Since we will not be meeting face to face, it is important to set out the terms of the agreement clearlyin advance.
If you have any queries about My Companywala, please do not hesitate to contact us. In this agreement, we have referred to the My Companywala service as the "service", to you as the "user" and to our agreement as the "agreement".
If you wish to use the My Companywala’s services, you affirm that you are more than 18 years of age and are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties consequent to the creation of the documents, and are aware of the same. Kindly call us for further assistance.
1. My Companywala is not intended to be a source of advertising or solicitation and the contents of the website should not be construed as legal advice.
2. Specifically, My Companywala does not provide any avenue for solicitation.
3. My Companywala does not provide Legal Advice.
The information provided in the ‘FAQs’ or learning centre or by any other way does not amount to legal advice, such merely being commonly asked queries about tax planning’s, company incorporations, structure design, accounting and other services. Users are advised to consult a professional if they need specialized guidance on any of these services.
Except as otherwise provided, you acknowledge and agree that you have no right to modify, edit, copy, reproduce, create derivative works of, reverse engineer, alter, enhance or in any way exploit any of the Forms in any manner, except for modifications in filling out the Forms for your authorized use.Reselling or distributing without permission amounts to a violation of My Companywala’s exclusive copyright and is liable to prosecution.
4. Disclaimer of representations by users
My Companywala makes no representation, guarantee, or warranty (express or implied) as to the legal ability, competence, or quality of representation which may be provided by any of the professionals or professional firms which are associated with or through this site or any affiliate thereof
Name availability application on the website are for the convenience of the user only. It does not guarantee that the specific name which has been entered by the user and which has been shown available to the user by the website will be assigned to the user only. That specific available name should be subject to the Ministry of Corporate Affairs approval only.
The users of My Companywala are granted a nonexclusive, limited right to access and use the service in accordance with the rules that are described in this contract. In order to keep this system attractive and useful for all users, it is important that users follow the rules of the system. My Companywala reserves the right to deny further access to its service to any user who violates these rules, is the subject of complaints by other My Companywala users or for any other reason.
Users engaged in any of the following activities on our system will not be tolerated: Foul or otherwise inappropriate language. Racist, hateful, or otherwise offensive comments. Promote or provide instructional information about illegal activities, or promoting physical harm or injury against any group or individual.
Defame any person or group which includes people of all ages, races, religions, and nationalities.
Violate the rights of another, including but not limited to the intellectual property rights of another. This includes using the service for acts of copyright, trademark, patent, trade secret, or other intellectual property infringement, including but not limited to offering pirated computer programs or links to such programs, information used to circumvent manufacturer-installed copy-protect devices, including serial or registration numbers for software programs, or any type of cracker utilities (this also includes files which are solely intended for game emulation).
Violate Internet standards.
Use the service for displaying harassing, abusive, threatening, harmful, vulgar, obscene, or tortuous material or invading other's privacy.
Interfere with or disrupting the service or servers or networks connected to the service by posting advertisements or links to competing services, transmitting "junk mail", "spam", "chain letters", or unsolicited mass distribution of e-mail.
Compromise the security of the service My Companywala provides. Please do not try to gain access to system areas private to My Companywala, or to other users.
At various locations on the Site, My Companywala may permit visitors to post reviews, comments, and other content (the "user content"). My Companywala is not the publisher or author of such user content. It only stores and disseminates the ideas and opinions that My Companywala members may choose to post and distribute as user content. My Companywala disclaims all responsibility for this content. If any offending material is brought to the notice of My Companywala, it will be deleted as soon as is possible. Whether such material is indeed offending will be finally be left to the discretion of My Companywala.
Limitations on Use
The contents of My Companywala are for personal use only and not for commercial exploitation. You may not decompile, reverse engineer, disassemble, rent, lease, loan, sell, sublicense, or create derivative works from My Companywala. Nor may you use any network monitoring or discovery software to determine the site architecture, or extract information about usage or users. You may not use any robot, spider, other automatic device, or manual process to monitor or copy the contents without taking prior written permission from My Companywala. You may not copy, modify, reproduce, republish, distribute, display, or transmit for commercial, non-profit or public purposes all or any portion of My Companywala, except to the extent permitted above. You may not use or otherwise export or re-export My Companywala or any portion available on or through My Companywala in violation of the export control laws and regulations of India. Any unauthorized use of My Companywala or its content is prohibited.
