Archives: Services

Conversion of Proprietorship firm to Partnership Firm: Overview The conversion of a proprietorship into a partnership firm is a strategic business decision that involves transitioning from a sole proprietor-owned structure to a business entity with multiple partners. This conversion process is typically governed by the Partnership Act, and specific procedures need to be followed. Process:… Continue reading Proprietorship to Partnership

Conversion of Company from Partnership to LLP: Overview The conversion of a company from a partnership to a Limited Liability Partnership (LLP) is a legal process that provides the partnership with the benefits of limited liability, separate legal entity status, and flexibility in management. This conversion is regulated by the Limited Liability Partnership Act, 2008.… Continue reading Partnership To LLP

Process of Changing Address of the Company: Overview Changing the registered office address of a company is a significant step that involves legal procedures and compliance with regulatory requirements. The process ensures that the company’s official address is accurately reflected in the records, and all stakeholders are duly informed. Documents Required: The documents required for… Continue reading Registered Office Change

What is Authorized Capital? Authorized Capital, also known as Nominal Capital or Registered Capital, refers to the maximum amount of capital that a company is authorized to issue to its shareholders. It represents the upper limit of funds that a company can raise through the issuance of shares. The Authorized Capital is mentioned in the… Continue reading Authorised Capital Change

Election of Directors by Companies Act 2013: Directors are appointed through Articles of Association (AOA) or Section 152 of the Companies Act 2013, where memorandum subscribers become company directors. According to the Act, different types of directors include those based on paid-up capital, independent directors, small shareholders’ nominees, resident directors, and others. Removal of Director:… Continue reading Director Appointment /Cessation

REASONS FOR CHANGING A COMPANY NAME: Voluntary Change: The company board may decide to change the name voluntarily, subject to fulfilling necessary conditions. Change in Business Activity: A change in business activities may prompt a name change to reflect new or additional business objectives. The Memorandum of Articles should also be updated to reflect this… Continue reading Name Change Of Company

Payment of Gratuity Act, 1972 Gratuity Act refers to the Payment of Gratuity Act, 1972, a legislation enacted in India to provide employees with a retirement benefit called gratuity. Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their long and meritorious service. Eligibility: Claim… Continue reading Gratuity act

At The Lawtech, we specialize in providing comprehensive services related to the Payment of Bonus Act, ensuring that employers comply with the legal requirements and employees receive their rightful share of annual bonuses. Our team of experts is well-versed in the intricacies of the Act, offering a range of services to facilitate a smooth and… Continue reading Payment of bonus act