Partnership Firm Registration Act Introduction The concept of partnership is an integral part of business law, providing a flexible and collaborative way for individuals to conduct business together. In many jurisdictions, the formal registration of a partnership firm is governed by specific legislative acts designed to provide a framework for its operation and legal recognition.… Read More »
Registering partnership Registering partnership,The process of registering a partnership can vary depending on the jurisdiction where you plan to operate. However, here are some general steps involved in registering a partnership: Choose a Business Name: Select a unique name for your partnership that complies with any naming requirements or restrictions in your jurisdiction. Partnership… Read More »
Required Document for Pvt. Ltd Company The documents required for private limited company registration in India typically include the following: Identity and Address Proof Requirements for Directors and Shareholders: To fulfill the registration process, it is necessary to provide valid identity and address proof for both directors and shareholders involved in the company. These proofs… Read More »
Partnership file as an s-corp What is a Partnership? A partnership is a business arrangement in which two or more individuals collectively own and manage the business. Partnerships are relatively simple to form and manage. The income and losses of the partnership flow through to the partners’ individual tax returns, avoiding the double… Read More »
Can an OPC have two directors No, an OPC (One Person Company) can have only one director. As per the provisions of the Companies Act, 2013 in India, an OPC can have only one director who is also the sole shareholder of the company. The concept of an OPC is designed to enable single-person entrepreneurship,… Read More »
Compulsory registration of partnership firm Compulsory registration of partnership firm,The requirement for partnership firm registration can vary depending on the jurisdiction and the specific laws and regulations of the country or state where the partnership operates. In many jurisdictions, registration of a partnership is not mandatory, and partners can enter into a partnership agreement… Read More »
Company registration India In India, the registration of a company is open to any individual or group of individuals who meet the following criteria: Directors: A minimum of two individuals are required to act as directors of the company. The directors must be at least 18 years of age and must have a Director Identification… Read More »
Importance of Company Registration Importance of Company Registration Website Link Importance of Company Registration:Company registration is important for several reasons: Legal Recognition: Registering a company gives it legal recognition as a separate legal entity from its owners (shareholders). It establishes the company as a distinct entity with its own rights, liabilities, and obligations. This separation… Read More »
Companies Act 2013 1. Obtain Director Identification Number (DIN): Ensure that all proposed directors of the company have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA). If they don’t have one, they can apply for it online through the MCA portal. 2. Digital Signature Certificate (DSC): At least one… Read More »
Relationship between QA and CA Quick assets are those current assets that can be easily converted into cash, such as cash, marketable securities, and accounts receivables. Current liabilities, on the other hand, are those obligations that are due within one year. Such as accounts payable, short-term loans, and accrued expenses. The relationship between quick assets… Read More »
