Section 8 companies, i.e., Non-profit organisations (NPO) is quite a famous concept. As the name itself depicts, companies incorporated without any profit motive but are formed with the motive of promotion of arts, environment, sports, science etc. are incorporated under Section 8 of Companies Act.
Often, we hear about a new unicorn making a turnover in millions and contributing to the growth of our country. With the help of overseas funding and IPOs, many businesses have started adopting a company structure. A company right from its incorporation till its winding up has to adhere to the provisions of all applicable laws of Country be it Company law or Income Tax laws or Goods and Service Tax law, etc. Therefore, it becomes essential that business operators must know essential formalities which are to be completed by a company.
Filing of Form LLP-II has become completely online and simple with the introduction of Single Master Form (“SMF”). SFM was introduced with an objective to integrate the reporting structure of various types of Foreign Investment in India.
Dormant companies are required to carry out less compliances as compared to active companies. Further, Status of dormant company can be changed to regular on filing an application with RoC.
OPC is one of the most opted forms of business as it gives all benefits of a private company such as limited liability, separate legal entity, better recognition, legal protections, more market accessibility, credits, etc.
Are you also thinking of taking your private company into a public company or you are confused that whether you should convert your private limited company into a public limited company? Well, this is a big decision
New provisions are provided for physical verification of registered office of companies vide The Companies (Incorporation) Third Amendment Rules, 2022. For this purpose, a new Rule 25B has been inserted into Companies (Incorporation) Rules, 2014.
In this article, you will get a detailed analysis of the new “company name” norms that will be effective from 1st of September 2021.
Doing business outside of India and growing business internationally is an essential part of a company’s business expansion policy. If you as a business enterprise are looking for a way to set up a business outside of India, along with the legal requirements of that country a few of the Indian legislation and statutory requirements have to be kept in mind as well.
Know every thing about what are the advantage of company over partnership or any other forms of businesses registered in India.
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