1. The Name Reservation Period is of 20 days from the Date of Aproval by ROC instead of 60 days.
2. The Company can issue Sweat equity shares at any point of Time.
3. The AGM of unlisted company can be Conducted at any place all-over the India subject to
approval of Members either by Writing or through Electronic Mode.
4. The EGM company (except wholly owned subsidiary of a company) incorporated outside India can
be Conducted at any place all-over the India.
5. Partneship Firm or LLP even with the 2 Partners can be converted into a Company.
6. The Approval of Central Government for payment of remuneration in excess of 11% of net profits
is not required.
7. The company isnot allowed to utilise moniesraised by private placement without filing Form
PAS- 3 with ROC. 8. The Approval of members in the immediate next general meeting is mandatory in case of
appointment of director in case of casual vacancy by BOD.
9. For calculating the limit of directorships in twenty companies, the directorship in the dormant
company is not included. 10. The Members approval by Special Resolution for Borrowing Money is Required if it is more than
Paid-up Share Capital + Free Reserves + securities premium. 11. The Ratification of appointment of auditors by members at every AGM is not at all required.
12. Form. MGT-9 i.e. extract of annual return in the Board Report is not Required. The Website link
of Annual Return shall be Provided in the Board Report.
13. Section 93 (Return to be filed with Registrar in case of Promoters stake changes) and Form
MGT-10 isOmitted. 14. The Definition of Interested Director isomitted. (Section 2 (49)).
15. In case of Incorporation of Company, the declaration by each subscriber will be required to
attach instead of affidavit.
16. Form PAS-3 in case of Private Placement should be filed within 15 days to ROC instead of 30
days.
17. Form DIR-11 for Resignation of Director is optional.
18. Section 194 i.e. Prohibition on forward dealings in securities of company by director or key
managerial personnel is Omitted.
19. Section 195 i.e. Prohibition on insider trading of securities is Omitted.
20. The Company shall have registered office of the Company within 30 of its incorporation instead
of 15 days.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway
