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Director DIN e KYC Update

Hassle-Free Online Process

Director identification number (DIN) is a unique identification number given to a person wanting to be a director or an existing director of a company. In this digitised era, application in eForm DIR-3 was sufficient to obtain DIN. This was a one-time process for any person who wants to be a director in one or more companies. However, now with the move of the Ministry of Corporate Affairs (MCA) to update its registry, all directors with a DIN will have to submit their KYC details annually in eForm DIR-3 KYC.

Process:

Required Document

Email
PAN of Director
Digital Signature of Director
Proof of permanent address
Aadhaar Card
Mobile No
Copy of passport

Frequently Asked Questions

DIR 3 KYC is newly introduced by Ministry of Corporate Affairs (MCA) whereby every Individual who is holding DIN is required to file his /her particulars in Form DIR-3 KYC every year on or before April 30 every year.

For Financial year 2018-19 – Any person who has been allotted “Director Identification Number (DIN/DPIN)” on or before 31st March 2018 and the status of such DIN is ‘Approved’, needs to file form DIR-3 KYC to update KYC details in the system on or before 5th October 2018.

For Financial year 2019-20 onwards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.

After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’.

Name (as per PAN database), Father’s Name (as per PAN database), “Date of Birth (DoB)” (as per PAN database), PAN Number (mandatory for citizens of India), Personal Mobile number, and Personal Email Address and Permanent/ Present address.

Further, Aadhaar is mandatory, if it is assigned. If not, then Voter ID or Passport or Driving License shall be attached. Accordingly, copy of any one of the above selected information is to be attached.

As business Corporation value will be based on the business, not the owner, therefore making it easy to sell the company.

Yes. It is mandatory to enter your personal mobile number and personal email ID in the form DIR-3 KYC and the same has to be verified by an OTP process. Further, the mobile number and email ID must be unique such that it is not already linked with some other person in the DIN holders’ database.

Form DIR-3 KYC can be filed for status ‘Deactivated due to non-filing of DIR-3 KYC’ on payment of fee as above.

If an Individual files form after the due date, he/she will have to pay Rs. 5,000 perform as an additional filing fee. In addition to the above penalty, any wrong information, if any provided in the form, will also liable for penalty under Section 448 and 449 of the Companies Act, 2013. Further, a deactivated DIN means a person cannot act as a Director while his DIN is deactivated and any act done by him/her will be invalid and which might attract various penalties under Companies Act, 2013.

DIR-3 KYC is DIN based, Therefore, if a person is designated partner in LLP such person must have DIN. As such for a person having DIN, it is mandatory for him/ her to file DIR- 3 KYC

Update Director DIN e-KYC now!

Appointment of a Director

Online Procedure for Appointment of a Director as per the Companies Act, 2013

Complete the Process of Appointment of Director through 360° Online Assistance within the Quickest at an Unbeatable Price from India’s Recommended CA Panel.

Process:

Required Document

Passport Size Photograph
PAN Card
Electricity Bill
Registered Office Proof
Aadhaar Card
Address Proof
Residential Proof
No Objection Certificate

A Company may appoint a new Director for several reasons. Sometimes it is because of hiring new expertise on the board or for the requirement of the company’s shareholders. The recommended CA panel of us will complete the procedure of the Director’s Appointment following the MoA-AoA of the particular company & the Section 2(34) provisions of the Companies Act, 2013.

As per the Act, an One Person Company, Private Limited Company, and Public Limited Company requires at least 1, 2, and 3 directors in-charge respectively. Apart from that, an organization can appoint a new director on numerous grounds:

  • Bringing in new Talent and Proficiency
  • Expanding business venture
  • Death / Removal / Retirement of an existing director
  • Requirement of woman director in the company (for companies with more than Rs.300 Crore annual turnover)
  • Appointing a Nominee Director by the Central Govt. as per Section 161(3) of the Act (in case of mismanagement & oppression)
  • Appointing an Independent Director following Section 149(6) of the Act

