We all know that after incorporation of RUN Service (Reserve Unique Name), an applicant seeking reservation of name for a proposed Company or an Existing Company seeking to change its name has to apply for reservation through RUN Service only.
Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the Financial Year 2017-18 (relevant to Assessment Year 2018-19).
A Company is an artificial person created by law. It is not a human being but it acts through human beings. It is considered as a legal person who can enter into contracts, possess properties in its own name, sue and can be sued by others etc.
While starting your own business, the very first question that comes to mind is that, How to form a company? For starting a business in single person’s name, a sole proprietorship registration can be done but if one wants central registration with separate legal entity and benefits of company form of organization
The leading business advisor, ebizfiling is a leader in sole proprietorship firm registrations in India. The sole proprietorship type is the favorite business form for the small entrepreneurs. It simply allows starting a firm with small capital, short time frame.
With the recent changes being in highlight, the Ministry of Corporate Affairs (MCA) brought about a transformational change in the company incorporation processes, ever since it has undertaken the initiative of Government Process Re-engineering (GPR).
Recently the Ministry of Corporate Affairs took up a bold initiative by introducing the RUN (Reserve Unique Name) service. Effective from 26th January, 2018. It is a simple and easy to use web service for reserving a name for a new company or for change of name for any existing company. Let’s check out the salient features of this newly introduced service:
Eligibility for Condonation Of Delay Scheme, 2018: Condonation Of Delay Scheme, 2018 is available to all the defaulting companies other than the companies which have been stuck off or whose names have been removed from the register of companies.
As known to all, GSTIN (Goods and Services Tax Identification Number) is a 15 digit ID. Knowing the structure of the GSTIN is important for a business for the following reasons:
There are many companies looking for such conversion. The main reasons are the relaxations available to a private company. However there are some legal bindings related to the conversion of a public limited into a private limited.
