Can I give my home address as company's registered office address?

YES, You can register a Private Limited Company or LLP on your residential home address.

You will require following documents.

1. Rental/Lease Agreement in the name of the Company/Director/Shareholder or if No Rental Agreement, Sale deed conveying the property in th...


View answer
If while incorporating company Authorized capital = 10lac , Paid-up Capital= 1lac . Does it means that I Owns 10% of total shares in company ?

Hi,

If your company has Authorized capital as 10 Lakhs and Paid up capital is 1 Lakh, that means you can offer 9 Lakhs of shares to another shareholder or to yourself in future.

Lets say you have authorized capital of 10 lakhs and the share value of the company is 10 rupees per share at the time of incorporation then you can issue maxi...


View answer
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