MCA - Corporate Filings
One Person Company Name Format
How to Select Name for One Person Company (OPC)? The company name selection should be done on the basis of the company name structure. The Company name should start with your brand name e.g Hubco is our brand name (Trademark filed). Likewise, in ...
Where to Register Proprietorship Firm
Documents Required for Sole Proprietorship Registration in India Sole Proprietorship is the most accessible form of business done in India since any specific laws don’t govern it. Under sole Proprietorship's, the compliance’s are minimal and easy to ...
How to File MGT 7 for Section 8 Company?
Annual Compliance for Section 8 Companies Every Section 8 company has to carry out the annual compliance tasks listed under the Companies Act, 2013 and Income Tax Act, 1961. This ensures that the company is trustworthy and credible while avoiding ...
One Person Company Vs Sole Proprietorship
One Person Company and Sole Proprietorship One Person Company and Sole Proprietorship do sound similar but function separately. So if you are opening a business and are confused with which firm to go for here is a complete guide for it. What is an ...
Whether Section 8 Company is Private or Public?
All companies in India are not operating for profit purposes. Many companies primarily operate for charitable and non-profit objectives. The company registered under Section 8 of the Companies Act 2013 is known as Section 8 Company. Section 8 ...
Essential Elements of a Partnership Business
The law relating to partnership firm in India is prescribed in the Indian Partnership Act of 1932. This Act lays down the rights and duties of the partners between themselves and other legal relations between partners and third persons, which are ...
Should You Start a Partnership Firm in India?
Partnership firm A Partnership firm is a type of business entity wherein the partners involved agreed to share the profits and losses incurred by the business in a predetermined manner. Additionally, partnership firm registration serves as the right ...
Comparison Between Section 8 Company v/s NGO
Any organization donating its funds to welfare is not considered as profit organization. This includes schools, colleges, religious organizations, hospitals (NGO’s). Before deciding on how to start a NGO in India, it is important to understand the ...
Section 8 Company for CSR Activities
A company can be referred as section 8 company which has get itself registered as charitable or not for profit organization and has obtained certificate of license from Central Government. Nonprofit organizations provide a platform where there can be ...
Partnership firm process and procedure
A Partnership is one of the most important forms of a business organization. A partnership firm is where two or more persons come together to form a business and divide the profits in an agreed ratio. The partnership business includes any kind of ...
Is Section 8 Company A Private Company
In India, Non-Profit organizations can register themselves either under the Trust Act, 1882 or the Societies Registration Act, 1860 or can be registered as company under the Section 8 of the Companies Act, 2013 (previously under Section 25 of the ...
Accounting Limited Liability Partnership
Introduction A limited liability partnership is a combination of both partnership and corporation. It has the feature of both these forms. As the name suggests partners have limited liability in the company which means that the personal assets of the ...
How to register section 8 company in india
NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. An NGO established as Section 8 company under the Companies Act, 2013 (‘Act’) is governed by the Ministry of Corporate Affairs (‘MCA’) whereas the ...
Annual Filings for Limited Liability Partnership (LLP)
Annual filings for Limited Liability Partnership (LLP) For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance. A Limited Liability ...
One person company and its benefits
The structure of the one person company (OPC) in recent times was launched as a refinement of the structure of a sole proprietorship firm. In an OPC, a single promoter gains full authority over the company thereby, restricting his/her liability ...
Some Benefits of Sole Proprietorship Firm
What is meant by a Proprietorship firm? A proprietorship firm means (one person company ) the firm is no different from its proprietor, i.e, the owner. It is not a company so to say that it is not necessary for a proprietorship firm to be registered ...
ISSUING SHARES IN PRIVATE LIMITED COMPANY
When a private limited company is set up, the first shareholder chooses how many shares a private company can issue. But as per the government, there is a minimum requirement, where the company has to issue at least one share in the company. There is ...
12A registration for section 8 company
12A registration is a one-time registration which is granted by the Income Tax Department to trusts and other not for profit organisations. The purpose of the registration is to be exempted from the payment of income tax. 12A registration is ...
Articles of Association Of Section 8 Company
As per the Companies Act, 2013, Section 8 Company refers to a corporation that incentivises arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives. The ultimate objection of registering ...
Compliance for one person company
One Person Company (OPC) is mandatorily required to maintain compliance as per Income Tax Act and Companies Act. Hence, maintaining compliance for a One Person Company mainly includes filing of income tax return with the Income Tax Department and ...
