Every company other than a Government company shall appoint its first auditor within thirty days from the date of registration of the company. Boards of Directors of the company have to do the appointment of first Auditors within the required time.
Company has to issue Share Certificates in Form No. SH-1 and the Certificate must contain the Name of the person to whom it is issued along with his folio number and Number of shares, and its distinctive number and Amount paid on those shares.
There are two types of General Meetings under Companies Act 2013. Annual General Meeting (AGM) and an Extra-Ordinary General Meeting (EGM). A general meeting is usually called by the board of directors by giving proper valid notice. However, in cert..
All business transactions other than ordinary business which requires immediate approval shall be done by convening an EGM. An explanatory statement containing material facts concerning each item of such special business to be passed at the general m..
The share certificate issued to the subscribers is the documentary evidence that the shares are held by them. If the company has a Common Seal, the share certificate has to be issued under the Common seal.