Registration Arena

Ordinary Resolution vs. Special Resolution A resolution is a formal means by which a company record decisions made during a meeting of its members. Most decisions that affect a company are required to be made through a resolution. Additionally, the company's Articles of Association, which serve as its constitution, may contain specific provisions outlining which decisions must be made through a resolution. Ordinary Resolution An ordinary resolution is one that has more votes in favor than against it, with a majority of over 50% of the members, including shareholders or directors, who attend the General Meeting either in person or by proxy. The resolution can be passed by a show of hands, polling, or electronically. Proper notice of the meeting must be given to members, and those who do not participate in voting are not considered. Typically, an ordinary resolution is required to conduct routine business at the Annual General Meeting (AGM). Ordinary resolutions are required f...

FAQ on Nidhi Company Registration How much time is required for setting up a Nidhi company in India? The registration process for a Nidhi company in India typically takes 7-12 days to complete and requires two approvals from government bodies - Name Approval and Final Approval. However, the duration may vary depending on the workload of the Central Registration Centre (CRC) under the Ministry of Corporate Affairs (MCA). Is physical presence necessary during this process? No, Nidhi company registration is a completely online process. All the required documents are filed electronically, so physical presence is not necessary at all. You would just need to send us scanned copies of all the required documents & forms. Who can be a member of a Nidhi Company? Any individual can become a member/shareholder of a Nidhi limited company including foreigners/NRI. However, such a person must be 18+ above in terms of age and should have a valid PAN card. What is the status of Nidhi Com...

  Procedure for shifting of registered office from one state to another What is a ‘Registered Office’? The registered office of a company is its principal place of conducting business as prescribed under Section 12 of the Companies Act, 2013. Promoters decide where the registered office of the company will be situated. All governmental communications with a business are made through its registered office. The state in which the registered office is situated is mentioned in the ‘situation clause’ of the Memorandum of Association. Rules for disclosing Registered Office According to Section 12 of the Companies Act, 2013, companies are required to have a registered office either at the time of starting their business or within 30 days of incorporation. The current regulations also require companies to declare their registered office during incorporation. If a company changes its registered office after incorporation, it must inform the Registrar of Companies within 15 days of th...