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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 ...
Implications & Objective of Social Audit
The term social audit has been frequently in news. Few Years ago, a Parliamentary Standing Committee on Rural Development had recommended strengthening of comprehensive Grievance Redressal Mechanism, Social Audit from grassroots with periodic reviews ...
How To Make Website Search Engine Optimized?
What is search engine optimization? Search engine optimization (SEO) is the art and science of getting pages to rank higher in search engines such as Google. Because search is one of the main ways in which people discover content online, ranking ...
Lockdown-Like Restrictions Return in Delhi
Lockdown-Like Restrictions Return in Delhi, Yellow Alert Issued Amid Omicron Scare | List of New Curbs Here Delhi Lockdown: Fresh restrictions announced in Delhi amid rising Omicron cases. The government has also sounded a yellow alert to combat the ...
Share transfer procedure in Private Company
The company's shareholding decides the ownership of an individual in the businesses that have private limited company registration. The private limited company interest could be sold to attract new investors or pass control of the company. In this ...
Cloud Based Accounting Software Free
Cloud based Accounting To many, the term "cloud" may feel overused and a little worn out at this point. In reality, the cloud has never been more relevant for SMBs, particularly in the area of accounting. In simple terms, "the cloud" or "cloud ...
Features of Best Cloud Based Accounting Software
To many, the term "cloud" may feel overused and a little worn out at this point. In reality, the cloud has never been more relevant for SMBs, particularly in the area of accounting. In simple terms, "the cloud" or "cloud computing" refers to the ...
Best Website Designing Templates in India
15 Best Website Templates (HTML) for 2022 If you want a website that looks good, functions well, and is affordable to build, then you should consider using an HTML website template from Zoho. These templates are pre-made websites that you just need ...
RBI Compliance for Foreign Subsidiary
A company where 50% or more of its equity shares are owned by a foreign company is a foreign subsidiary company. The foreign company in such case is called the holding company or the parent company. Compliances are based on the company that is ...
Board Resolution for Alteration of MOA
For alteration of any of the clauses of memorandum of association, except the capital clause, consent of members by way of special resolution is required. However, in case of alteration of authorised share capital, consent of members by way of ...
Most Popular Business in India
Most Profitable Business in India 2021 A growing economy like India’s has a world of opportunities for aspiring Indian entrepreneurs. Here are 10 segments that are attracting the most newcomers given their high potential to become a profitable ...
Types of Business in India
Types Of Business Entities In India India has been identified as one of the fastest growing major economies in the world, its service industry being the key contributor. India is going through a phase of extraordinary economic liberation and is ...
Most Popular Business in India
Top 10 Business in India The list of top 10 businesses in India, sorted by the value of the contribution to the Indian economy. No. 10: Textile Industry | Contributes 4% of Indian Economy Textile-Industry No. 9: Tourism Industry | Contributes 6% of ...
What is a Nidhi Company? How it is different from NBFC?
What is a Nidhi Company? It is a company classified as an NBFC (a Non-banking financing company) and registered under Section 406 of Companies Act, 2013. The main business of such a company is to facilitate lending money between the core members of ...
Can i raise funds using a Nidhi Company Registration?
What is Nidhi Company and How it works? Nidhi Companies belong to the Non-banking financial companies structure. Registering a Nidhi Company allows a Nidhi to borrow from its members and lend to the members. Nidhi Companies are registered in India ...
How to Incorporate OPC Company
What is OPC Registration ? An OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understand for a One Person Company. A forward-thinking idea was launched which promotes the incorporation of micro-businesses and ...
How to Improve Your Google Search Rank
10 Google Hacks to Improve Your Search Rank for Free Money alone can’t buy Google rank, but with a little time and strategy you can improve your position on the search engine results page (SERP) without spending a dime. Here are 10 free ways to ...
Why a Business needs a Mobile App
7 Reasons Why Your Business Needs a Mobile App 28 October, 2021 Abhilesh Jha There had been a significant rise in the “Post-PC” products over the last decade. In fact, a survey tells that more than 68% population of the United States owns a ...
Why Website is Important For a Business
Why Website is Important For a Business They say the world is now in our hands and the information is at our fingertips. There are no second thoughts to that. The world of the internet is fantastic. It continues to transform the way we connect with ...
Why Social Media Is Important for Business Marketing
Why Social Media Is Important for Business Marketing? Let’s start with one simple fact: your business needs a social media presence. It doesn’t matter if you run a small local shop or a big national company. Social media is more than just a trend. It ...
Checklist for Incorporation of Foreign Subsidiary in India
Incorporation of Foreign Subsidiary Part B of the SPICe+ form deals with the incorporation of the company. On choosing to proceed after completion of Part A then only incorporation proceedings will start. SPICe+ form contains various columns which ...
Foreign subsidiary under companies act 2013
A foreign subsidiary is an overseas company owned or controlled by a larger enterprise based in another country. Foreign subsidiaries are separate legal entities and must comply with the local jurisdiction law. They’re also responsible for their ...
Foreign Subsidiary of Indian Company
The Companies that are incorporated outside India are known as Foreign Companies. Foreign Company Registration in India There are the following options available for foreign company registration in India. A foreign company planning to set up ...
Investment options for tax saving
As the famous saying goes ‘ A penny saved is a penny earned ‘. Tax planning is one of the ways which can help you save on taxes and increase your income. The income tax act provides deductions for various investments, savings, and expenditures ...
Foreign Subsidiary Consolidation
Consolidation of Foreign Subsidiaries - With Significant Autonomies CONSOLIDATION OF FOREIGN SUBSIDIARY Subsidiary with significant autonomy Every entity should have its functional or home currency – ie, the currency of the economic environment in ...
What is a Foreign Subsidiary? How to register one in India?
In today’s business society and culture, it is not uncommon for aspiring companies to establish some form of office in another country. These representations of a business entity in a foreign country can be branches or subsidiaries. Recently, due to ...
Foreign Subsidiary of Indian Company under Companies Act 2013
Just like all companies and firms located in India and run and managed by Indian entrepreneurs and entities, the subsidiaries of the foreign nationals and companies active anywhere in India are also compulsorily required to make perfect and punctual ...
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