There have been many changes in the corporate structure in India, including the amendment to the Companies Act. The introduction of the Startup India program by the Government of India has been a major milestone. The benefits of the Startup India program are many and have contributed to the growth of India’s entrepreneurial culture. There …
Limited Liability Partnership (LLP) is a preferred form of organization among business people as it integrates the advantages of both partnership firm and company into a single type of association. The concept of the Limited Liability Partnership (LLP) was presented in India in 2008. An LLP has the attributes of both the partnership firm and …
Anyone who is competent to contract in India can establish a public charity Trust for objectives such as poverty relief, education, medical treatment, and the advancement of any cause of public value, among others. “Trusts can be registered or unregistered”. Introduction The composition of a Trust Deed is the initial phase in registering a Trust …
Society is a group of people who are united for a common purpose or a charitable cause. Society registration generally pertains to charitable activities. ”The Societies Registration Act, 1860 is the law that governs the registration of societies in India.” The purpose behind Society Registration can be underlined as it empowers to give a boost …
An organization that works for non-profitable or charity purposes and is registered as NPO (Non-Profit Organization) is referred to as a ”Section 8 company”. The motive of NPO is the promotion of arts, commerce, education, charity, environment protection, sports, science, research, social welfare, and religion. Section 8 company establishment gets more advantages in comparison with …
Introduction Of Nidhi Company The formation of Nidhi Company is basically for borrowing and lending money to its members. It promotes the habit of saving among its members and deals with the principle of mutual benefits. For Nidhi Company it is not required to get a permit from the Reserve Bank of India (RBI), thus …
What is a Public Limited Company? A Public Limited Company is an organization that has limited liability and offers shares to the public. A public limited company’s stock can be obtained by anybody, either secretly through (IPO) Initial Public Offering or using trades on the securities exchange (Stock Market). It is strictly regulated and is …
A Private Limited Company is held by private stakeholders. A Private Limited Company is registered for pre-defined objects possessed by a group of people called shareholders. The liability positioning for this situation is that of a limited partnership, wherein the liability of a shareholder stretches out simply up to the number of shares held by …
The Companies Act, of 2013 changed corporate laws in India by presenting a few new ideas that didn’t exist before. One such huge advantage was the presentation of the One Person Company idea. This prompted the acknowledgement of a better approach for new businesses that give flexibility which company can offer, while additionally giving the …
What is Partnership Firm? Partnership is one of the main types of business association. A Partnership Firm is where at least two people meet up to frame a business and split the profits in an agreed proportion. Partnership business incorporates any sort of trade and commerce. A partnership firm is easy to establish with less …
