Understanding the different types of companies is essential for entrepreneurs and business stakeholders. The Companies Act, 2013 provides a structured framework for various corporate entities, each with unique characteristics and regulatory obligations. The most common types of companies include private limited companies, public limited companies, One Person Companies (OPCs), and Section 8 companies. Private Limited […]
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Introduction Micro, Small, and Medium Enterprises (MSMEs) play a pivotal role in India’s economic landscape, driving innovation, employment, and inclusive growth. MSMEs are defined based on specific investment and turnover criteria, enabling structured support for their development. Understanding MSMEs The Indian government has refined the definition of MSMEs to better align with evolving economic conditions. […]
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Introduction At its core, a startup is not merely a new business, it is a dynamic, often technology-driven entity designed to address a specific market gap with an innovative solution and a scalable business model. The objective is not just sustainability but accelerated growth and a transformative impact on industry. Eligibility criteria as per Startup […]
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Introduction For entrepreneurs launching a business in India, selecting the right structure is crucial. Two commonly preferred options are the Limited Liability Partnership (LLP) and the Private Limited Company (Pvt Ltd). Both structures offer limited liability, protecting personal assets from business liabilities, but they differ in governance, compliance requirements, and suitability for various business types. […]
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Introduction In India’s evolving economic landscape, a company’s shares serve as the foundation of business ownership and investment. Instead of being owned by a single person, ownership is divided into smaller units by allocating shares, these are the company’s shares. Acquiring shares means securing a fractional stake in a company, granting the shareholder a proportional […]
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Setting up a company in India requires a structured process which is regulated by the Ministry of Corporate Affairs (MCA). The streamlined guide for entrepreneurs to navigate the registration process efficiently is as follows: Check name availability of company The first and the most important step is to check the existing company names to ensure […]
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Introduction To foster transparency and accountability within Indian corporate governance, prospective director(s) of any entity must possess a Director Identification Number (DIN). DIN is a unique eight-digit code which is issued by the Ministry of Corporate Affairs (MCA) and is a prerequisite for individuals seeking to become directors in Indian companies. It is mandated under […]
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Introduction The Board of Directors (BOD) stands as the core governing authority within a company, tasked with supervising activities, ensuring adherence to mandates, and charting its strategic course. The board is instrumental in upholding corporate governance principles, safeguarding the interests of all stakeholders, and navigating the organization towards enduring growth. Board of Directors comprises individuals […]
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Introduction To operate a private limited company in India, one must adhere to a structured set of compliances which are mandated by the Companies Act, 2013 and other relevant guidelines. These regulations are not just formalities but are essential for maintaining credibility, ensuring smooth operations, and fostering investor confidence. A proactive approach to compliance helps […]
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In the dynamic world of commerce, a robust framework is paramount for fostering transparency, accountability, and ethical business practices. In India, the cornerstone of corporate governance is the Companies Act, 2013. This pivotal legislation serves as the bedrock for the formation, operation, and dissolution of companies, significantly shaping the nation’s economic ecosystem. At its core, […]
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A provisional specification serves as an initial document filed with the patent office to secure an invention’s priority date. This type of specification provides an inventor additional time of 12 months to develop and submit a complete specification. A provisional specification is vital for securing priority date and serves as the foundation for future filings. […]
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