ISSUE OF BONUS SHARES IN INDIA
ISSUE OF BONUS SHARES Yes, It is true that In India even a small company can issue bonus shares and that too to non-resident shareholders, including those outside India, subject to certain conditions. Specifically, the company must comply with the applicable laws and regulations, including the Foreign Exchange Management Act (FEMA) and the sectoral caps. Additionally, the […]
Stamping of Share Certificates in the State of Uttar Pradesh
STAMPING OF SHARE CERTIFICATE IN THE STATE OF UTTAR PARDESH The Indian Stamp Act of 1899 and the Uttar Pradesh Stamp Act of 2008 both govern the stamp duty on share certificates in Uttar Pradesh. Stamp duty on share certificates is now set at 0.1% of the whole share value (face value plus premium). In […]
MEMORANDUM OF ASSOCIATION AND ARTICLE OF ASSOCIATION
Memorandum of Association and Article of Association A company must prepare certain preliminary documents before applying for company registration. The Memorandum of Association (MOA) and Articles of Association (AOA) are two such preliminary documents that every company must prepare. The MOA and AOA should be filed with the Registrar of the Companies (ROC) along with […]
HOW TO CLOSE A COMPANY
HOW TO CLOSE A COMPANY A company can be closed in following way: 01. By strike off (section 248-252) 02. By voluntary winding up (section 59 of IBC,2016) 03. By obtaining dormant or inactive status (section 455) STRIKE OFF Grounds of strike off: 01. Co. has not commenced its business within 1 year from incorporation. […]
INCORPORATING A FOREIGN COMPNAY/FOREIGN COMPANY INCORPORATING A COMPANY IN INDIA
HOW A DUBAI BASED COMPANY CAN OPEN A COMPANY IN INDIA FOREIGN COMPANY 2(42) Any entity that has been incorporated outside India, which: (a) Has a place of business in India whether by itself or through an agent, physically or through electronic mode and (b) Conduct any business activity in India in any other manner. […]