My Companywala makes every effort to maintain the confidentiality of any information submitted by users to our system and our database of lawyers. The user is however warned that the use of the internet or e-mail for confidential or sensitive information is susceptible to risks that inevitably arise on this medium.
The user agrees that My Companywala is not responsible for any harm that his/her use of this service may cause. The user agrees to indemnify, defend, and hold My Companywala harmless from and against any and all liability and costs incurred in connection with any loss, liability, claim, demand, damage, and expenses arising from or in connection with the contents or use of the service. The user agrees that this defense and indemnity shall also apply to any breach by the user of the agreement or the foregoing representations, warranties and covenants. The user further agrees that this defense and indemnity shall include without limitation lawyer fees and costs. The user also agrees that this defense and indemnity shall apply to My Companywala, its founders, officers and employees. My Companywala reserves the right, at its own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by the user and the user shall not in any event settle any matter without the written consent of My Companywala.
Communications and Other Data
My Companywala is not responsible for any loss of data resulting from accidental or deliberate deletion, network or system outages, backup failure, file corruption, or any other reasons.
We do not assume any liability for any content posted by anyone on our website or through any e-mail communication.
License of your contents to My Companywala
By uploading content to or submitting any materials for use on My Companywala, you grant (or warrant that the owner of such rights has expressly granted) My Companywala a perpetual, royalty-free, irrevocable, non-exclusive right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from and distribute such materials or incorporate such materials into any form, medium, or technology now known or later developed. My Companywala however gives an assurance that any information of a sensitive nature will not be intentionally disclosed and revealed to any third party.
My Companywala Proprietary Rights
Except as expressly provided in these terms and conditions, nothing contained herein shall be construed as conferring any license or right, by implication, estoppels or otherwise, under copyright or other intellectual property rights. The user agrees that the content and Web Site are protected by copyright, trademark, service marks, patents or other proprietary rights and laws. The user acknowledges and agrees that the user is permitted to use this material and information only as expressly authorized by My Companywala, and may not copy, reproduce, transmit, distribute, or create derivative works of such content or information without express authorization. The user acknowledges and agrees that My Companywala can display images and text throughout the Service. Users cannot extract and publish any information from the system, either electronically or in print, without the permission of My Companywala and the permission of all other concerned parties. This is not a complete list - other things on the system are also My Companywala property. Contact My Companywala before copying anything from the system with plans of reproducing it or distributing it.
Linking to My Companywala.in
Users are welcome to provide links to the homepage of My Companywala, provided they do not remove or obscure, by framing or otherwise, any portion of the homepage and that you discontinue providing links to the site if requested by My Companywala.
My Companywala may contain advertising and sponsorship. Advertisers and sponsors are responsible for ensuring that material submitted for inclusion on My Companywala is accurate and complies with applicable laws. My Companywala will not be responsible for the illegality of or any error or inaccuracy in advertisers' or sponsors' materials. Registration
Certain sections of My Companywala may require you to register. If registration is requested, you agree to provide My Companywala with accurate and complete registration information. It is your responsibility to inform My Companywala of any changes to that information. Each registration is for a single person only, unless specifically designated otherwise on the registration page. My Companywala does not permit a) any other person using the registered sections under your name; or b) access through a single name being made available to multiple users on a network. You are responsible for preventing such unauthorized use. If you believe there has been unauthorized use, please notify My Companywala immediately by contacting us. If we find that unauthorized use is being made of My Companywala and the services we provide, the right of any or many users may be terminated.
Errors and Corrections
My Companywala does not represent or warrant that the service will be error-free, free of viruses or other harmful components, or that defects will be corrected. My Companywala may make improvements and/or changes to its features, functionality or service at any time.
