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Complete details of Shop Act license in Haryana


The Shops and Establishments Act has been structured to allow different states to have different regulations. A particular State can set its own rules regarding the establishment of shops, working hours, vacations, and even working conditions of employees

23 Jan 2022 by Mriganc Mishra

Can a Minor Become a Shareholder of the Company?


A shareholder is a person who owns the ownership rights in a company by investing in the company’s shares. A minor can only become a shareholder when he’s gifted or transferred shares only under the guidance of his guardian.

11 Mar 2019 by Jaskirat Kohli

Liability of shareholders in OPC


OPC is a composite of sole proprietorship and limited company. It provides limited liability to its shareholders to the extent of the unpaid amount of its share.

02 May 2017 by Archi Bhatia

Taking a Deposit in a Private Limited Company


Taking Deposit in a Private Limited Company.Even though a Private Limited Company can accept deposits; however, there are certain limitation on the acceptance of deposits as laid down by the Reserve Bank of India.

27 Oct 2016 by Manmeet Singh

Difference between Company Limited by Guarantee and Company Limited by Shares


The liability of a company is limited to the amount its members have invested or guaranteed to the company. Such liability can be limited either by shares held by the members or by guarantee undertaken by them.

20 Sep 2018 by Akshara Bala

Private Limited Taxation


Private Limited Company needs to pay Income tax @30% flat on the Net Income Generated by a Private Limited Company and There are further Taxes like MAT(Minimum Alternative Tax), DDT (Dividend Distribution Tax) which also have to be paid by a private limit

25 Apr 2017 by Tejaswi Kumar Singh

Non-Banking Financial Companies


Non-banking financial companies (NBFCs) play an excellent role in the economy by carrying out many economic activities. The NBFC ecosystem comprises a heterogeneous group of companies offering various types of services.

11 Nov 2021 by Rakhi Tushir

How to Alter the Memorandum of Association of a Company


The Memorandum of Association is also known as Charter of the Company, it defines the scope of company's future activities. Also, Alteration in the Memorandum of Association can be carried out only by a special resolution at the Shareholders meeting.

17 Sep 2018 by Akshara Bala

Tax Benefits On Children Education Allowance


Minimizing the tax liability is always a burning topic for any Taxpayer/Assessee (Indian salaried or self-employed) who is ready to make utmost efforts to lower its taxable income.

17 Jan 2022 by Advocate Amrita

Features of a Private Limited Company


Features of a Private Limited Company.Separate Legal Entity,Considered as a Juristic Person,Possesses Perpetual Succession,Power to Own Property,Power to be a Trustee.

14 Oct 2016 by Manmeet Singh