What is a foreign subsidiary company? A subsidiary company is a company in which more than 51% of the equity shares are owned by a foreign company incorporated outside India; such a company is known as a holding company. The rules and regulations are framed by: Companies Act, 2013 Income Tax Act, 1961 FEMA, 1999 …
Limited liability partnership LLP is an alternative form of company that offers the benefits of limited liability and partnership flexibility. LLP can continue regardless of changes in shareholders. It has business and legal capabilities in its own name. LLP is an independent legal entity, responsible for all of its assets and shareholder liability is limited …
LLP Stands for Limited Liability Partnership means it is an alternative corporate business form that provides the interest of limited liability to the partners at low compliance costs. A limited liability partnership is a legal entity accountable for the full range of its assets. The liability of the partners, however, is limited. Register a unique …
As one of the fastest-growing countries, India has always been an attraction for foreigners and NRIs for investment purposes. On the other hand, the government has also valued the investment made in India, especially with the NRIs. Due to the advantages and immense returns on investments, India has become a favorite destination for NRIs in …
Sections (8) of companies act, 2013 is associated with formation of those companies which are formed with the objective of charity (promotion of art, science, commerce, sports, education, research, welfare) without adding the words “limited” or “private limited” to the name of the newly registered business entity. Some of the important points that support formation …
What is company registration or company incorporation? Company Formation or Company Incorporation is that the process of registering a business as per the procedures defined by the Ministry of Corporate Affairs (MCA). The owner has the freedom to make a decision the sort of company under which the business are going to be registered. Further, …
Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm. LLP offers nearly all the benefits of a private limited company, with none …
India has been recognized jointly of the highest start-up hubs within the world. particularly below the leadership of Narendra Modi there square measure many initiatives taken from the year 2016 to revolutionize the start-up businesses. Start-up India Initiative is one such program taken by Prime Minister Narendra Modi that has benefited entrepreneurs across the country. …
In order to simplify the Company name approval process and changing the name of an existing company, the Ministry of Corporate Affairs introduced a new simple web-based application called RUN (Reserve Unique Name) for registering any organization. Before RUN, all applications were to be made in the Form INC-1 accompanying with a minimum of 2 …
For starting a business, a paid-up capital, also called paid-in capital is usually the amount that an entrepreneur needs to invest in a business. In most cases, this required amount is specified in an economy’s commercial code or company law. It is the amount of money pumped in by shareholders in exchange for shares or …