Third Party Content
Third party content may appear on My Companywala or may be accessible via links from My Companywala. My Companywala is not responsible for and assumes no liability for any mistakes, misstatements of law, defamation, slander, libel, omissions, falsehood, obscenity or profanity in the statements, opinions, representations or any other form of information contained in any third party content appearing on My Companywala. You understand that the information and opinions in the third party content is neither endorsed by nor does it reflect the belief of My Companywala.
My Companywala reserves the right to investigate complaints or reported violations of the Agreement and to take any action My Companywala deems appropriate including but not limited to reporting any suspected unlawful activity to law enforcement officials, regulators, or other third parties and disclosing any information necessary or appropriate to such persons or entities relating to user profiles, e-mail addresses, usage history, posted materials, IP addresses and traffic information.
Remedies for Violations
My Companywala reserves the right to seek all remedies available at law and in equity for violations of the Agreement, including but not limited to the right to block access from a particular Internet address to My Companywala and its features.
Severability of Provisions
My Companywala may change the agreement at any time. The user will be responsible for checking the Terms and Conditions before use. Use of the service after the change will indicate acceptance of the new terms and conditions. Modifications to Service
My Companywala reserves the right to modify or discontinue, temporarily or permanently, the service with or without notice to the user. The user agrees that My Companywala shall not be liable to the user or any third party for any modification or discontinuance of the service. The user acknowledges and agrees that any termination of service under any provision of this agreement may be effected without prior notice, and acknowledges and agrees that My Companywala may immediately delete data and files in the user's account and bar any further access to such files or the Service.
Disclaimer of Warranties and Limitation of Liability
A great danger for My Companywala, and for all operators of online systems, is that we might be held accountable for the wrongful actions of our users. If one user libels another user, the injured user might blame us, even though the first user was really at fault. If a user uploads a program with a computer virus, and the other users' computers are damaged, we might be blamed even though a user left the virus on our System. If a user transmits illegal or improper information to another user, we might be blamed even though we did nothing more than unknowingly carry the message from one user to another. Accordingly, we need all users to accept responsibility for their own acts, and to accept that an act by another user that damages them must not be blamed on us, but only on the other user.
Although it is the goal of My Companywala to provide users with reliable and quality systems, we may make mistakes or experience system failure from time to time. Such problems are inevitable in operating a system of this size. We would not be able to make this system available to users if we had to accept blame or financial liability for any usability problems, system failures or errors, or mistakes or damages of any kind. In order to continue offering and improving our service, My Companywala must deny any warranties on this service and state that our liability for any problems connected with the use of our system or any communication through My Companywala is strictly limited to the amount paid to My Companywala by the user.
Disclaimer of Warranties
The user expressly agrees that use of the service is at the user's sole risk. The service is provided on an "as is" and "as available" basis. My Companywala expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement. My Companywala makes no warranty that the service will meet a user's requirements, that the service will be uninterrupted, timely, secure, or error-free; nor does My Companywala make any warranty as to the results that may be obtained from the use of the service or as to the accuracy or reliability of any information obtained through the service or that defects in the software will be corrected. My Companywala makes no warranty regarding any goods or services purchased or information obtained through the service or any transactions entered into through the service.
No advice or information, whether oral or written, obtained by the User from My Companywala shall create any warranty not expressly stated herein.
Limitation of Liability
The user agrees that My Companywala shall not be liable for any direct, indirect, incidental, special or consequential damages resulting from the use or the inability to use the service or for the cost of procurement of substitute goods and services or resulting from any goods or services purchased or obtained or messages received or transactions entered into through or from the service or resulting from unauthorized access to or alteration of user's transmissions or data, including, but not limited to damages for loss of profits, use, data or other intangibles, even if My Companywala has been advised of the possibility of such damages. The user further agrees that My Companywala shall not be liable for any damages arising from interruption, suspension or termination of service, including, but not limited to direct, indirect, incidental, special, consequential or exemplary damages, whether or not such interruption, suspension or termination was justified, negligent, intentional or inadvertent. Arbitration
Any controversy or claim arising out of or relating to this Agreement or My Companywala services shall be settled by binding Arbitration in accordance with laws of India. Any such controversy or claim shall be arbitrated on an individual basis, and shall not be consolidated in any arbitration with any claim or controversy of any other party. Any other dispute or disagreement of a legal nature will also be decided in accordance with the laws of India, and the Courts of Haryana shall have jurisdiction in all such cases.
