An associate company is an organization in which another company (known as the parent company) possess an ownership stake.Don’t get confused between subsidiary and associate company. In the subsidiary, the parent company uses to have a majority stake, whereas a company will be considered as an associate company if the parent company has a minority stake.A parent company … [Read more...] about Associate company
company law
Company’s Board meetings – 5 Key points you must know
The board meeting is a formal gathering of the company’s board of directors to discuss and take decisions on various important issues related to the company.The Board of directors is the authorized governing body of the company. Each organization, being public or private is governed by its board of directors.Members of the board are known as directors, elected by the … [Read more...] about Company’s Board meetings – 5 Key points you must know
Auditor’s Consent to be sent to the company
AUDITOR'S CONSENT AND CERTIFICATE[Pursuant to the provisions of Section 139 of Chapter X of the Companies Act, 2013]ToThe Board of Directors XYZ PRIVATE LIMITED (CIN:____________) ADDRESS:Dear Sir,In connection with the appointment of ABC & Co, Chartered Accountants, as auditors of XYZ PRIVATE LIMITED in accordance with the provisions of the Companies … [Read more...] about Auditor’s Consent to be sent to the company
Auditor Appointment letter to be sent by the company – Sample Format
Date:-To,Mr. ABC M/s ABC & Co, Chartered Accountants Address: ----------------------------------------------Sir,Sub: Appointment as Statutory Auditor for the period starting from financial year ____ to____.We are pleased to inform you that your firm has been appointed as Statutory Auditor of our Company for conducting the audit under Section 139 of the … [Read more...] about Auditor Appointment letter to be sent by the company – Sample Format
Minimum requirements to incorporate a private limited company
To register a private limited company in India, you are required to fulfill certain basic things as per Companies Act 2013.In this article, we will let you know the minimum requirements to start a private limited company in India. You should know all these basic things before approaching a professional for registration of a private limited company.In case you want to … [Read more...] about Minimum requirements to incorporate a private limited company