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Nidhi Company in India: Process, Eligibility and Benefits


Nidhi is a type of company that belongs to the non-banking financial sector of the economy and hence has to follow the RBI guidelines. The primary activity of such companies is to borrow and lend money to the members of the company itself.

18 Feb 2019 by Archi Bhatia

Entrepreneurs Guide to Audit of a Company


Audit of a Company is the fundamental feature of every Company.According to the Companies Act, all types of companies needs to appoint an Auditor within 30 days after incorporation of the Company.

24 May 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

What is Authorized Capital in a Private Limited Company?


The authorized capital of 1 lakh is alloted by the Ministry of Corporate Affairs(MCA) for Private Limited Company after its incorporation.It helps to decide value of shares that they will receive in return to their investment in the company

29 Mar 2016 by Titly Chatterjee

Know the difference between: A Company and a Firm


Firm is governed by the rules of Partnership Act, 1932 where as the company is governed by the rules of Company Act, 1956.

22 Oct 2018 by Tanya Sharma

How to Change the Objects Clause of your Company?


To change the objects clause of your company, the MOA of the company would have to be amended to change the objectives of the company.

25 Sep 2018 by Akshara Bala

Annual Filing with RoC for a Private limited Company


Step by step process how to do Annual Filing with ROC for a Private Limited Company in India.Documents required for Annual filing and the ways in which it can be done

29 Mar 2016 by Titly Chatterjee

LLP to Public Company


Limited Liability Partnership cannot be converted into Public Limited Company as there is no rules or provision given under Limited Liability Partnership Rule 2009 and Limited Liability Partnership Act 2008.

04 Apr 2017 by Tejaswi Kumar Singh

Private Limited Company Annual Filing due date


Filing due dates for Form AOC 4 is 30th September and Form MGT-7 is within 30 days of AGM, Failed in filing these return shall be penalised with minimum Rs. 50,000/- which may be extended up to the amount of Rs. 5,00,000/- and the Directors who are in def

23 May 2017 by Tejaswi Kumar Singh

Penalty for Late Filing of Annual Return of Company


Penalty for Late Filing of Annual Return of Company or failure to file annual return of your Company a penalty of INR 50,000 which may range up to INR 5 lakhs. Also director needs to pay fine to MCA

20 Oct 2016 by Lokesh Sharma