Section 8 of the Companies Act 2013 provides for the formation of the companies with charitable objects etc. Section 8 Company, (earlier Section 25 Company of the Companies Act, 1956), is a legal entity for charitable or not-for-profit purposes. Section 8 company is also know as NGO.

A private limited company can easily be started and registered by combination of two members. The day to day affairs of management is carried out by the directors. Books of accounts are properly prepared, maintained and their audit is compulsory once in a year. Private limited company can have maximum 200 person as shareholders. For company registration all director must have their DIN and if not holding DIN then first of all obtain DIN from MCA. DIN is Director Identification number issued by Ministry of Corporate Affair and valid for life time.

One Person Company (OPC) means a company which has only one person as a member and registered under companies Act 2013. Only one person is required who can be a shareholder as well as the Director allowing them to create a single person entity. An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company from of business. During the incorporation of a one person company, the sole director & shareholder must propose a person as his/her nominee. In case the sole member of a one person company stops to be a member due to death or incapacity to enter into a contract; his/her nominee will become a member of the company.

Director in a company may need to resign or the Board of Directors or Shareholders may want to remove a Director for any reasons. In such cases, a Director can resign or be removed by filing the intimation of change of Director with MCA. The procedure for resignation of director and removal of Director by the Board or Shareholders vary. A Director can resign from a company by giving a notice in writing to the company and the Board is required to file the necessary filings with MCA within 30 days. A Director can also send a copy of the resignation letter to the ROC directly by filing a different set of forms.

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 April of the immediately next financial year.

If your business in the private limited company is not running properly or faces continuous losses, it is better to close such private limited company and look for a new beginning. Here are four ways in which a private limited company can be closed.

Company address change are broadly 3 type
– within same state, town, village, city
– outside town, village, city but within same state
– from one state to another state

Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association and Articles of Association of the company. Since a company is an artificial judicial person created by law, it can only act through the agency of natural persons. Thus, only living persons can be Directors of a company and the management of a company is entrusted to the Board of Directors. Appointment of Directors can be required for a company from time to time based on the requirements of the shareholders of the business.

All companies registered in India like private limited company, one person company, limited company, and section 8 company must file MCA annual return and income tax return each year. In case of non filing of the said documents with ROC the director of the company and company both shall be liable for fine and penalty and their may be imprisonment also. companies also requires to file their annual return within 30 days of AGM.