This Site is owned and operated by My Companywala. All right, title and interest in and to the materials provided on this Site, including but not limited to information, documents, logos, graphics, sounds and images (the "Materials") are owned by My Companywala. Except as otherwise expressly provided by My Companywala, none of the materials may be copied, reproduced, republished, downloaded, uploaded, posted, displayed, transmitted or distributed in any way and nothing on this Site shall be construed to confer any license under any of My Companywala's intellectual property rights, whether by estoppel, implication or otherwise. Contact us if you have any questions about obtaining such licenses. My Companywala does not sell, license, lease or otherwise provide any of the materials other than those specifically identified as being provided by My Companywala. Any rights not expressly granted herein are reserved by My Companywala.
This agreement constitutes the entire and whole agreement between user and My Companywala, and is intended as a complete and exclusive statement of the terms of the agreement. This agreement shall supersede all other communications between My Companywala and its users with respect to the subject matter hereof and supersedes and replaces all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter. If at any time you find these Terms and Conditions unacceptable or if you do not agree to these Terms and Conditions, please do not use this Site. We may revise these Terms and Conditions at any time without notice to you. It is your responsibility to review these Terms and Conditions periodically.
By using My Companywala services or accessing the My Companywala site, you acknowledge that you have read these terms and conditions and agree to be bound by them.
You agree to defend, indemnify and hold harmless My Companywala, our officers, directors, shareholders, employees and agents from and against any and all claims, liabilities, damages, losses or expenses, including reasonable attorneys' fees and costs, arising out of or in any way connected with your access to or use of the site and the materials.
We always move each other to ensure we're giving you the best administration we can. Does it work for you? Does it work for us? It is safe to say that you are getting more than you anticipated? Just when the appropriate response is yes, are we glad.
We can't offer an incentive to all unless we believe in our frameworks and procedures. We should make certain that all that we do, including our recommendation to you, considers late enactment and practice. We accomplish this through customary expert preparing for our kin and free 'best practice' surveys.
Quality vital to an effective working relationship. We have set up measures to guarantee that our groups utilize similar procedures, materials and specialized information and are in normal correspondence. It implies that regardless of who you address, which office you call or what day of the week it is, you can be sure you'll generally get a similar affair.
Through best practice and consistency, we make progress toward flawlessness. In any case, there's dependably opportunity to get better. That is the reason we'll generally request your criticism and utilize it to improve one year from now's work even. We're not in the propensity for stopping.
LIST OF STATUTORY COMPLIANCES FOR COMPANIES IN INDIAA set of Statutory compliances are needed to be followed by the established companies in India.The non-compliance on national and state levels increased the legal complications in the form of heavy penalties and fees. Plenty of time and resources a...... Read More
Annual Compliance for Private Limited CompanyA Private Company is a corporate held under private ownership which requires regular filing with the Ministry of Corporate Affairs. For every organization it is obligatory to file an yearly return and audited financial statements including profit and loss...... Read More
Annual Compliance for One Person CompanyIn countries like India where entrepreneurship is highly encouraged. One Person Company is one of the most leading forms of business for entrepreneurs whose business lies in an early stage with an intention to grow in future. A One Person Company comprises one...... Read More
Annual Compliances for LLP A Limited Liability Partnership is a separate legal entity. In order to preserve active status and to avoid default status. A regular filing with MCA is required to be taken care by all Limited Liability partnerships. Annual Compliance for any LLP is obligatory...... Read More
Once an application is filed for striking off of company with the respective Registrar of Companies (ROC) after verifying the documents the RoC will strike off the name of company and this procedure normally takes 3-4 month. However, if any objection is received from ROC this process might take extra time or even reject the application. Disclaimer: – The above article is prepared keeping all the significant and fundamental inquiry which comes at the top of the pri...... Read More
Certified true copy of board resolution for authorisation given for filing this application.Registered Digital Signature Certificate of director for signing the form.Memorandum of association of the CompanyArticle of Association of the Company.Proof of identity (PAN Card/Aadhar Card/Voter ID card).Residence proof (Passport/Driving License/Voter ID Card)Statement of account duly certified by a chartered accountant.Affidavit in Form STK-4 and Indemnity bond in Form STK-3 duly notarised...... Read More
The procedure is extremely easy and is completed step wise:- 1. Call a board meeting in accordance with the Secretarial standards and Companies Act 20132. Convene Board meetingto pass the following resolutions:-To take note of statement of accountsTo authorise directors to sign the Indemnity Bond and Affidavits as per Form STK-3 and Form STK-4 respectively.To authorise a director to digitally sign the application in e-Form STK-2.To fix the day, date, time and venue...... Read More
MGT-14 has normal associated fees in accordance with the authorized share Capital of the Company. STK-2:- INR 10,000/-......
