Statutory company Statutory company,OPC (One Person Company) is not a statutory company. OPC refers to a type of business structure or legal entity recognized in certain jurisdictions, including India. It is a form of company where a single individual can establish a separate legal entity and enjoy limited liability protection similar to a private… Read More »
Private limited company formation Private limited company formation,A company becomes a private limited company upon fulfilling certain legal requirements and obtaining the necessary approvals from the regulatory authorities. The key steps for a company to become a private limited company are as follows: Incorporation: The company must go through the process of incorporation, which… Read More »
How to buy a private limited company The process of buying a private limited company typically involves negotiations, due diligence, legal documentation, and other complex procedures that require professional guidance. So many rules and regulation is there to buy a private limited company. If you are interested in purchasing a private limited company, it is… Read More »
Private Limited Company Be a Partnership Private limited company be a partnership: No, a Pvt Ltd company cannot be a partnership. These are two distinct forms of business entities with different legal structures and characteristics. A Pvt LTD company, also known as a limited liability company (Ltd or Pvt Ltd), is a separate legal entity… Read More »
Reg Certificate of Sole Proprietorship Website link Reg Certificate of Sole Proprietorship: In many jurisdictions, when you register your business as a sole proprietorship, you will receive a business registration certificate. This certificate serves as proof that your business is officially registered and recognized by the government. It typically includes important information such as your… 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 »
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 »
Self-registration LLP Self-registration LLP: Limited Liability Partnerships (LLPs) have become a popular choice for entrepreneurs and small businesses due to their flexibility and tax advantages. Understanding LLP Formation LLP formation involves several steps, including choosing a business name, drafting a partnership agreement and filing registration documents with the appropriate government agency. While… Read More »
Proprietorship and Private Limited Proprietorship and Private Limited are two distinct business structures in India, exhibiting several dissimilarities. Here are some of the significant contrasts: Ownership: A proprietorship is solely owned and controlled by an individual, whereas a Private Limited Company is owned by shareholders, with the company’s management entrusted to the Board of… Read More »
Start a Private Company in India To start a private limited company in India have so many rule and regulation. Initiating the establishment of a Private company involves several sequential steps, outlined as follows: To visit https://www.mca.gov.in/ Obtain a Digital Signature Certificate (DSC): The initial step entails acquiring a Digital Signature Certificate (DSC) for the… Read More »