Advantages of limited liability partnership
The following are advantages of incorporating an LLP in India: No requirement of minimum contribution There is no minimum capital requirement in LLP. An LLP can be formed with the least possible capital. Moreover, the contribution of a partner can ...
Limited Liability Partnership v/s Partnership
Partnership Vs Limited Liability Partnership (LLP) Comparison Chart BASIS FOR COMPARISON PARTNERSHIP LIMITED LIABILITY PARTNERSHIP (LLP) Meaning Partnership refers to an arrangement wherein two or more person agree to carry on a business and share ...
Is One Person Company A Private Company
OPC and Private Limited Company are two different business structures governed by the Companies Act. The concept of One Person Company encourages single and enthusiastic entrepreneurs to operate own venture. However, Private Limited Company requires ...
Benefits of Section 8 Company in India
Section 8 companies are similar to Trust or Society except for one factor that is a section 8 company register itself under Central Government’s Ministry of Corporate Affairs. In contrast to, Trust or Societies which gets registered under State ...
How does a Company Issues Equity Shares
How Shares are Issued in India Shares of a company registered in India can be issued to the general public (with SEBI approval) by a Limited Company or can be issued to persons and entities comprising of friends, relatives, business partners, etc., ...
Characteristics of limited liability partnership
Features of Limited Liability Partnership Limited Liability Partnership is yet another form of Business Organization in India but with a bit of difference from other such forms such as Sole Proprietorship, Partnership, Company, etc. LLP is an ...
how to perform a Dormant company compliances?
Concept of Dormant Company Whenever a company is not doing any business activities for a long time period say 1-2 years the first thing which we decide is to close our business and the first option came in our mind is winding up, because no one wants ...
Section 8 Company Registration procedure for social welfare
As per the Companies Act, 2013, Section 8 Company refers to a corporation that aims to incentivize arts, sciences, sports, education, environment preservation, social welfare, charity, or other similar objectives. The ultimate objection of ...
Special Characteristics of OPC Pvt Ltd
Features of One Person Company Member of the Company · First and foremost is that the company shall have only one member. Member is defined as a shareholder or a person who agrees in writing to become a shareholder or the subscriber of MoA who has ...
How Much Shares can a Company Issue?
Shares of a company registered in India can be issued to the general public (with SEBI approval) by a Limited Company or can be issued to persons and entities comprising of friends, relatives, business partners, etc., in case of a private limited ...
Compliances For Company Listed on Stock Exchange
Compliance of Listed Company The listed company has to comply with the provisions of SEBI as well as the companies act, 2013. Following are the provisions that need to have met: Sec 91: Close Register of Members a company can close the register of ...
Characteristics of One Person Private Limited Company
Features of One Person Company Member of the Company · First and foremost is that the company shall have only one member. Member is defined as a shareholder or a person who agrees in writing to become a shareholder or the subscriber of MoA who has ...
Disadvantages of limited liability partnership
Choosing the right business structure for your business is critical for its success. As any error in that matter can make or break your business, you should weigh all the pros and cons before making any decision. Indian legal system offers a wide ...
Technical Guide on Accounting for CSR Activities
Monitoring of CSR activities and its reporting is mandatory as per the Companies (Company Social Responsibility Policy) Rules 2014. According to the United Nations Industrial Development Organization, Corporate Social Responsibility (CSR) is a ...
How Many Members can be there in a One Person Company
In a one-person company as the name suggest one person is there as a member. It is a private limited company and has to fulfill all the complexities of a private company as specified in the companies act,2013. Created & Posted By Aashima Accounts ...
Meaning & Process of Statutory Audit In India
Meaning of a Statutory Audit A statutory audit is a legally required check of the accuracy of the financial statements and records of a company or government. A statutory audit is intended to determine if an organisation delivers an honest and ...
How To Register One Person Company
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 ...
Limited Liability Partnership Documents
Documents Required for LLP Registration Limited Liability Partnership (LLP) is a relatively new business entity introduced in India through the LLP Act, 2008. LLPs are most popular amongst small businesses. With the recent relaxation of FDI rules ...
One Person Company shall hold its AGM
In India One Person Company is the modern form of business which is proposed by the Companies Act, 2013. It is a hybrid structure which combines most of the benefits of a sole proprietorship and a company from of business. Therefore it does away with ...
One Person Company Meaning & Advantages
A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Company, a minimum of 2 Directors and 2 Members are required whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 ...
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