The deed made should be on a stamp paper in agreement with the Indian stamp act and each partner should have a copy of the deed.

The government of India under the Income Tax Act, 1961 made PAN generation obligatory for individuals and any form of entity while the payment of counterpart in India.

Can a government servant, start his/her own company?

Being in want for a prompt, economical and Volant dispute resolution procedure which is aided by the developing technology of the country and various economic liberalization policies, lead to the changes in the arbitration act which has been now brought into force with the hope of making India a preferred seat of arbitration because of the dampening of the old resolution system for the small and medium scale businesses who are in a fight with the large companies, business or firms.

The company registration process in India goes through a number of steps and only then the company is provided with a registration certificate after which the company can commence its business operation in India.

Before registering a company in India, the promoters should decide on the most flexible and viable business structure for them.

The act states the law as follows:- Prohibition of improper use of certain emblems and names Notwithstanding anything contained in any law for the time being in force, no person shall, except in such cases and under such conditions as may be prescribed by the Central Government use, or continue to use, for the purpose of any trade, business, calling or profession, or in the title of any patent, or in any trade mark or design, any name or emblem specified in the Schedule or, any colorable imitation thereof without the previous permission of the Central Government or of such officer of Government as may be authorized in this behalf by the Central Government.

DIN Number Registration Any person intending to register a Private Limited Company or Limited Company or One Person Company (OPC) in India needs to get a DIN number and becomes a part of Board of Directors.

It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

Services not to be rendered in the capacity as Statutory Auditor The following services shall not be rendered by the Auditor directly or indirectly to the Company, or its Holding or Subsidiary Company:- Accounting and Book keeping service Internal Audit Design and Development of any financial information system Actuarial Services Investment advisory services Investment Banking Services Rendering of outsourced financial services Management Services Any other services as may be prescribed by the Government.