Registering a one-person company Registering a one-person company, To register a One Person Company (OPC) in India, the following steps must be take: Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step is to obtain a DSC and DIN for the propose Director of the OPC. Name reservation: A suitable… Read More »
Required individuals to incorporate private limited company In India, a minimum of two individuals are required to incorporate a private limited company. The two individuals can be Indian nationals or foreign nationals or a combination of both. One person needs to assume the role of a Director, while the other person has the option to… Read More »
How many directors can a Private limited company have In India, a Private Limited Company must have a minimum of 2 directors and a maximum of 15 directors as per the Companies Act, 2013. However, it is important to note that the Articles of Association (AOA) of the company may prescribe a higher or lower… Read More »
Reopening a closed private limited company If you intend to reopening a closed Private Limited Company, you must follow the steps outlined below: 1.Revival Application: Prepare and submit an application for revival to the National Company Law Tribunal (NCLT) in the prescribed format, accompanied by the necessary documents. For more information to Visit https://www.mca.gov.in 2.Affidavit… Read More »
How to Add a Partner to a Sole Proprietorship: A Step-by-Step Guide A sole proprietorship is one of the simplest business structures, where an individual runs and owns the entire business. However, as your business grows, you might consider bringing in a partner to share responsibilities, resources, or expertise. But how do you transition from… Read More »
Company profitability from balance sheet While a company’s balance sheet provides useful information about its financial position, it may not provide a direct indication of profitability. To determine a company profitability, one should look at its income statement, which shows revenue, expenses, and net income. To visit https://www.gst.gov.in/ However, the balance sheet can provide some… Read More »