Two e-forms are required for striking off of company:- a) MGT-14 b) STK-2......
Yes. Member’s approval is required through Special resolution for striking off company ......
has made an application to the Tribunal for the sanctioning of a compromise or arrangement and the matter has not been finally concluded;has engaged in any activitythe company at any time in the previous 3 months:- has changed its name or shifted its registered office from one State to another; ...... Read More
The company has filed its upto date all the financial statements and annual return with the Registrar of Companies.The company does not have any management disputes or there is no litigation pending with regard to management or shareholding of the company.No order is in operation staying filing of the documents by a court or tribunal or any other competent authority.the company is not a company incorporated for charitable purposes under section 8 of the Companies Act, 2013 or section 25 ...... Read More
A company can get strike off in two ways:- Suo-moto (Voluntary Striking off)By Registrar of Companies ......
Any company can get strike off whether it’s a Private companyOne-person companyPublic company ......
Striking off of company suggests that closing of a non profitable venture company. In different words it's the quickest and easiest method to shut an organization.......
Each organization is begun with a dream to keep up its business continuously, but not all businesses square measure effective since quite an whereas past run. As we have a tendency to as of currently recognize, that there's positive technique to consolidate a company, run a company, in like manner, there's an exact system to shut a company. As on date, there square measure 2 alternative ways to shut a company:- Strike off companyWinding up of company ...... Read More
An issue of bonus shares is referred to as a bonus share issue or bonus issue. A bonus issue is usually based upon the number of shares that shareholders already own. While the issue of bonus shares increases the total number of shares issued and owned, it does not change the value of the company. 1) The source out...... Read More
DEFINITIONOF RIGHT ISSUE ‘Right Issue’ means offering shares to existing members in proportion to their existing shareholding. The object is, of course, to ensure equitable distribution of Shares and the proportion of voting rights is not affected by issue of Fresh shares. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. This type of issue gives existing shareholders securities called rights. ...... Read More
1. Ensure that a special notice for the removal of a director is furnished by number of members in accordance with the section 115 of Companies Act, 2013 to the company at least 14 days before the meeting at which it is to be moved. 2. (a) Ensure that the notice for removal of a director is for a director other than a director appointed by the Tribunal under section 242 of the Companies Act, 2013. &n...... Read More
Introduction- What is sweat equity shares? Sweat equity shares refers to equity shares given to the company’s employees on favorable terms, in recognition of their work. Sweat equity shares is one of the modes of making share based payments to employees of the company. The issue of sweat equity shares allows the company to retain the employees by rewarding them for their services. Sweat equity shares rewards the beneficiaries by giving them incentives in lieu of their contribution tow...... Read More
INTRODUCTION Private placement can be explained as a means of raising capital by the companies without going for public issues. Public Issues like Initial Public Offering and Further Public Opening are means of raising capital by the companies. DEFINITION A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a compan...... Read More
OPC shall be required to convert itself, within six months of the date on which its paid up share capital is increased beyond fifty lakh rupees and the last day of the relevant period during which its average annual turnover exceeds two crore rupees as the case may be, into either a private co...... Read More
Rule 6 of the Companies (Incorporation) Rules, 2014 as amended vide the Companies (Incorporation) Amendment Rules, 2015, w.e.f. 1-5-2015 provides that where the paid up share capital of an OPC exceeds fifty lakh rupees and its average annual turnover during the relevant period exceeds two crore rupe...... Read More
