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Guidelines for a Foreign Director/Partner


As per Companies Act and Foreign Exchange Management Act (FEMA) of 1999, there are no restrictions for a foreign national to become a director in an Indian Company.A foreign citizen appointed as Director of an Indian company may live abroad

24 Jan 2017 by Lokesh Sharma

Types of Non Profit Organizations in India


Certain Non Profit types of companies can also be established in India are: Section 8 Company:A Section 8 Company is the most popular forms of Non-Profit Organizations in India, recognized under the Companies Act, 2013.NGOs:Non-Government Organization

18 Jan 2017 by Lokesh Sharma

Appointment of Director in a Company


Every director is appointed in the General Meeting apart from the First Director in the Company. The person must have a DSC and DIN to be appointed as a Director. Form DIR-12 is to be filed on MCA along with consent letter (DIR-2) and an affidavit (INC-9)

09 Feb 2019 by Tanya Sharma

Fast Track Exit for Defunct companies


Defunct companies or any company having NIL assets and NIL liability can file to ROC for striking their name off the registrar of the companies to avoid annual compliance cost under Fast Track Exit Scheme.

11 Mar 2019 by Jaskirat Kohli

HR Compliance Checklist: The Complete Guide 2022


HR compliance refers to the legal framework that the companies must follow at the time of carrying on the operations and treating the employees. The human resource audits are necessary to sidestep any regulatory penalty.

24 Feb 2022 by Rashmita Das

OPC vs. Sole Proprietorship


OPC is the registered form of business entity having protection of limited liability with tax benefits, minimum paid up capital, easy transferability over sole proprietorship.

02 May 2017 by Archi Bhatia

Advantages of One Person Company


Advantages of One Person Company Registration is Lesser Compliance Burden,Minimum Requirements,Limited Liability for Directors and Shareholders,Legal Status And Social Recognition For Your Business,Easy Funding

18 Mar 2016 by Titly Chatterjee

What is an Incorporation Certificate?


An Incorporation Certificate is a legal document that proves the existence of the company. As per the Companies Act, 2013, an incorporation certificate is issued by Registrar based on documents and information filed for incorporating a Company.

12 Jan 2022 by Bhawna Arora

Post Company Registration of a Private Limited Company


According to the New Companies Act, 2013, certain mandatory formalities to be taken care.Post Incorporation Duties for Private Limited are as follows:1:Appointment of the Legal Auditor.2:Security Allotment.3:Filing INC-21 with RoC(Registrar of Companies).

21 Mar 2016 by Titly Chatterjee

How to Maintain a Company's Book of Accounts


Procedure of maintaining a company's book of accounts.A company’s Book of Accounts includes all, namely: the book of accounts, vouchers, deeds, documents, writings, registers and minutes maintained in electronic form or on paper.

18 Nov 2016 by Lokesh Sharma