Government of India has introduced new modification in the existing rules related to deposits with the object to track the actual status deposit. These rules will emphasis specific declarations and compliances related to deposits. New rules mandates every company other than Government company to file one time return with the Registrar of Companies in form [...]

One Person Company (OPC) also known as one Man Company is another form of Private Limited Company having one member. This form of company gave wings to the sole entrepreneur who wanted to have their own company. Being private limited company, they provide the sole owner to have total control on the Company. Since it [...]

Incorporation of Private Limited Company can be proved a nightmare in the life of an entrepreneur, if the proper procedure of incorporation is not followed. In the journey of incorporation of the private company, lots of information’s and documents need to be compiled, otherwise, the company would be get registered with the registrar of companies. [...]

Introduction RUN, another big move taken by the Indian Government towards ease of doing business. It has abolished the E-form for reservation of name and introduced a web service called “RUN” (Reserve Unique Name) to reserve the Name of a Company (existing as well as proposed). The Govt. has facilitated the RUN service for stakeholders [...]

A Private Limited Company (Pvt ltd Company) is the most common vehicle to carry on business as an entity intending to make a profit and enjoy the benefits of an incorporated entity, particularly limited liability. It is a voluntary association of not less than two and not more than 200 members, whose liability is limited. [...]

Introduction These days the Government is not only busy in Swatch Bharat Abhiyan but also in Swatch Companies Abhiyan, another important step taken by Government to crack down Shell Companies. In order to track proper compliances, Ministry of Corporate Affairs has issued Companies (Incorporation) Amendment Rules, 2019 dated 21 st February, 2019 to be effective [...]

Introduction Government of India has made various reforms in Micro, Small and Medium Enterprises Development Act, 2006, (MSME) in order to promote and develop the business and market conditions for MSME’s. Pursuant to the provision of Section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), Ministry of Corporate Affairs [...]

Introduction Recently, Registrar of Companies took the initiative to close down the Companies which had either failed to commence their business or had failed to file a timely return with it.  More than 1 lakh Companies were struck off in on suo-motto basis by the ROC. The idea behind such action was to remove the [...]

Introduction Whenever any person is intending to enter into business world he needs to take care lots of things which include preparing business plan, product/ service types, beside this, list of laws which are applicable to the businessman is also needs to be taken care. One of the most important laws which are applicable to [...]