Salient Features Of The Companies Act, 2013

Company Registration

A company is a legal entity that is formed by a group of people who engage themselves in the operation of a business. The line of business that the company chooses will determine the type of entity that the business will choose.

Company registration is the registration of the organization under the jurisdiction they operate. Depending on the nature of your business, your company can be owned by a single person or a group of people.

If you’re running a business which does not have an identity, there is a high chance of you as an owner, losing the unique name of your business to a person who has already got his company registered. You won’t be able to legally sue the person for this act. Company Registration will avoid such situations and also serves as an authentic proof for your business.

Are you all set to start your next business venture? Company Registration can be a stressful task. However, registering your company legally will avoid unpleasant situations and safeguard your Business. Trust the experienced professionals at Aavana to get the job done. We can also handle all firm registrations online as well.

Companies Act, 2013: It is an act in the Parliament of India that regulates the incorporation of a company, responsibility of the company and Directors, dissolution of a company. The registration of all the companies that fall under the Companies Act, 2013 is done with approval from the Ministry of Corporate Affairs (MCA)

Registering companies with approval from the MCA is an online company registration process. When you choose an online company registration process, you will save time and also help you keep track of your company. Choose Aavana to get help with business registration online and also take care of your Pvt ltd company registration online.

Salient Features Of The Companies Act, 2013

  •  The companies act has introduced a new concept called the class action suits for shareholders with the view of making the shareholders understand and provide them with enough knowledge on their rights.
  •  The Act gives more powers to shareholders regarding the approval of certain transactions.
  •  The Act stipulates the appointment of at least one woman director on the board.
  •  The Act demands a certain class of companies to set aside a certain amount of money for activities that promote corporate social responsibility.
  •  The companies act has proposed a simple procedure for mergers and amalgamations of a certain class of companies after getting approval from the government
  •  The Act has increased the number of shareholders in a Private limited Company from 50 to 200.
  •  The Act provides for the entrenchment of articles of association.
  •  It is mandatory for every company to have at least one director who has stayed in India for not less than 182 days in the previous calendar year.
  •  The Act allows the rotation of auditors and audit firms in case of publicly traded companies.

Different Types Of Company Registrations

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