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on May 08 2024 at 02:37 PM public

Striking-off removes your company's legal existence. Inactive for 2 years, no capital, closed bank accounts, and settled liabilities are prerequisites. After shareholder consent and necessary filings, your company can be officially struck-off. ⚖️📝
Details here 🔗https://www.setindiabiz.com/learning/difference-between-winding-up-and-striking-off-a-company
#CompanyStrikingOff #LegalCompliance #Setindiabiz

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on May 08 2024 at 02:36 PM public

Non-compliance post-incorporation can spell disaster for companies. Fines, operational hurdles, and even closure are potential outcomes. Beyond financial strain, it erodes trust, damages reputation, and hampers growth. Professionals risk personal liability. Stay compliant for sustained success. 👩‍💼💼
Details here 🔗https://www.setindiabiz.com/learning/post-incorporation-compliance-private-limited-company
#CorporateGovernance #ComplianceMatters #Setindiabiz

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on May 07 2024 at 03:37 PM public

🌐 Appointing foreign directors in Indian companies is crucial for governance. Here's a quick guide: Obtain Director Identification Number, provide eligibility declaration, consent, and get approval at the general meeting. 📝
Details here 🔗https://www.setindiabiz.com/learning/foreign-nationals-director-in-indian-company
#CorporateGovernance #CompaniesAct #Setindiabiz

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on May 07 2024 at 03:35 PM public

🔍 Appointing the first auditor for a company is a detailed process: shortlist auditors, obtain consent, hold a Board Meeting for appointment, notify the auditor, and file Form ADT-1 with the Registrar of Companies. Ensures compliance and clarity. 📝
Details here 🔗https://www.setindiabiz.com/learning/appointment-of-first-auditor-of-company
#AuditorAppointment #Compliance #Setindiabiz