Section 8: Can Make A Difference?

Introduction Section 8 Company, according to The Companies Act 2013, is a company which promotes Art, Science, and Commerce, education, Sports, Social Welfare, Research, Charity, Religion, Environment and similar objects. Their income, as well as profit, is supposed to be used for promoting these objects. Section 8 Company, like any other company, has to go through a proper registration procedure. But, it is still quite different in comparison to other companies. [...]

Private Limited Company

Private Limited Company A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them.Shares of Private Limited Company cannot be publically traded. Alll the aspects of Private Limited Company is discussed in the article. Characteristics of Private Limited Company Members– To start a company, a minimum number of [...]

Close Private Limited Company in India

Introduction Shutting down a private ltd. company is a challenging process. However, if you are the owner of an incorporated business in the form of a Private Limited Company, then it is even more so. A Pvt. Ltd. Co. can be shut down in several manners depending upon the requirements of the business owner – Sell the company (if possible); Declare the company ‘defunct’ and shut it down; or ‘Wind [...]

Characteristics of a Private Limited Company

Introduction Private limited company is held by few individuals privately having a separate legal entity. In this, the shareholders cannot trade publicly shares. It restricts its number of shares to 50. Shareholders cannot sell their shares without the approval of other shareholders. It is a company which restricts the right of its members to transfer its shares and it doesn't send the invitation to the public for subscription of its [...]

Formation of Private Limited Company in India

Introduction When we think of starting a company, we face a skeptical question of its cost involved. With fear of high cost, we drop the idea and miss the opportunities around. With the internet and transparent pricing, more and more business entities are opting for a private limited company. We have thrown light on the formation of private limited company, the cost involved in starting and running a private limited [...]

Registration procedure of Private Limited Company

Introduction A private limited company is the most common form of business entity in India. It is easy to maintain and raise funds, offers limited liability to its members, offers flexibility, easy bank loan accessibility. Registration procedure of Private Limited Company is a little bit complex but can be done by following these simple steps mentioned below. Basic requirement There must be at least 2 members in the company. The company shall [...]

MSME Benefits

Introduction MSME (Micro, Small, and Medium Enterprises), as the name suggests, includes enterprises that are at a medium or below the medium level with respect to the terms of production and investment. MSME, in India, follows The MSMED Act, 2006 that is The Micro Small and Medium Enterprises Development Act, 2006. Classification of an enterprise is done in terms of investment. MSME forms a vital part of any country's growth. [...]

Requirements for becoming the director of a Company

To become the director of a company, there are some conditions which have to be fulfilled by the person who wants to become the director of a company. These conditions to become the director of a company are discussed in this article. One of the most important people in the company is its director. A director of a company is a person who supervises all the activities in the company. There [...]

Documents required for Public Limited Company

The documents required for the incorporation of a public limited company is of extreme importance as proper documentation needs to be done first to stay away from any encumbrances. The documents required for incorporating a Public limited company are discussed in this article. Public Limited Company is a form of company which offers its shares to the general public. It gives limited liability to its owners and shareholders. At least seven [...]

Partnership Firm Registration In India

Introduction Partnership- A very simple yet strong word. Partnership firm registration is done on many bases. It may be on a friendly basis or it can be formal. Partnership in the Corporate world refers to a relationship when two or more people decide to share the profits of a business carried on by them all or any of them acting for all. It’s generally done in legal terms. The percentage of ownership [...]