Uncover the meaning and purpose of Legal Entity Identifier (LEI). Learn how LEI codes improve risk management and compliance with regulatory reporting requirements.
Learn about the process and legal aspects of converting your partnership firm into an LLP. Understand the benefits of limited liability, flexibility, and perpetual succession.
Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates, or proof. On registration, an enterprise (referred to as ‘Udyam’ in the Udyam Registration portal) will be assigned a permanent identification number […]
A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. To register a Public Limited Company in India there should be a minimum of seven members and there is no limit on the maximum number of members/shareholders for starting a Public Limited Company. […]
The Companies Act, 2013, introduced the concept of One Person Company (OPC) in India. Further, this was to support entrepreneurs desiring to start a business on their own. While a Private Limited Company or Limited Liability Partnership requires at least two members for incorporation, you can start an OPC with a single member. OPC or […]
With the globalisation of trade and business, we are seeing enormous growth in imports and exports in India. The Indian economy is one of the largest economies in the world and one of the fastest-growing ones too. Foreign trade in India is promoted and facilitated by the Directorate General of Foreign Trade (DGFT), under the […]
Consequently to the company be incorporated successfully, groups of other compliances are also required to be fulfilled by the company. Through this article, we try to cover details of those compliances and provisions that mandate them. The Companies Act 2013 is a stringent act and leaves no room for any mistakes. “Ignorantia Juris non-excusat” means […]
Private Limited Company registration is the most popular form of a ‘legal structure’ for all businesses in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different […]
Name Application for a Company could be made through SPICe+ Part A under New Application as well as through the Reserve Unique Name (RUN) Web Form. RUN web-form is a web service used for reserving a name for a new company or for changing its existing name. The web service helps you verify whether the […]
Director identification number (DIN) refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN is obtained by filing an application in eForm DIR-3. However, now with an update in MCA’s registry, it becomes mandatory for all directors having DIN […]