OPC-Annual Filing

One Person Company (OPC) means a company which has only one person as a member. 

Such a Company may have more than one Director on its Board of Directors....

Advantages & Disadvantages - Section 8 Company

As per Section 8 of the Companies Act 2013, a company that has its sole objective of as promoting Education, Art, Sports, Commerce, Social Welfare, Charity, Research, Religion, Environment, Science, and many such similar objects; where the income and profits of the Company gets utilised for the promotion of its objective(s) only; wherein no....

Benefits Of MSME Registration

What is MSME?

The Government of India on 2nd July 2021, revised the guidelines for MSMEs. Retail and Wholesale trade has now been included as Micro, Small and Medium Enterprises....

Everything you need to know on One Person Company (OPC)

A new concept has been introduced in the Companies Act 2013, about One Person Company (OPC), a company incorporated by a single person. Earlier, a single person could not incorporate a Company. But now they can...

What do I choose? Partnership or Limited Liability Partnership (LLP)?

Partnerships used to be a very popular form of Business Entity in India due to the simplicity of registration and ease of maintenance. But with the introduction of the Limited Liability Partnership (LLP), the prominence of Partnership’s has been replaced by the LLPs...

Characteristics of a Private Limited Company

There are many characteristics of a private limited company. The important ones are....

Advantages of a Private Limited Company

Many start-ups begin their venture without any proper documentation or company registration. This leads to confusion in.....

Authorised Capital & Paid-up Capital Decoded

Introduction

The term ‘Capital’ has a variety of meanings. It may mean one thing to an economist, another to an accountant, while another to a businessman or a lawyer. A layman views capital as the money, which a company has raised by issue of its shares.....