General
Section 8 Company Limited by Guarantee
Section 8 companies can be formed with or without share capital. In case they are formed without share capital, the necessary funds for carrying the business are brought in form of donations, and subscriptions from members of such a company. The ...
Types & Features of One Person Company
One Person Company(OPC) has the blended features of a sole proprietorship and a private company. OPC is also known as a one-man company. Like a sole proprietorship allows you to own the firm completely, an OPC also has just one shareholder. But ...
Indian Partnership Act, 1932 Explained in Brief
Partnership A partnership is an agreement in which parties, called business partners, agree to collaborate in pursuing their mutual interests. Individuals, companies, interest-based groups, colleges, states, or combinations can be partners in a ...
Requirements for Private Limited Company Registration
Private Limited Company A 'Private Company' is a limited company formed with minimum of 2 Shareholders and 2 Directors. The maximum number of members in a private company is restricted to 200. Shareholders could be individuals, companies or LLPs, ...
ISO Registration and Its benefits for New Businesses
Overview of ISO Certification ISO certificate is a certification that provides standards to the organizations and thus shows the way to innovation and development of trade. ISO Certification is mandatory to form certain standards that ensure products ...
How to Partnership Firm Registration
Partnership Firms Registration 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 ...
Firm Registrations & Compliances Process in India
Why to Register a Company in India? There are many reasons why you might want to register your company. Maybe you're starting a new business and want to ensure that everything is legal and above board. Maybe you've been operating informally and want ...
Sole Proprietorship Registration Timeline
A Sole Proprietorship form of business organisation is where a business is managed by a single person. Generally, it does not require any registration as such. Any individual who wants to start a business with less investment can choose this type of ...
Form 24Q–TDS Return on Salary Payment
Form 24Q – TDS Return on Salary Payment When paying salary to an employee, the employer deducts TDS u/s 192. The employer has to file a salary TDS return in Form 24Q. 24Q is to be submitted on a quarterly basis. Details of salary paid to the ...
How to Start a New Business; Step by Step Guide
How to Start a Business: A Step-by-Step Guide Starting a new small business? Find out where to begin and how to achieve success. You want to make sure you prepare thoroughly before starting a business, but realize that things will almost certainly go ...
How to Revoke GST Cancellation Application if already filed?
Revocation of GST Registration Cancellation The GST Act is comprehensive and covers various situations a taxpayer may face with provisions and procedures. This article looks at the process for revocation of GST registration cancellation order along ...
Trade License Registration process for the State of Maharashtra
Trade License in Mumbai A trade license is a document that authorizes a resident to pursue a trade or business on a particular premise. It is issued in consultation with other specialized departments like fire brigade, health; engineering; estate; ...
Difference between Udyog Aadhaar And Udyam
Difference between Udyog Aadhaar And Udyam Here we have resolved the query on Is Udyog Aadhaar And Udyam registration is same? Read further to know the difference between Udyam and Udyog Aadhaar. The Indian government presented a few businesses ...
What are the Documents Required for FSSAI License?
Documents Required for FSSAI Registration All businesses involved in handling food or food products must obtain FSSAI registration or FSSAI license to ensure the customers that the food prepared is safe and hygienic to consume. The procedure for ...
Food License Documents & Registration criteria
Documents Required for FSSAI Registration All businesses involved in handling food or food products must obtain FSSAI registration or FSSAI license to ensure the customers that the food prepared is safe and hygienic to consume. The procedure for ...
Food License registration for state of Uttar Pradesh
Uttar Pradesh FSSAI Registration Food Safety and Standards Authority of India (FSSAI) is a self-governing body under the Foods Safety and Standards Act, 2006. FSSAI Registration is a 14-digit registration number that is used by food-related ...
Cancellation of registration under GST-Why & How?
Cancellation of registration under GST- Why & How? In case you want to cancel your GST registration because GST does not apply to you or you are shutting down your business or profession, or the tax officer calls for cancellation, this article will ...
Which DSC is used for Import Export Code?
How Digital Signature will be helpful for IEC Registration? The Directorate General of Foreign Trade (DGFT) is the body of the Ministry of commerce and industry of the Government of India, regulating the business operation of the Indian entities in ...
Memorandum Of Association for Section 8 Company
There are so many Rules for drafting the Memorandum of Association of Section 8 Company that must be complied with; below is the draft Memorandum of Association for Section 8 company. MEMORANDUM OF ASSOCIATION OF (Name of Company to be written here ...
