In India, from 1st few years with the onset of Modi’s government, a lot of thurst is put on start-ups in India. To sync with Startup pad in India, Indian government has planned and executed a number of processing, registrations and approvals which are made easy. Every second business related registrations, approvals and intimation is […]
Every economy grows by the business, infrastructure and other systems. Depending upon the cultural, political and sub sets, there are different kinds of entities under which a business is run and regulated. In India, there are number of ways for setting up and running business depending upon pros and cons of each type. Let us […]
In India, out of the total 18,94,146 registered companies, 6,83,317 have closed down as on May 2019 as per report released by Ministry of Corporate Affairs. A company when incorporated had a vision to run its business and to contribute to Indian Society. All the Companies in India as we already know are regulated by […]
Limited Liability partnership (LLP) is hybrid of partnership and company. It is a partnership but comes with limited liability i.e. in the case of dissolution of business the partner’s personal property is not put at stake, only the property owned by business are attached. In India, it is introduced in 2008. The Limited Liability Partnership Act […]
The Companies Act, 2013 was effective for all the companies with effect from 1st April, 2014 but of its certain sections or provisions was applicable from different dates depending upon the notification of by Ministry from time to time. The Government of India has always put a thrust to start a business by incorporating a […]
Offence: Meaning of offence in general language is a breach of a law or rule. Now, non-observing of law specifically if we are talking about Companies Act, 2013 which is governing law for all companies unless they are regulated by their own industry Acts, can put a company under the lens of Registrar of Companies […]
Article explains about Applicability of Employee State Insurance Scheme, Employees Covered under ESI Scheme, Benefits of ESI Registration, Contribution under ESI Scheme and Registration under ESIC Scheme. Overview of Employee State Insurance Scheme or ESI scheme Employee State Insurance or ESI is a scheme commenced by the Government of India to offer medical, monetary and […]
A company is run under the directions of its management more specifically Board of Directors. The Board decides number of deliberations; executions which will impact a company in long run and also decide the future also. The Board committees consisting of both executive and non-executive directors established to advise, review, and approve management strategic plans, […]
Ministry of Corporate affairs (MCA) has inserted a whole new compliance for Unlisted Public companies dated 10th September, 2018. The new compliance has been inserted under Rule 9A- ‘Issue of securities in dematerialised form by unlisted public companies’, after the existing rule 9 of The Companies (Prospectus and Allotment of Securities) Rules, 2014, which we […]
The companies Act, 2013 has a special provision for Loans to director covered under section 185 which seems to be a small section but there is more to the story. First of all, this section applies to Public as well as private companies regardless of their paid up capital. There are major amendment under The […]
