Tag Archives: #BusinessLaw

What is one person company?

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 »

Memorandum of Association: Is MoA and AoA required for OPC?

Memorandum of Association     The Memorandum of Association (MoA) outlines the company’s objectives and the scope of its activities. It specifies the primary, incidental, ancillary, and other objects of the company. Additionally, it includes important details such as the company’s name, registered office address, and authorized share capital. On the other hand, the Articles… Read More »

Is it necessary to register a Pvt. Ltd. company for GST, if its services are exempted from GST?

Is GST Registration Necessary for a Pvt. Ltd. Company with Exempted Services? Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, particularly when it comes to understanding registration requirements. For a Private Limited Company (Pvt. Ltd.) providing services that are exempt from GST, a common question arises: Is GST registration… Read More »

Is mandatory DSC for proprietor ship in GST?

  Is a Digital Signature Certificate (DSC) Mandatory for Proprietorship in GST? In the evolving landscape of India’s tax system, the Goods and Services Tax (GST) has become a central component for businesses across the country. One important aspect of GST compliance is the use of a Digital Signature Certificate (DSC) for filing returns and… Read More »

Is one GST registration possible for different businesses?

Is one GST registration possible for different businesses Yes, the GST Act permits businesses to operate multiple businesses, business verticals, and business branches using the same GSTIN. This concept is known as Vertical Business in GST. Under this concept, you have the flexibility to register your various businesses and business branches under a single GST… Read More »