In a private company, following their Article of Association (AoA), the shareholders can appoint an individual as the director of that particular organization. In case of a Nominee Director, the Govt. of India carries out the necessary procedure. The individual being appointed as the director, should fulfill the following criterias:

  • Age between 25-70
  • Resident of India (Staying in India for not less than 12 months at a stretch)
  • Not have been sentenced to imprisonment for any period
  • Not have been detained under the Conservation of Foreign Exchange & Prevention of Smuggling Activities Act, 1974
  • Country’s most Efficient CA panel will be Managing Director’s Appointment Process
  • In-house Advisory Panel always at your disposal for in-depth Business Assistance
  • Step-by-step Online guidance to get completed with Director’s Appointment process
  • Customer Support available in 6 different languages including English
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Removal / Resignation of a Director

Get 360° Online Assistance from India’s Recommended CA Panel in Complete & Quick Removal / Resignation of a Director at an Unbeatable Price

In India, Registered Private and Public Limited Company need 2 and 3 Directors respectively on board. But, due to numerous cases, an entity may change the individual holding the designation following Section 169 of the Companies Act, 2013 of the Indian Govt. Specialised CA Panel of IndiaVakil will assist the Shareholders of an Organization in the Director’s Removal or Resignation process following the norms of Ministry of Corporate Affairs (MCA).

Process:

Required Document

Form DIR-11 Filing

This form is required to be submitted in the time of removing the Director from the organization. Here, two documents are needed to be attached -

  • Resignation Letter of the concerned Director
  • Digital Signature Certificate of the concerned Director
Form DIR-12 Filing

With this form, the documents that are needed to be attached-

  • Resignation Letter of the concerned Director
  • Board Resolution regarding the Removal of Director process

A Company may appoint a new Director for several reasons. Sometimes it is because of hiring new expertise on the board or for the requirement of the company’s shareholders. The recommended CA panel of us will complete the procedure of the Director’s Appointment following the MoA-AoA of the particular company & the Section 2(34) provisions of the Companies Act, 2013.

As per the Companies Act, 2013, in case of not appointed by the Central Govt. of India, an organization can remove a Director for various reasons:

  • The appointed Director is not attending the Board Meeting for more than 12 months in a row
  • Resignation is filed by the concerned Director himself/herself
  • The Director is convicted by a Court and Sentenced to Imprisonment
  • Ineffectiveness of the existing Director
  • Hiring new Expertise on board
  • If the Director is suffering from Mental Disorder or becomes Bankrupt
  • The concerned Director is not responding to the Notice sent by the Organization
  • Bringing in new Talent and Proficiency
  • Expanding business venture
  • Death / Removal / Retirement of an existing director
  • Requirement of woman director in the company (for companies with more than Rs.300 Crore annual turnover)
  • Appointing a Nominee Director by the Central Govt. as per Section 161(3) of the Act (in case of mismanagement & oppression)
  • Appointing an Independent Director following Section 149(6) of the Act

In the Removal of a Director (if not appointed by the Central Govt.) proceedings, the following individuals can take part:

  • Shareholders holding not less than Rs. 5,00,000 capital in the Organization
  • Shareholders holding not less than 1% voting power in the Board Meeting
  • Age between 25-70
  • Resident of India (Staying in India for not less than 12 months at a stretch)
  • Not have been sentenced to imprisonment for any period
  • Not have been detained under the Conservation of Foreign Exchange & Prevention of Smuggling Activities Act, 1974

Following the provisions of the Companies Act, 2013, within 30 days from the resignation procedure, an entity is mandated to file DIR-12 Form addressing the dislodged Director’s credential to the Ministry of Corporate Affairs. Failing to do so would lead to penalties and legal complexity:

  • One time amount of the definite Govt. fee for not filing the DIR-12 within 15 days
  • Twice the Govt. fee for not filing DIR-12 within 30 days
  • Step-by-step Online guidance to get GST Certificate and Carrying Out Filing Process
  • For not filing the Form within 31-60 days, four times the Govt. fee
  • For more than 180 days of not filing the DIR-12, 10 times the Govt. fee and may lead to a Court Trial as well

