Difference between Limited Liability Partnership (LLP) and One Person Company (OPC) Choice of Business- An Important Decision Selection of the form of business entity is one of the most important decisions before starting a business. This decision is required to be revisited periodically as the business develops. In this Edition we the difference between the […]
One Person Company (OPC) is a choice of Business entity for entrepreneurs who want to have full control over the business. OPC is a type of Private Company as per Section 2(68) and Section 3(1) (c). Rule 3 of the Companies (Incorporation) Rules 2014 say, only a natural person who is an Indian citizen and […]
Article explains What is Trademark, Who can apply for a Trademark, What are the various types of Trademarks that can be registered, What are the Documents Required for the Registration of Trademark, What steps involved in Trademark application filling process and What are the Benefits of getting Trademark Registered. 1. What is Trademark? A registered […]
Incorporation of a LLP What is LLP? LLP is a body corporate formed and incorporated under LLP Act, 2008. It is a legal and separate entity from that of its partners. Benefits of LLP: LLP has a benefit of being a separate Legal Entity and liability and responsibility of every partner are limited to the […]
FSSAI- A Introduction FSSAI stands for Food Safety and Standards Authority of India, It is the organisation that monitors and governs the food business in India. FSSAI ensures that the food products undergo quality checks, curtailing food adulteration and sales of sub-standard products. FSSAI register and license the Food Business Operators in India and lays […]
ISO 9001 is an international recognized standard certification that defines the quality management system (QMS) and the quality of services of the company. This certificate is used by business to demonstrate the ability systematically provide products and services that meet the regulatory requirements and customer satisfaction. Getting ISO 9001 Certification means that the company should […]
Loan to Managing Director/Whole–time Director by the Company (Public and Private Company) Under Companies Act, 2013. Background: Section 185(1) of the Companies Act,2013 No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in connection with any loan taken by,— (a) […]
The introduction of PAS-6 by the Ministry of Corporate Affairs in pursuance to the sub-rule (8) of rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 which was amended vide Companies (Prospectus and Allotment of Securities)Third Amendment Rules,2019.
Background: Section 2(16) of the Companies Act, 2013 defines charges also as to mean an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage. Types of Charges: 1. Fixed or specific Charge: it’s a charge on the assets which […]
India is one of the first countries in the world to make Corporate Social Responsibility (CSR) mandatory for companies following an amendment to the Companies Act,2013 (Companies Act) in 2014. a. Applicability: Section 135(1) of Companies Act, 2013 prescribes thresholds to identify companies which are required to constitute a CSR Committee. b. The Provision of […]
