Corporate tax is a direct tax levied on the profits of companies in India. It is one of the key revenue sources for the government and is applicable to domestic companies and foreign companies operating in India. Domestic companies, which are incorporated in India and operate within its jurisdiction, are subject to corporate tax under… Read More »
The Articles of Association (AoA) is a crucial document that defines the internal governance and operational framework of a company. It works in tandem with the Memorandum of Association (MoA) and serves as a rulebook regulating the management, responsibilities, and rights of company directors, shareholders, and other stakeholders. Every company registered under the Companies Act,… Read More »
Company Registration Company registration or incorporation in India involves several steps and legal formalities to establish a business entity legally recognized under Indian law. Here’s a comprehensive overview: 1. Choose the Type of Company: Select the appropriate legal structure for your business, such as: a). Private Limited Company b). Liability Partnership (LLP) c). One Person… Read More »
Private limited company A private limited company is consider to exist or be form once it is incorporate and register with the appropriate government authority or registrar in a specific jurisdiction. The exact point in time when a Pvt LTD company is form varies depending on the registration process and… Read More »
Business Partnership Requirements Business partnership requirements may vary depending on the jurisdiction and the specific type of partnership you are considering. Here are some general requirements and considerations for forming a business partnership: 1. Agreement: A partnership agreement is highly recommended and often legally required. This agreement outlines the rights, responsibilities, and obligations of each… Read More »
Are Company registration and GST registration the same No, Company registration and GST (Goods and Services Tax) registration are not the same. While both registrations are important for doing business in India, they are distinct and serve different purposes. To visit: https://www.mca.gov.in Company registration refers to the procedure of establishing a company in accordance with… Read More »
One Person Company One Person Company (OPC) is a type of company that can be formed with only one person as its member or shareholder. It introduce in the Companies Act, 2013 to encourage small business owners and entrepreneurs to start their own companies with limited liability protection. A OPC has a separate legal identity… Read More »
User Intent Users searching for “Is MoA and AoA required for OPC?” are primarily looking for detailed insights into the legal requirements of an One Person Company (OPC) in relation to the Memorandum of Association (MoA) and Articles of Association (AoA). They may be business owners, legal professionals, or aspiring entrepreneurs who… Read More »
What is the Difference Between Proprietorship and Private Limited? User Intent Many entrepreneurs face a crucial decision when starting a business: Should they register as a Sole Proprietorship or a Private Limited Company? Each structure has its own advantages and challenges, making it essential to understand the differences before choosing the best fit. This guide… Read More »
Sole proprietorship account opening Introduction A current bank account is essential for managing business transactions, but opening one for a sole proprietorship without firm documents can be challenging. Banks usually require business registration documents, but in certain cases, alternative methods can be used. This guide provides a step-by-step approach to opening a current bank account… Read More »