*Actual Govt. Fee: Rs. 300

  • Country’s most Efficient CA panel will be Managing Complete Removal / Resignation of Director Process
  • In-house Advisory Panel always at your disposal for in-depth Business Assistance
  • Step-by-step Online guidance to get completed with Director’s Removal / Resignation process
  • Customer Support available in 6 different languages including English
  • Free Consultations Available at Just a Click!
  • Quickest Service at an Unbeatable Price
  • Call, E-mail, Chat Support

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Closure of Private Limited Company

Get 360° Online Assistance for Fast Approval from the Govt. of India and Registrar of Companies (ROC) for Pvt. Ltd Company Closing Down / Winding Up Process.

At different stages of the company life cycle, a director or the shareholders may decide to close down the organization for numerous reasons. Get the country’s recommended CA Panel’s assistance from Online Legal India™ to complete the required legal steps following the provisions of Section 2(94A) in the Companies Act, 2013 and the Registrar of Companies (ROC).

Process:

Required Document

  • Copy of Board Regulation showing authorization given for filing this application
  • Private Limited Company Incorporation Certificate
  • Brief Description of the Main Object in Company MOA
  • Any litigation pending before tribunal
  • CA’s audit report on the company’s accounts, assets and liabilities
  • Most recent statements of the Company’s Accounts, Assets, Liabilities
  • Indemnity Bond (to be given individually by the company directors)
  • Affidavit of the company directors as per annex-A
  • NOC Copy from concerned Administrative Body/Ministry/Govt.
  • Copy of relevant order for delisting from concerned stock exchange
  • Indemnity Bond (to be given individually by the company directors)
  • Affidavit of the company directors as per annex-A
  • NOC Copy from concerned Administrative Body/Ministry/Govt.
  • Copy of relevant order for delisting from concerned stock exchange

Frequently Asked Questions

As per the Companies Act, 2013 and the ROC, the winding up process can be initiated by various parties of the concerned organization:

  • The Company itself
  • The Director(s) of the Company
  • Shareholders of the Company
  • A Business Creditor / Contributor of the Company
  • State / Central Govt. / ROC (in case of conducting any illegal actions or fraud by the Company)
  • Country’s most Efficient CA panel will be Managing Company Winding Up Procedure
  • In-house Advisory Panel always available for in-depth Business & Legal Assistance
  • Step-by-step Online guidance to get completed with Company Winding Up Process
  • Free Consultations Available at Just a Click!
  • Quickest Service at an Unbeatable Price
  • Call, E-mail, Chat Support available in 6 different languages including English
  • Economic Condition
  • Low Profits
  • Tough Competition
  • Management Issue
  • Health Issues of Director
  • Lack of Capital
  • Unanticipated Event
  • One time amount of the definite Govt. fee for not filing the DIR-12 within 15 days
  • Twice the Govt. fee for not filing DIR-12 within 30 days
  • Step-by-step Online guidance to get GST Certificate and Carrying Out Filing Process
  • For not filing the Form within 31-60 days, four times the Govt. fee
  • For more than 180 days of not filing the DIR-12, 10 times the Govt. fee and may lead to a Court Trial as well

*Actual Govt. Fee: Rs. 300

If a private limited company wishes to close down all its business operations, bank accounts and winding up the organization, the management of the organization (Including the directors, agents, investors, shareholders, etc.) is required to follow the procedure of the Companies Act, 2013, and the Registrar of Companies (ROC).

Failing to do so, the liable individual would face civil or criminal offense as per Section 284 – 356 of the Act. The law enforces imprisonment of upto 5 years or a fine of Rs. 10 Lakhs or both.

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Complete LLP Winding Up

Get 360° Online Assistance from India’s Recommended CA Panel in the Complete & Quick LLP Closure and Winding Up Process

The Govt. of India has enacted the Limited Liability Partnership (LLP) Settlement Scheme, 2020, that overviews the LLP related issues in the country. Get the country’s recommended CA Panel’s assistance from us to complete the LLP Closure / Winding Up procedure following the provisions of the Scheme, LLP Act, 2008, and the Registrar of Companies (ROC).

