Penalty Amendment 1. Omitted by Notification Dated 1st May, 2015. If One Person Company or any officer of such company contravenes the provisions of these rules, One Person Company or any officer of the One Person Company shall be punishable with fine which may extend to ten thousand rupees and with a further fine which may […]

Nomination by the Subscriber or Member of One Person Company For the purposes of first proviso to sub-section (1) of section 3 – (1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber’s death or his

One Person Company (1) Only a natural person who is an Indian citizen 3[whether resident in India or otherwise] (a) shall be eligible to incorporate a One Person Company; (b) shall be a nominee for the sole member of a One Person Company. 2[Explanation I – For the purposes of this rule, the term “resident in

Definitions (1) In these rules, unless the context otherwise requires,- (a) “Act” means the Companies Act, 2013 (18 of 2013); (b) “Annexure” means the Annexure to these rules; (c) “Form” or “e-Form” means a form in the electronic form or non electronic form as specified under the Act or Rules made there under and notified by the Central Government

Short Title and Commencement (1) These rules may be called the Companies (Incorporation)Rules, 2014. (2) They shall come into force on the date 1st day of April, 2014.      Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST

Restriction on number of layers for certain classes of holding companies (1) On and from the date of commencement of these rules, no company, other than a company belonging to a class specified in sub rule (2), shall have more than two layers of subsidiaries: Provided that the provisions of this sub-rule shall not affect

Short title and Commencement (1) These rules may be called the Companies (Restriction on number of layers) Rules, 2017. (2) They shall come into force on the date of their publication in the official Gazette. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax

List of Relatives in Terms of Clause (77) of section 2 A person shall be deemed to be the relative of another, if he or she is related to another in the following manner, namely:- (1) Father: Provided that the term “Father” includes step-father. (2) Mother: Provided that the term “Mother” includes the step-mother. (3)

Related Party For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director 1[other than an independent director] or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party. Amendment 1.Inserted by Notification Companies (Specification of definitions details) Amendment Rule, 2014

Companies not to be considered as listed companie For the purpose of the proviso to clause (52) of section 2 of the Act, the following classes of companies shall not be considered as listed companies, namely:- (a) Public companies which have not listed their equity shares on a recognized stock exchange but have listed their – (i) non-convertible