Section 8(4)(a) provides that a company that has received a licence under the section, shall not alter the provisions of its Memorandum as regards its objects except, with the previous approval of the Central Government [Powers delegated to the Registrar of Companies by Notification No. 1353(E), dat...... Read More
The objective of section 8 of the Companies Act, 2013 is to provide special benefits and privileges to such organisations, which are formed for the following purposes and where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be regist...... Read More
By the Companies (Amendment) Act, 2015 effective from 29th May, 2015 the requirement of minimum paid up capital for a private limited company of `1 Lakh and for a public limited company of `5 Lakhs has been removed from the definition of the Companies under section 2(68) and 2(71) of the Companies A...... Read More
It has been provided that the subscriber/member of OPC may at any time change the name of the nominated person by giving notice to the Registrar. It shall be the duty of the subscriber/member of OPC to intimate the company the change, if any, in the name of the person nominated by him by in...... Read More
Any such change in the name of the nominee person in the Memorandum of Association of the OPC shall not be deemed to be an alteration of the memorandum.......
It has been provided that the subscriber/member of OPC may at any time change the name of the nominated person by giving notice to the Registrar. It shall be the duty of the subscriber/member of OPC to intimate the company the change, if any, in the name of the person nominated by him by i...... Read More
The liability of the member of the OPC may be limited or unlimited, and the Memorandum of Association of the OPC shall state,— (i) in the case of a company limited by shares, that liability of its member is limited to the amount unpaid, if any, on the shares held by them; an...... Read More
There is no pre-condition for foreign promoters to furnish local address in India for seeking registration and incorporation of a limited company in India. It was held that there was nothing in the Act or the applicable Rules which requires the foreign promoters to provide a l...... Read More
The digital signatures are required to be registered at the website of the MCA for various category like director, professionals, etc. and need to fill up particulars online at the MCA portal, called roll check. Without complying with the requirement of Roll Check, any documents si...... Read More
The MCA vide the Companies (Amendment) Act, 2017 has inserted new section 3A w.e.f. 9-2-2018, vide Notification No. SO 630(E), dated 9-2-2018 to put liability on all the existing members of the company, in case the company defaults in minimum number of members’ criteria. If at any time the number ...... Read More
Every Form and return prescribed under the Companies Act, 2013 needs to be filed with the digital signature of the managing director or director or manager or secretary of the Company, therefore, it is compulsorily required to obtain digital signatures of at least one director to digitally sign the ...... Read More
As per proviso to section 152(3) of the Companies Act, 2013 no company shall appoint or re-appoint any individual as director of the company unless he has been allotted a Director Identification Number (DIN) under section 154 or such other identification number as the Central Government may prescrib...... Read More
Thanks for your services. The Vishal and his team is really professional. They make sure that things are delivered in time. The best part about My Companywala is the consultative approach and guiding us on all our business matters.
Great Service in affordable package.. Thanks for explaining the entire process of company registration initially..Now i have very clear idea about company.. paid the amount immediately after the explanation given.. My company is registered and thanks for clearing my doubts after registration as well....service was excellent.
Truly Professionalism .. Never expected that online procedure is so easy.. I have at first idea if going to exceptionally rushed process But I altered up my opinion to give an attempt with Mycompanywala...my Company is enrolled extremely fast....they still in contact with me. Continually illuminating my questions.. Much obliged for all you help
It was decent involvement with My Companywala for convenient work also extraordinary help and guidance to begin my business...Great benefits in opportune way and subsequent meet-ups for return recording to spare my money...Thanks Again
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