Process:

Required Document

Frequently Asked Questions

By filing the Form-24 of Limited Liability Partnership (Amendments) Rules, 2017, a concerned personnel can close down an LLP. The frequent reasons are namely:

  • Not having 2 Directors/Partners on the Board
  • Economic Condition
  • Low Profits
  • Tough Competition
  • Management Issue
  • Lack of Capital
  • Unanticipated Event
  • Country’s most Efficient CA panel will be Managing LLP Winding Up Procedure
  • In-house Advisory Panel always available for in-depth Business & Legal Assistance
  • Step-by-step Online guidance to get completed with LLP Winding Up Process
  • Free Consultations Available at Just a Click!
  • Quickest Winding up Service at an Unbeatable Price
  • Call, E-mail, Chat Support available in 6 different languages including English
  •  

The LLP winding up process can be initiated by carrying out the followings:

    • Ceasing all business operations
    • Close bank accounts opened in the name of the LLP
    • Paying all the creditors
    • Chucking out all the properties/ assets to pay the liabilities
    • Must not own any liability

The winding up process of a registered LLP can be initiated in two ways:

  • Voluntarily Winding Up

    Here the partners of the concerned LLP can decide by themselves and close down the LLP by following the necessary legal steps as per the ROC. The decision should be authorized by 3/4th of the total numbers of partners.

  • Compulsory winding up by Tribunal

    The ROC can initiate the process of closing down a particular LLP that has not executed any business operation and Appliance filing for more than one year. It also takes place in case the particular LLP is convicted of being associated with any illegal or fraudulent instance.

Increase Company’s Authorized Capital

Get 360° Online Assistance for Increasing Authorized Capital of your Company by following the best regulatory standards

Guided Requirements from your Company’s End

Documented AoA of the Company

The company’s AoA must have a clause for an increase in capital in the future. If not, the organization is required to modify the Articles as per Section 14 of the Companies Act, 2013.

Board Meeting

A Board Meeting should be organized to approve the Increase in Authorized Capital from the Board of Directors.

Shareholders’ Approval

Following the Board Meeting, the company’s shareholders should be addressed to get approval on the Increase in Authorized Capital.

Adaptation in Company’s MoA

After getting approval from the Board and the Shareholders, the Company’s MoA should be modified for increasing the Authorized Capital.

Acquaint with ROC

The alteration in the company’s MoA, AoA, increase in the Authorized Capital, should be informed to the Registrar of Companies (ROC) and the Ministry of Corporate Affairs (MCA).

Process:

Frequently Asked Questions

The capital which is authorized by the memorandum of the company to be the maximum amount of share capital of the company is called the Authorized Capital of the Company. It is required to be mentioned in the company’s MoA.

  • A company can increase its Authorized Capital by initiating an amendment in its AoA (if needed). Consequently, the company needs to organize a Board Meeting to get approval from the Directors and the Shareholders.

The procedure of Increase in Authorized Capital for a company is regulated by the Company Act, 2013 of the Indian Govt. along with the regulations of the Registrars of Companies (ROC).

Not really. The Directors can approve the same in a Board Meeting followed by the assent of the shareholders of the company.

It completely depends on how the company itself manages to conduct the essential steps like Board Meeting organizing, approval process from the Directors – Shareholders, etc. The legal process usually takes 7-10 working days of time to be completed.

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Registered Office Change

Get 360° Online Assistance in Renaming Your Registered Workplace at an Unbeatable Price!

Required Document

    • The proof of owning the Business Location in the name of the company
    • If the workplace is taken on Rent / Lease, the Legal Document for the same
    • In case the particular property is owned by any Director of the company, then the valid documents permitting the Company to use that Location
    • The proof of owning the Business Location in the name of the company
    • If the workplace is taken on Rent / Lease, the Legal Document for the same
    • In case the particular property is owned by any Director of the company, then the valid documents permitting the Company to use that Location
    • Company’s special Resolution approving the Change of Address by its Members
    • Company’s General Meeting in which the Resolution was Authorized
    • A Notice expressing the company’s General Meeting containing the related Explanatory Statement
    • List of the company’s Creditors and Debenture
    • Power of Attorney
    • Essential documents related to the Payments
  • Required Activities During the change of Workplace Location –
    • A special resolution should be prepared by the company’s board which is needed to be approved by the RD (Regional Director)
    • Next, the special resolution should be filed in the company’s MOA (Memorandum of Association)
  • Important Points:

    Frequently Asked Questions

    Registered Office refers to the official workplace of any Organization/Company Pvt. Ltd. /LLP or any business entity. The Registered Office is used for every kind of business operation and any communication related to their work domain.