How to transfer Proprietorship Firm to another person?
A sole proprietorship business is the easiest form of business to start, but it can be one of the most complicated to sell to another party. Starting a sole proprietorship business involves no formal paperwork and no separate income tax return since, ...
Memorandum of Association for Section 8 Company
Form No. INC-13 Memorandum of Association [Pursuant to rule 19(2) the Companies (Incorporation and Incidental) Rules, 2014]. MEMORANDUM OF ASSOCIATION OF —————————- FOUNDATION 1. The name of the company is: “————–FOUNDATION”. 2. The Company's ...
Partnership Firm Bank Account Opening Process
A Partnership Firm is an association of persons for the purpose of undertaking business for profit. Partnership firms can be registered or unregistered. Unregistered partnership firms can be established even though an oral contract or by entering ...
Partnership Firm Audit Limit & Applicability
Partnership Firm Audit Limit It is highly recommended that every partnership firm should go for an audit of its accounts. Although no compulsory audit is provided by the Indian Partnership Act 1932, most partnership firms get their accounts audited ...
When is Audit Applicable for Partnership Firm?
Tax Audit For Partnership Firm Tax Audit for partnership means to Examine the books of accounts maintained by partnership firm & verify the accurateness of the income earned & deduction claimed by the Firm in the Income-tax returns. Tax audit for FY ...
Partnership Firm Registration Fees
Partnership Firm Registration Fees While there are no statutory fees to register a Partnership Firm in Delhi, you will need to pay professional fees and stamp duty for the following; The stamp duty of the paper on which the Partnership Deed is ...
Minimum Number of Directors in Section 8 Company
In India, a non–profit organization, which is often known as NGO, can be registered as a Company under Section 8 of the Companies Act, 2013 and it can also be registered as a Trust and a Society Section 8 Company format of an NGO is the most popular ...
How to Close Section 8 Company
How can we close a Section 8 Company? Companies registered under Section 8 can close their company by surrendering their license to operate as charitable companies. Such license can be surrendered by converting the company into a normal company other ...
Incorporation of Section 8 Company
Incorporation 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 ...
How to Incorporate Section 8 Company?
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 ...
Main Object of Section 8 Company for Education
Section 8 Company is registered for the purpose of Charitable or non-profitable purposes. It is licenced under section 8 of the company act,2013. The main objective of the company is for promoting research, social welfare, religion, charity, ...
What are the characteristics of a Section 8 COmpany?
Section 8 of Company Act 2013 Companies registered under Section 8 of the Companies Act, 2013 (the Act) are unique to the extent that they are specifically formed with an object to promote commerce, arts, science, sports, education, research, social ...
Difference Between One Person Company and Sole Proprietorship
The corporate laws in India got revolutionized by The Companies Act, 2013, introducing various new concepts that were non-existent previously. The introduction of the concept of One Person Company was one of the game-changers. A whole new way of ...
Section 8 Company & its salient features
Companies registered under Section 8 of the Companies Act, 2013 (the Act) are unique to the extent that they are specifically formed with an object to promote commerce, arts, science, sports, education, research, social welfare, protection of ...
Disadvantages of One Person Company
Disadvantages of OPC Suitable for only Small Business OPC is suitable for small business structures. The maximum number of members the OPC can have is one at all times. More members or shareholders cannot be added to OPC to raise additional capital. ...
How to Appoint One Person Company Nominee?
One person company is a type of company introduced by the Companies Act, 2013 that has one person as a shareholder and director. One person company is similar to a private limited company, and the name of a one-person company always ends with the ...
One Person Company Registration Documents
SPICe OPC Incorporation Filing Process is an integrated single point application for Reservation of Company Name, Allotment of DIN for Director(s) and Incorporation of a New Company along with allotment of Permanent Account Number (PAN) and Tax ...
Advantages of One Person Company
Advantages 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 ...
Registration of 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 ...
What is meant by Limited Liability Partnership?
A new trend observed late is that more and more entrepreneurs have started opting for Limited Liability Partnerships. But What is a Limited Liability Partnership? Before answering this question, we’ll explain the reasons behind the emergence of ...
what are the new type of business in India ?
1. Best Business In India If you're planning to start a business in India and looking out for some profitable business ideas then you're at the right place! After the COVID-19 pandemic, there has been a drastic change in user behaviour and ...
Next page