DEFINATION OF COMMERCIAL SERVICES
A "change of director" refers to the process or event in which there is a modification or alteration in the individuals who hold positions as directors on the board of a company or organization. Directors are responsible for making key decisions, providing oversight, and guiding the strategic direction of a company.
Change in partner" typically refers to a situation where a person undergoes a shift or alteration in business partner. This change can take various forms, such as ending one partnership and entering into a new one, or experiencing a transformation in the dynamics and roles within an existing partnership. It often implies a significant shift in the nature of the relationship and the individuals involved
A "change in office address" refers to the relocation or movement of a company or organization from one physical location to another. This could involve moving to a different building, street, city, or even state. Such changes are often prompted by various factors, including expansion, cost considerations, strategic reasons, or the need for a more suitable location.
A Change in Director Identification Number (DIN) refers to the process of making alterations or updates to the personal information, particulars, or status of an individual's DIN in a company. A DIN is a unique identification number assigned to individuals who hold or wish to hold directorship in companies registered in India.
The "transfer of shares" refers to the process of changing ownership of company shares from one individual or entity to another. Shares represent ownership stakes or equity in a company. When someone wants to sell their shares or when shares are gifted, inherited, or otherwise transferred to a different person or entity, this is known as a share transfer.
"DIN application" refers to the process of applying for a Director Identification Number (DIN). DIN is a unique identification number assigned to individuals who wish to become directors of companies in many countries, including India. It is a vital requirement for corporate governance and regulatory compliance.
The act of designating a qualified and independent auditor or auditing firm to assess and verify the financial statements, transactions, and records of a company or organization. Auditor appointment is typically made by the company's shareholders, board of directors, or relevant regulatory authorities, and it is an essential part of ensuring financial accountability and compliance with auditing standards and regulations.
The DIN KYC process involves directors providing updated personal and contact information, along with supporting documents, to ensure that their identities are verified and up-to-date. This helps regulatory authorities and the company itself maintain accurate records of directors.
DIN Surrender, also known as the surrender of Director Identification Number (DIN), is a process through which an individual voluntarily gives up their DIN when they no longer wish to hold the position of a director in any company. Director Identification Number (DIN) is a unique identification number assigned to individuals who serve as directors of companies registered in India.
Increasing authorized capital refers to the process by which a company, typically a corporation, raises the maximum amount of capital it can issue to its shareholders. Authorized capital is also known as "nominal capital" or "registered capital," and it represents the maximum value of shares that a company is legally allowed to issue to its shareholders. Here is an overview of the increase in authorized capital:
Increasing paid-up capital refers to the process by which a company raises additional capital by issuing more shares to its shareholders, thereby increasing the total amount of capital contributed by the shareholders. Paid-up capital represents the portion of authorized capital that shareholders have actually paid for in exchange for shares.
Form INC-20A is a document filed with the Registrar of Companies (RoC) in India, and it is related to the commencement of business by a newly incorporated company. The form serves as a declaration to confirm that the company has received the minimum paid-up capital required for starting its business operations.