Corporate Insolvency Resolution Process – Step By Step Guide

Introduction Corporate insolvency is a situation which comes when a company is unable to pay its debts to its creditors. There are two ways to check for corporate insolvency: Is the company currently, or will it in the future, be unable to pay its debts as and when they fall due for payment? Are the value of the company's assets less than the number of its liabilities, taking into account [...]

What is a Small Company?

Small Company as Per Companies Act 2013 A Small Company is privately owned partnerships, sole proprietorships or corporations. These type of companies have fewer employees or have small annual revenue than other structure of a business. The Businesses which are defined as "small" are in terms of being able to apply for government support and qualify for the preferential tax policies which vary depending on the country and the industry. Benefits [...]

Employees State Insurance (ESI) Registration

Employees State Insurance (ESI) Registration is important because it provides numerous of fruitful benefits to the employees also it provides the safety in various ways. ESI is a self-financial social security and health insurance scheme for Indian workers. It is a scheme which is designed to provide social protection to the employees against the uncertain event in the organization such as: Sickness Disablement, and Death, etc. During the course of [...]

Private Limited Company registration process and How to startup Private Limited Company

Private Limited Company registration process is mandatory to get company registered in a proper way. For incorporation of Private Limited Company one should know how to conduct market analysis and identify the difference in consumers’ need. A private company is an organization which is owned and controlled by a private person. The minimum number of member in private limited company is two and the maximum number of member in private [...]

Nidhi Company

Introduction Nidhi company is a kind of company recognised by the Companies Act, 2005. These companies can have all the transactions with their members only. They are allowed to borrow from or lend money to their members. The capital of a Nidhi company is only from its members Requirements of Nidhi Company  The most significant requirement to incorporate a Nidhi company is the availability of a minimum of 3 directors and [...]

Requirement of a Private Limited Company

Introduction Incorporation of a limited company means declaring a corporate entity separate from its owners. It is a legal process and the second step towards the formation of a company. The first step to form a company is promotion which is followed by incorporation. It is the process of getting your company incorporated with the registrar of the company by filing various documents such as a memorandum of association, articles [...]

Advantages of One Person Company (OPC)

Advantages of One Person Company Here are the 10 reasons why any entrepreneur or business entity should opt for One Person Company. The Advantages of One Person Company are as follows: A Separate legal entity OPC is a separate legal entity and capable of doing everything that an entrepreneur would do. Easy Funding It is a  company is a private company, OPC can raise funds through venture capital, financial institutions, angel [...]

Maintenance Of Minutes Of A Company

Maintenance Of Minutes Minutes are nothing but kind of notes of a particular meeting or any official hearing in a Company. They can also be called protocols. These minutes are the written record of any official and influential gathering of a Company. They are a brief account of all the happenings and attendees of the gathering. They are essential and are even required in certain legal registrations and procedures. Company [...]

MSME Registration in India

Introduction MSME means micro small and medium enterprises. These units serve as the backbone of our country which helps our country to develop economically as well as financially. For supporting these MSME the government of India has started various measures and schemes and one of them is micro, small and medium enterprises act. To avail the benefits provided by the government every MSME registration, though the registration is not mandatory. [...]

Proprietorship Conversion into Private Limited Company

Introduction Comparing a Sole Proprietorship with a Private Limited Company, one similarity that can be pointed out, is that both forms are highly considered by Entrepreneurs while setting up their business. Sole Proprietorship anyhow is easy to set up and the owner has the complete control of the company’s working. In contrast, the private limited company is a bit difficult to set up. However, it is way more reliable, considered as a [...]