    In case any business entity decides to alter its workplace to another city, jurisdiction area, or state, it is called the Registered Office Change/ROC process.

    The procedure of the Registered Office Change is followed by the guidelines of the Company Act, 2013.

    There are several points that can be highlighted for which a company can execute a ROC. It may be for a better location, better opportunity, or developing the reputation of the company.

    As per the Company Act, 2013, all the submitted documents for the ROC process should not be more than 2 months old.

    Change Registered Office Now!

    Change / Modify your Company’s Name

    Get Complete Guidance from the Country’s Recommended CA / CS Panel for your Company’s Name Changing process | Quickest Service at an Unbeatable Price!

    Process:

    Required Document

    Company Incorporation Certificate
    Suggested New Names for the Company
    List of the Company’s Director(s) and Shareholders
    Digital Signature of the Director(s)
    Company’s MOA & AOA statement

    Requirements During Company’s Name Change Procedure

    Frequently Asked Questions

    A registered business entity in India can change or alter its existing name by following the guidelines stated by the Ministry of Corporate Affairs (MCA). This process is called the Company Name Change process.

    In India, the procedure for changing the name of a registered company is overseen by Section 13(2) of the Companies Act, 2013 and Rule 29(2) of the Companies (Incorporation) Rules 2014 with the administrative supervision of the Registrar of Companies (ROC).

    No. If a business entity registers a new Name from the Ministry of Corporate Affairs, the previously registered Name cannot be used by the entity further.

    No. If a company changes its name, it does not affect its legal identity. But, till the proposed name gets registered, the company is mandated to use the existing name only.

    Change / Modify your Company’s Name Now!

    Modify / Amend your Private Limited Company’s MOA

    Get Step by Step Online Assistance in MOA Amendment Process of a Pvt Ltd Company at an Unbeatable Price!

    Process:

    Requirements During Amending Public Limited Company’s MOA

    Board Meeting

    A Board Meeting should be organized by the Limited Company to approve the MOA Amendment from the Board of Directors.

    Shareholders’ Approval

    Following the Board Meeting, the company’s shareholders should be addressed to get approval on the MOA Amendment by passing a special resolution.

    Documentation of the Amended Memorandum of Association

    Following the completion of the process, the amended MOA should be recorded in all the official documentation of the concerned organization.

    Frequently Asked Questions

    The Memorandum of Association MOA is an important document of a Private Limited Company in certain Jurisdictions. It contains the Article of Association (AOA) as the company’s internal constitution for regulating the business operation.

    It shows the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors, and those dealing with the company know about what is the limit of range of operation. While incorporating a company, the memorandum is mandatory to be filed with the Registrar.

    For numerous reasons, a private limited company’s MOA can be modified or amended. In the process, the concerned organization or individual is required to follow the provisions of the Companies Act, 2013 and the guidelines of the Registrar of Companies ROC.

    • Get your work done by Govt. of India’s ‘Startup India’ Certified Entity
    • Country’s most Efficient CA panel will be managing MOA Amendment Procedure
    • In-house Advisory Panel always available for in-depth Business & Legal Assistance
    • Step-by-step Online guidance to get completed with MOA Amendment Process
    • Free Consultations Available at Just a Click!
    • Quickest Service at an Unbeatable Price
    • Call, E-mail, Chat Support available in 6 different languages including English
    • In case of changing the Name of the Private Limited Company
    • Change of Registered Office of the Company
    • Alteration in any Company’s Authorized Capital
    • Alteration in Capital Clause of the Company
    • Change in the Company’s Members’ Liability
    • If the Object Clause of the Pvt. Ltd. Company is modified
    • In case of a Merger with any other Business Personnel or Entity

    Modify / Amend your Private Limited Company’s MOA

    Amendment for your Public Limited Company’s MOA

    Get Step by Step Professional Assistance in Memorandum of Association Amendment Process at an Unbeatable Price!

