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Compliance under Nidhi Company
September 4, 2021 / Nidhi Company

Compliance under Nidhi Company

A Nidhi company is a kind of enterprise in the Indian non-banking finance sector which is acknowledged under section 406 of the Companies Act, 2013. Their basic business is borrowing and lending money between its members. They are also popular as everlasting fund, benefit funds, mutual benefit funds, and mutual benefit corporation. Nidhi Company is …

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Annual General Meetings through VC or OAVM
August 23, 2021 / Others

Annual General Meetings through VC or OAVM

According to the Companies Act, 2013, every company must hold its Annual General Meeting once in a year wherein the main objective is to acquire the audited accounts and to know the position and progress of the company and also there is no provision regarding holding of Annual General Meetings through Video Conferencing (VC) or …

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Incorporation of Section 8 Company In India
August 6, 2021 / Others

Incorporation of Section 8 Company In India

Introduction History of Company with Charitable purpose The concept of Section 8 companies was introduced in Companies Act 1913 that permitted companies with charitable objects etc. to be registered without the words ‘Limited’ or ‘Private Limited’. The restriction was that the businesses were permitted to use the profits just for the aim that the corporate …

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Project Office in India
July 29, 2021 / Starting Business in India

Project Office in India

How to Start Project Office in India?  The foreign company who wants to execute e project in India and that they will have a presence for limited period of your time .  Generally foreign companies engaged in turnkey construction or installation found out a project office in India Foreign entities who are rewarded a contract …

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What you need to know about private limited company?
July 13, 2021 / Company Formation / Registration

What you need to know about private limited company?

A Private Ltd. Company may be a company which is privately held for little businesses. The responsibility of the members of a Private Ltd. is restricted to the quantity of shares respectively held by them. Shares of Private Ltd. can’t be publically traded. The administration of such a corporation is Ministry of Corporate Affair (MCA). …

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HOW TO START PRIVATE LIMITED COMPANY IN INDIA
May 27, 2021 / Starting Business in India

How to Start Private Limited Company in India

Private Limited Companies are those companies which are privately held by the people. They are mostly preferred as a common business organization in India. Shareholders may operate the business themselves, or hire directors to manage the company on their behalf. The main characteristics of a company are as follow: Minimum 2 and maximum of 200 …

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Directorship in India
May 6, 2021 / Others

Directorship in India

The term Director is used for a person who leads or supervises a company. They are the ultimate decision-makers and thus responsible for the operations of the company. The director reports directly to a vice president or the CEO to let them know its progress.  Requirement and eligibility Any individual who wants to be a …

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Section 8 Company Registration in India
April 22, 2021 / Company Registration in India

Section 8 Company Registration in India

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 …

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March 9, 2021 / Others

National Company Law Tribunal

The National Company Law Tribunal (NCLT) is established by the high court to command to deal with the laws concerning Indian companies. The NCLT operates as a quasi-judicial authority under the Companies Act 2013 that handles the structure, regulations and settles issues related to corporate cases. It was organized under Article 245 in the constitution …

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India: An Attractive Destination For Businesses
February 12, 2021 / Company incorporation in India

INDIA: An Attractive Destination For Businesses

Indian economy is one among the fastest-growing economies within the world with GDP growth of around 7 – 8% and a population of over 1 billion as per International Bank for Reconstruction and Development Data (2016). The statistics show that India as of now boasts of a profitable and stable economy and has already entered …

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