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Showing posts from April, 2022

Removal of Director From Private Limited Company - Overview

Every private company must have at least 2 directors, and in the case of a public corporation, at least three directors are required. A Private company has the rights to remove a director if he is caught in any of the incompetence stated as per the Act, absents himself/herself from board adherence for more than 12 months. If it enters into arrangements or agreements against the provisos of section 184, it gets barred by order of a court or is convicted by a court or Tribunal of any crime and condemned to imprisonment for more than 6months How To Add Directors for Private Limited Company According to section 260 and section 284 of the Companies Act, 1956, the Articles of Association of an organization are the wellspring of specialist from where the Board of Directors attracts the privilege to add new chiefs to the Board or expel existing ones. The Articles of Incorporation must accommodate the expansion of Directors. The individual designated must be qualified according to the applicabl...

U K company formation

How do I appoint a director after company formation? Typically, new director appointments are approved by a  resolution of the members  at a general meeting or in writing. However, some companies may grant this decision-making power to the board of directors. The specific rules and procedures pertaining to your company will be outlined in the  articles of association , so you should refer to this constitutional document in the first instance. When you have selected and approved the appointment of a suitable candidate, you can formally appoint the new director using  Companies House Form AP01 . This can be completed online and submitted to Companies House via  WebFiling , or you can complete and post the paper form instead. Appoint a new company director here Alternatively, you can appoint a director free of charge through Rapid Formations’  Online Admin Portal . There is no need 

Visa for working and business trips to India

Are you going to India for work? Then you need a business visa. Which variant is required depends, among other things, on the nature of the work performed. For a business trip an e-visa generally suffices. To enter into employment in India, you generally need to have a visa stamped in your passport. Changes business visas India in 2019 Starting 2019, the rules surrounding the business Indian visas (the so-called eBusiness type) have changed dramatically.  The strict restrictions on the e-visa for business travellers have been largely lifted. Because of this, the necessity of a sticker-visa (which is stamped in the passport) is a thing of the past for most business travellers. On this page you can read if you too can make use of the online “eBusiness” procedure, which allows for faster approval, lower costs, and does not require physical visas to be delivered The eBusiness business visa is valid for these travel purposes The following business travel purposes are allowed with an ele...

Can a foreigner get permanent residency in India?

Unless you are a person of Indian origin, the only way to get permanent residency is through investment . Another alternative would be to take Indian citizenship after visa renewals for a period of 12 years or so. Citizenship of India can be acquired by birth, descent, registration and naturalisation. Business  visa The e-Business visa for India is  a double entry visa that grants a total stay of up to 180 days from the the date of first entry in India . Eligible citizens can obtain a maximum of two e-Visas within one year. If you need to stay in India for more than 180 days, you might need to apply for a consular visa. Any one of several official endorsements by a consul of a country . A consular visa can be issued for travel, consular invoices, certificates of origin, shipping documents and other legal documents.

Incorporation of Company with a Foreign Director in India

Incorporation of Company with a Foreign Director in India Every company in India is established under the Companies Act, 2013 (‘Act’). An Indian company can be incorporated with a foreign director in India under the Act. The Board of Directors (‘Board’) manages the company. The Board of a company can comprise Indian residents and foreign nationals. However, an Indian company must have at least one director who is an Indian citizen. The Board cannot contain only foreign directors. A foreign national can be appointed as an executive or an independent director in an Indian company.  Director Under Companies Act, 2013 The Companies Act, 2013 defines a director as a person appointed to the company’s Board. The directors manage the company affairs and are the heads of a company. The directors of a company are jointly known as the Board of Directors.  The Board of a company is also responsible for protecting the interests of the shareholders of the company. Under the Act, a person ca...