GST Exemption for Private Limited GST Exemption for Private Limited, A private limited company is a type of business entity that can operate without GST (Goods and Services Tax) depending on the specific circumstances and applicable regulations. In general, businesses in India with an annual turnover below the GST threshold (currently INR 40 lakhs… Read More »
Incorporation Incorporation for registering a Private Limited Company in India, you need to follow these steps: 1.Obtain Digital Signature Certificate (DSC): The first step is to obtain a Digital Signature Certificate (DSC) for the directors and shareholders of the company. This is required for filing the registration forms online. 2. Apply for Director Identification Number… Read More »
Sole proprietorship vs OPC Here are the notable distinctions between an OPC (One Person Company) and a sole proprietorship: Legal Structure: OPC: An OPC is a legally recognized entity that is registered under the Companies Act. An OPC (One Person Company) is recognized as an independent legal entity distinct from its owner. Sole Proprietorship: A… Read More »
Are company registration and GST registration the same Company registration and GST registration are two distinct processes and not the same. Company registration refers to the process of legally registering a business as a company, while Goods and Services Tax registration refers to the process of registering a business for the Goods and Services Tax… Read More »
OPC to section 8 OPC to section 8, Converting an OPC (One Person Company) to a Section 8 Company (also known as a Non-Profit Company) involves the following steps: Obtain Consent: Obtain the consent of the sole member (director and shareholder) of the OPC for the proposed conversion to a Section 8 Company. This consent… Read More »
OPC to llp To convert an OPC (One Person Company) to an LLP (Limited Liability Partnership), you would typically need to follow these steps: 1.Obtain Consent: Obtain the consent of the sole member (director and shareholder) of the OPC for the proposed conversion to an LLP. This consent is typically documenting through a resolution… Read More »
OPC to Pvt Ltd To convert an OPC to a Pvt Ltd (Private Limited) company, you would need to follow these general steps: 1. Board Resolution: Hold a board meeting of the OPC and pass a resolution approving the conversion of the OPC to a Pvt Ltd company. The resolution should authorize the necessary… Read More »
OPC to private limited Converting an OPC to private limited Company typically involves the following steps: Director Appointment: A Private Limited Company requires a minimum of two directors, whereas an OPC has only one director. Therefore, to convert an OPC to a Private Limited Company, you need to appoint an additional director. The new director… Read More »
Restrictions in Pvt Ltd Company Registration Restrictions in Pvt Ltd Company Registration, In India, registering a Private Limited Company is subject to specific restrictions, which are outlined below: For the formation of a Private Limited Company, it is necessary to have a minimum of two directors, while the maximum limit stands at 15 directors. Additionally,… Read More »
Document is required to add a director in a private LTD company Document is required to add a director in a private LTD company: In the dynamic world of business, a company’s success often hinges on its leadership. If you’re looking to add a director to your private limited company, it’s essential to understand the… Read More »
