Articles tagged with companies

What is a company?


A company is a legal entity formed by an association of persons to carry on a commercial or an industrial Enterprise.The word company comes from the Latin word 'Com' (with or together) and 'panis' (bread).

30 Dec 2016 by Ankan Bose

Advantages and Disadvantages of One Person Company


Advantages of OPC can be summarized as below:1.Safeguards Directors and Shareholder with Limited Liability.2.Perpetual Succession.3.Social Recognition.4.Easy Credit facilities.5.Easy Annual return filing.

05 Jan 2017 by Lokesh Sharma

Frequently asked questions on One Person Company


Can OPC become a member of another private Limited company?The Act has not made any restriction for a One Person Company to become a member of another Private Limited Company.What if, if the turnover of the company exceeds Rs.2 Crores?

05 Jan 2017 by Ankan Bose

How to Register a One Person Company


One Person Company Registration Process:Step 1A: DIN and DSC Registration.Step 1B: Name Reservation.Step 3: Drafting Memorandum of Association and Articles of Association.Step 4: Incorporation of One Person Company.Step 5: Registration with Registrar

05 Jan 2017 by Ankan Bose

Types of Non Profit Organizations in India


Certain Non Profit types of companies can also be established in India are: Section 8 Company:A Section 8 Company is the most popular forms of Non-Profit Organizations in India, recognized under the Companies Act, 2013.NGOs:Non-Government Organization

18 Jan 2017 by Lokesh Sharma

Advantages and Disadvantages of a Private Limited Company


A Private limited company is a type of a privately held small business entity. A Private Ltd business entity limits the owner's liability to their shares. It also limits the number of shareholders, and that restricts them from trading their shares public

18 Jan 2017 by Ankan Bose

Advantages and Disadvantages of LLP


The major advantages of an LLP are as follows:1.Limited Liability:As per the Act, the partners have the flexibility of limited liability, any errors or negligence of one partner will not be the obligation of the other partner.2.Perpetual Succession:

18 Jan 2017 by Ankan Bose

Procedure to register a company in India


Steps to Register a Company in India:Step 1:Obtaining Digital Security Certificate (DSC).Step 2: Obtaining Director Identification Number (DIN) or Designated Partners Identification Number (DPIN).Step 3: Naming Approval.Step 4: Incorporation

23 Jan 2017 by Manmeet Singh

Documents required for company registration


To Register a Company in India following Documents are required:1.For Photo ID and Address proof:Passport, Voter Card, Ration Card, Driving License, Aadhar Card, Electricity Bill, latest Telephone Bill.2.Utility proof:Telephone bill,Electricity Bill

23 Jan 2017 by Lokesh Sharma

Name Approval Guidelines as per Companies Act 2013


The major guidelines to name the company are detailed as below:1.No Identical Names:The name of the newly proposed company should not be identical or similar to that of an existing company.2.Not undesirable by law.3. Other Conditions in Name approval

23 Jan 2017 by Ankan Bose