HOW TO REGISTER A COMPANY IN INDIA: A COMPLETE GUIDE

January 20, 2020

Most of the founders are coders, designers, marketers, and folks from different professions. One critical thing that most founders aren’t the best at is the basic legalities when it comes to starting and registering a business. Let me tell you how important it is to be on the right side of the law. The last […]


LIMITED LIABILITY PARTNERSHIP

January 20, 2020

Limited liability partnership was introduced in India by way of Limited Liability Partnership Act, 2008. It is a combination of both partnership and corporation and has the feature of both these forms. As the name suggests partners have limited liability in the company which means that personal assets of the partners are not used for […]


CERTIFICATE OF INCORPORATION

January 20, 2020

Certificate of incorporation is a legal document required at the time of company formation. It is said to be a license to form a company, issued by the state government. The private limited company in India is measured by the shares that shareholders are only liable to a limit of creditors. A Pvt. limited company […]


PRIVATE LIMITED COMPANY REGISTRATION

January 20, 2020

Private Limited Company is the most prevalent and popular type of corporate legal entity in India. The Ministry of Corporate Affairs governs private limited company registration in India. Companies are incorporated and regulated under the Companies Act, 2013 and the Companies Incorporation Rules, 2014. ELIGIBILITY AND REQUIREMENTS To register a private limited company, a minimum […]


PARTNERSHIP

January 20, 2020

A Partnership is one of the most important forms of a business organization, where two or more people come together to form a business and divide the profits thereof in an agreed ratio. A Partnership is easy to form, and the compliance is minimal as compared to companies. NAME GIVEN TO THE PARTNERSHIP FIRM Any name can […]


HOW TO SET UP A PRIVATE LIMITED COMPANY IN INDIA

January 20, 2020

HOW TO SET UP A PRIVATE LIMITED COMPANY IN INDIA Foreign companies interested in establishing a wholly-owned subsidiary in India can do so by setting up a private limited company. As of 2016, there were over 10 million active private limited companies in India. Regulations governing private limited companies originate in the Companies Act. A minimum […]


DIRECTOR IDENTIFICATION NUMBER

January 20, 2020

DIN is a unique Director Identification number allotted by the Central Government to any person intending to be a Director or an existing director of a company. It is an 8-digit unique identification number which has lifetime validity. Through DIN, details of the directors are maintained in a database. DIN is specific to a person, […]


CERTIFYING AUTHORITY

January 20, 2020

It is an entity that issues digital certificates. A digital certificate certifies the ownership of a public key by the named subject of the certificate. This allows others (relying parties) to rely upon signatures or on assertions made about the private key that corresponds to the certified public key. A CA acts as a trusted […]


DIGITAL SIGNATURE CERTIFICATE

January 20, 2020

The digital signatures of an individual prove the identity of the concerned person to sign the documents electronically. It is issued by a licensed Certifying Authority (CA) and is valid for 2 years. A DSC holds information about the user’s name, e-mail address, country, pin code, date of issuance of certificate and name of the […]


SIMPLIFIED PROFORMA FOR INCORPORATING COMPANY ELECTRONICALLY (INC-32)

January 20, 2020

As per MCA notification dated 29th December 2016, the Ministry of Corporate affair of India amended the incorporation rule and introduce new incorporation procedure called Simplified Performa for Incorporating Company Electronically (SPICe). Rule 38 has now been inserted in Companies incorporation rules, 2014 and following new e- forms has been introduced: INC-32 for  Form for […]


RESERVE UNIQUE NAME

January 20, 2020

To begin any business, the most important step is to select and reserve a unique name that describes the goods or services provided by the business aptly and yet it is unique. The name shall bring distinction to the business such that it stands out in the market. Further, when the business is being registered, […]


REGISTRAR OF COMPANIES

January 20, 2020

 Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements under the Act. These offices […]


COMPANIES ACT 2013

January 20, 2020

The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August 2013 and came into force on 12th September 2013. The Act consolidates and amends the law relating to companies, it has replaced The Companies Act, 1956 (in a partial manner). The changes made were like […]


COMPANY FORMATION IN INDIA

December 4, 2019

Company is a a legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be […]


TYPES OF COMPANY ACCORDING TO COMPANIES ACT, 2013

December 4, 2019

INTRODUCTION The Companies Act, 2013 provides for the kinds of companies that can be promoted and registered under the Act. The three basic types of companies which may be registered under the Act are: Private Companies; Public Companies; and One Person Company (to be formed as Private Limited Company) Section 3 of the Companies Act […]


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