Did you know that if you pay a salary to even one individual, you need Professional Tax Registration?

The term 'Professional Tax' may be one of those that does not fully reflect the true sense of the term. Contrary to what the name implies, it is not a levy imposed only on professionals........

Maximum Directorships an Individual Can Hold in India

We come across many people who are appointed as Directors in more than 50 companies. This blog makes an attempt to decode the maximum number of companies in which an individual can hold directorship......

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.....

Everything About Auditors and Appointment of First Director

In theory, auditors are professional watchdogs, appointed by the shareholders, who check the genuineness of financial statements prepared by the management of the company and form an opinion for the shareholders who have made the management, in some sense, trustees of their assets......

Tax Exemption to a start up company -Sec. 80 IAC

Startup

Who is eligible to enroll under the DPIIT Start Up Scheme

1. Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership...

Company or LLP - Which to Choose

A company is a legal entity formed by a group of individuals or entities with a common objective of carrying out a specific business activity. In other words, it is an association of persons who come together to carry on a commercial or industrial enterprise.......

Startup Registration- Process and Documents required

Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127 (E), are eligible to apply for recognition under the program. The Startups have to provide support documents.....

Recognition Guidelines for Startups:

1. Merger/Demerger/Acquisition/Amalgamation/Absorption: The resultant entity or entities formed due to such activities will not be eligible for recognition as a Startup. However, mergers or amalgamations under.......

Statutory Registers under the Companies Act, 2013

Introduction:

The Companies Act, 2013 mandates the maintenance of various registers by companies to ensure compliance with legal requirements. These registers play a crucial role in documenting and recording essential information related to the company's shareholders, directors, key managerial personnel, charges, contracts, and other significant transactions......

If a company does not have MSME registration gain it still file for receiving its outstanding under the MSME act?

Introduction 

The Micro, Small, and Medium Enterprises (MSME) sector plays a vital role in the economic growth and development of a country. In India, the MSME sector is governed by the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006. One significant provision of this act is th....

A Step-by-Step Guide to Issuing ESOPs for Startups in India under the Companies Act, 2013

Introduction 

In the competitive landscape of startups, attracting and retaining talented employees is crucial for long-term success. One effective way to achieve this is by implementing an Employee Stock Ownership Plan (ESOP). ESOPs provide employees with an opportunity to become shareholders, aligning their interests with the company's growth. In this blog post, we will provide a detailed step....

Can a Designated partner be appointed without having made any investment in the LLP in form of 'Contribution'?

Introduction 

Limited Liability Partnerships (LLPs) have gained popularity as a flexible business structure that combines the benefits of both a partnership and a company. LLPs require the appointment of designated partners who are responsible for managing the affairs of the LLP. One question that often arises is whether a designated partner can be appointed without making any contribution in the form of capital or assets to the LLP. In this blog post, we will explore this topic and shed light on the legal provisions and practical implications related....