When starting a business in India, one of the first and most important decisions is choosing the right business entity structure. This decision affects how your business is taxed, how much legal risk you carry, and how easy it is to grow later. Many beginners start without understanding these differences and face problems when their business expands. In this guide, you … [Read more...] about Which Business Entity Should You Choose in India: Sole Proprietorship, LLP, or Private Limited?
Company Law
How, Why, and When Companies File Form INC-20A for Commencement of Business in India
Key Takeaways Starting a company in India does not end with receiving the Certificate of Incorporation. There is one more crucial legal step before a company can actually start work — filing the Declaration of Commencement of Business under Section 10A of the Companies Act, 2013. This requirement ensures that a company is not just created on paper, but is financially … [Read more...] about How, Why, and When Companies File Form INC-20A for Commencement of Business in India
Who Is a Director in India? Roles, Types, and Legal Duties Explained Simply
In India, every company needs real people to take decisions, sign documents, and ensure legal compliance. These people are called directors. While the company is a separate legal entity, it cannot think or act on its own without directors. This guide explains the regulatory provisions related to directors under the Companies Act, 2013. You will understand who a director … [Read more...] about Who Is a Director in India? Roles, Types, and Legal Duties Explained Simply
How Should a Company Display Its Name and Details Under the Companies Act, 2013?
Key Takeaways Section 12(3) of the Companies Act, 2013 lays down basic rules on how a company must display its identity details in India. These rules ensure transparency so that anyone dealing with the company can easily know who the company is and where it operates from. This section is important because it helps build trust, avoids penalties, and ensures smooth … [Read more...] about How Should a Company Display Its Name and Details Under the Companies Act, 2013?
What documents are required for company registration in India?
When you register a company in India, the government does not just register a business idea — it registers people, addresses, and legal responsibility. That is why documents are the backbone of the entire incorporation process. In simple words, documents help the Ministry of Corporate Affairs (MCA) confirm: Think of documents as your company’s identity proof, just … [Read more...] about What documents are required for company registration in India?
How to appoint or remove a nominee in one person company (OPC)
Nominee is a person appointed by the member of the one person company (OPC) who shall, in the event of subscriber’s death or his in capacity to contract becomes member/shareholder of the one person company (OPC). To get appointed, the person should be Indian citizen and resident in India but should not be a minor. A person for this purpose, will be considered as resident in … [Read more...] about How to appoint or remove a nominee in one person company (OPC)
How many board meetings a One Person Company should conduct in a year
To consider policy issues and other major problems of a one person company, board meetings are held by bringing together the directors. Companies act allow you to hold it in many forms. Directors can meet to take decision in all most all cases of the OPC. They can also delegate certain type of functions to a particular person or group of people. Depending on the size of … [Read more...] about How many board meetings a One Person Company should conduct in a year
Board meeting for One Person Company
One Person Company or OPC is a separate legal entity registered with the registrar of companies. Most important feature of an OPC is that it’s formed by only one person as a member and in which member and director can be the same person. One Person Company can be registered only as a private limited company in which the name OPC must be used within the bracket. In … [Read more...] about Board meeting for One Person Company
Compliance and annual filing for One Person Company – OPC
In the old Companies Act 1956 there were no provisions of forming a One Person Company. Minimum of two directors and shareholders were required to form a private limited company. With the introduction of new Companies act 2013, a One Person Company can be formed with only 1 person who can be a director as well as a shareholder. One Person Company or OPC is required to … [Read more...] about Compliance and annual filing for One Person Company – OPC
Certification of Annual return by a Practicing Company Secretary
Annual return is a comprehensive document containing information of a company relating to its share capital, indebtedness, directors, shareholders, changes in directorships and other important disclosures. According to the Companies Act 2013, annual return can be divided into three parts; Form MGT-7- Annual Return [Sec.92] Form MGT-9- Extract of Annual Return which … [Read more...] about Certification of Annual return by a Practicing Company Secretary