    Process:

    Requirements During Amending Public Limited Company’s MOA

    Board Meeting

    A Board Meeting should be organized by the Limited Company to approve the MOA Amendment from the Board of Directors.

    Shareholders’ Approval

    Following the Board Meeting, the company’s shareholders should be addressed to get approval on the MOA Amendment by passing a special resolution.

    Documentation of the Amended Memorandum of Association

    Following the completion of the process, the amended MOA should be recorded in all the official documentation of the concerned organization.

    Frequently Asked Questions

    The Memorandum of Association, MOA, is an important document of a Public Limited Company in certain Jurisdictions. It shows the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors, and those dealing with the Public Limited Company know about what is the limit of range of operation.

    It contains the Article of Association (AOA) as the company’s internal constitution for regulating the business operation and at the time of incorporation, the memorandum is mandatory to be filed with the Registrar.

    Due to several reasons, a Limited Company’s Memorandum of Association can be modified or amended. In the process, the concerned organization is required to follow the provisions of the Companies Act, 2013 and the guidelines of the Registrar of Companies ROC.

    • Country’s most Efficient CA panel will be managing MOA Amendment Procedure
    • In-house Advisory Panel always available for in-depth Business & Legal Assistance
    • Step-by-step Online guidance to get completed with MOA Amendment Process
    • Free Consultations Available at Just a Click!
    • Quickest Service at an Unbeatable Price
    • Call, E-mail, Chat Support available in 6 different languages including English
    • In case of changing the Name of the Public Limited Company
    • Change of Registered Office of the Company
    • Alteration in any Company’s Authorized Capital
    • Alteration in Capital Clause of the Company
    • Change in the Company’s Members’ Liability
    • If the Object Clause of the Limited Company is modified
    • In case of a Merger with any other Business Personnel or Entity

    Modify / Amend your Public Limited Company’s MOA

    Modify your Section 8 Company’s MOA

    Get 360° Online Assistance in Section 8 Company MOA Amendment at an Unbeatable Price!

    Process:

    Requirements During Amending Public Limited Company’s MOA

    Board Meeting

    A Board Meeting should be organized by the Limited Company to approve the MOA Amendment from the Board of Directors.

    Shareholders’ Approval

    Following the Board Meeting, the company’s shareholders should be addressed to get approval on the MOA Amendment by passing a special resolution.

    Documentation of the Amended Memorandum of Association

    Following the completion of the process, the amended MOA should be recorded in all the official documentation of the concerned organization.

    Frequently Asked Questions

    The Memorandum of Association (MOA) is an important document of a company in certain Jurisdictions. While incorporating a Section-8 company, the memorandum is mandatory to be filed with the Registrars of Companies (ROC) and the Ministry of Corporate Affairs (MCA). It shows the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors, and those dealing with the company know about what is the limit of range of operation.

    For numbers of reasons, a Section 8 company’s MOA can be modified or amended. In the process, the concerned organization is required to follow the provisions of the Companies Act, 2013 and the guidelines of the Registrar of Companies ROC.

    • Country’s most Efficient CA panel will be managing MOA Amendment Procedure
    • In-house Advisory Panel always available for in-depth Business & Legal Assistance
    • Step-by-step Online guidance to get completed with MOA Amendment Process
    • Free Consultations Available at Just a Click!
    • Quickest Service at an Unbeatable Price
    • Call, E-mail, Chat Support available in 6 different languages including English
    • In case of changing the Name of the Section 8 Company
    • Change of Registered Office of the Company
    • Alteration in Capital Clause of the Company
    • Change in a Company’s Members’
    • If the Object Clause of the Company is modified

    Modify / Amend your Public Limited Company’s MOA