🔊 Play NGO is a non-governmental organization that is operated under the local level or national level or even international. The ones which are on international level are referred to as INGOs. NGOs are usually nonprofitable and work for several causes- it could be for welfare of society, environmental cause, health cause, social upliftment, animal […]
Benefits and Advantages of Private Limited Company
🔊 Play A Private Limited Company is the most common form to carry on a business as an entity intending to make a profit and enjoy the benefits offered by it, particularly limited liability. It is a voluntary association of at least 2 and not more than two hundred members/ shareholders, whose liability is limited […]
IMPORT EXPORT CODE REGISTRATION PROCEDURE
🔊 Play What is IEC Registration? Under the Ministry of Commerce & Industries, Government of India The Directorate General of Foreign Trade (DGFT) is authorised to issue IEC Certificate. IEC is a ten digit alpha numeric Code and acts as an Import Export License Certificate which regulates foreign trade in India and is managed by […]
COMPANIES FRESH START SCHEME, 2020 (CFSS-2020)
🔊 Play The Central Government in the exercise of powers have introduced the COMPANIES FRESH START SCHEME, 2020 (CFSS-2020), It shall facilitate the companies registered in India to make a fresh start. This scheme aims at providing a one-time opportunity to enable defaulting companies to complete their pending compliances by filing necessary documents in the Ministry […]
APEDA REGISTRATION: Is it mandatory for export of agricultural goods?
🔊 Play APEDA is the commonly used abbreviation for Agricultural & Processed Food Products Export Development Authority it is a government organization established through the Agricultural and Processed Food Products Export Development Authority Act passed by the parliament in the year 1985 for the development and promotion of export of scheduled products. Scheduled products are […]
WHY COMPANY COMPLIANCE IS IMPORTANT?
🔊 Play As per The Companies Act, 2013 there are some mandatory Company compliances that need to be documented by every Company. These ROC compliances are essential. Any slack will prompt heavy penalties, punishments and other lawful issues relating to the Company. There are mandatory forms that are to be recorded alongside indicated documents and […]
Types of Business Entities in India
🔊 Play Proprietorship Firm Registration Partnership Firm Registration Limited Liability Partnership Registration One Person Company Registration Private limited company Registration Lets understand the basics and important factors on all above kind of Business registration: PROPRIETORSHIP FIRM REGISTRATION IN DELHI Proprietorship firm registration is the simplest form of Business registration where the responsibility is only on […]
INCORPORATING A COMPANY IN INDIA
🔊 Play There have been major changes in the process of Company registration with the Ease of doing Business initiative which has simplified the process of incorporating a Company in India, Company Registration being a recommended form of business structure as it suits everyone’s needs. While registering a private limited Company minimum two people/ promoters […]
DIRECTOR IDENTIFICATION NUMBER
🔊 Play DIN is the abbreviation which is used for Director Identification Number. DIN is issued by Ministry of corporate affairs (MCA), Government of India. All the existing or intending Director has to obtain DIN within the prescribed time frame. Upon making an application in the DIR-3 form as mentioned under section 153/154 of the […]
SPICE PLUS COMPANY PROCEDURES
🔊 Play The Ministry of Corporate Affairs has launched a web-based form for Company registration in India known as the Spice Plus Form i.e. Spice+, the form is available on the MCA portal with effect from 23rd February, 2020. This move is aimed to further simplify the Company registration process and provide the user with […]