Compliances of small company as per Companies Act 2013

Compliances of small company as per Companies Act 2013 What is small company? Small company is a company other than Public company and whose paid up share capital doesn’t exceed Rs. 50 Lakhs not more than Rs. 10 Crores and whose turnover doesn’t exceed Rs. 2 Crores not more than Rs. 100 Crores A Holding or Subsidiary company is not a small company even if it fits the above criteria A Section 8 Company established for social cause is also not a small company even if it fits the above criteria A company or Body corporate governed by special act...

Registration of NGO

Registration of NGO When someone thinks to form NGO or Society or Trust or Section 8 Company, there come in mind various doubts, which are better, how to form, what are the minimum Requirements, documents required, etc. Comparing the business structure requires a analytical thinking after understanding the factors and purpose of formation. However each business structure for formation of NGO has their own pros and cons. Let’s understand to form Section 8 Company as per Companies Act 2013. I hope this will help you understand the concept in deep. Meaning of Section 8 Company: A Company which has main...

Conversion of Private Limited Company into LLP

Conversion of Private Limited Company into LLP With the advantages of LLP, corporate are opting to restructure their business by converting them into LLP. Lets recall the advantages of LLP; Easy to Form Unlimited Partners No minimum Contribution i.e. Capital required Limited Liability Perpetual Succession Flexible to Manage Easy Transferable Ownership Separate Property Raising Money is easy Capacity to sue No Mandatory Audit Requirement in certain cases Partners are not agent of other Partners Existing private company or existing unlisted public company can be easily converted into LLP. The basic requirements to get converted is that the company should be...

About Company registration in India

About Company registration in India India is at number 63 amongst 190 countries as per “Doing Business Report (DBR) 2020” by World Bank released on 24th October 2019 Reference: Doing business report 2020 by World Bank released on 24th October 2019 Why starting business in India? Simple steps to register company in India Step 1: Obtain Digital Signatures for the proposed Directors of the company. Digital Signatures can be obtained from licensed Certifying Authority like eMudhra, sify. Step 2: Select the business name. Selection of company name is utmost important. Use your creative mind while deciding the name. Make sure...

Let’s register LLP for SME

Let’s register LLP for SME LLP is Limited Liability Partnership. It has features of Company and Partnership firm where the liability is limited unto the partner’s contribution. There are designated partners in LLP like we have Directors in Company. It is best suitable business structure especially for SMEs since there are lesser compliances under LLP if the firm is small one. Mostly SMEs are registered either in Proprietorship firm or Partnership firm. It is very well known that Partnership firms have unlimited liability which can become personal liability of partners at the time of fraud etc. LLP is business structure...