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 »
What are the consequences of Not Issuing E-Invoices Under India’s New GST Regime With the introduction of the Goods and Services Tax (GST) in India, the government has significantly reformed the tax system, aiming to streamline indirect taxation. A critical aspect of this evolution is the requirement for businesses to generate and issue electronic invoices… Read More »
User Intent Users searching for “Is MoA and AoA required for OPC?” are primarily looking for detailed insights into the legal requirements of an One Person Company (OPC) in relation to the Memorandum of Association (MoA) and Articles of Association (AoA). They may be business owners, legal professionals, or aspiring entrepreneurs who… Read More »
Introduction The Goods and Services Tax (GST) in India is a comprehensive tax system that affects businesses of all sizes, including proprietorships. To ease the process of GST registration, the government introduced the concept of Digital Signature Certificates (DSC). A question that often arises is whether a DSC is mandatory for proprietorships under the GST… Read More »
Establishing an LLP in India Introduction A Limited Liability Partnership (LLP) is a popular business structure in India, combining the benefits of a partnership with limited liability protection. Governed by the Limited Liability Partnership Act, 2008, LLPs provide flexibility, tax benefits, and ease of operation. This article provides a step-by-step guide to establishing and… Read More »
Opening a private limited company at home Starting a business is a significant step, and many entrepreneurs explore various options for setting up their companies. One common question that arises is whether a private limited company can be registered at a residential address. What is a Private Limited Company? A private limited company is a… Read More »
Which Documents Are Required to Add a Director in a Private Limited Company? User Intent Business owners, company stakeholders, and legal professionals often need to add a new director to a private limited company. Understanding the required documentation ensures a smooth transition while complying with legal formalities. This article provides a comprehensive guide to the… Read More »
Permanent Account Number(PAN) The Permanent Account Number (PAN) is a unique identifier issued by the Income Tax Department of India, primarily for tax purposes. For businesses, it plays a crucial role in various financial transactions, tax filings, and compliance. When a business undergoes a structural change, such as converting from a One Person Company (OPC)… Read More »