What is One Person Company What I OPC? – Full form, Definition and Benefits The most prevalent types of corporate legal entity for small business at an initial stage which is started, managed and executed by a single individual is One Person (Private Limited) Company – OPC. Government of India promotes the entrepreneurs of the…
One person Company (OPC) – Registration Process What is One Person Company (OPC)? The Companies Act 2013, introduced the concept of One Person Company (OPC) in India. This enabled the entrepreneurs to start a venture if they are capable of doing so. It is important to note here that the rules do not permit non-banking…
FSSAI Registration and License Document Application Checklist FSSAI License Checklist According to the Food Safety and Standards Act, an FSSAI registration is mandatory for all food business operators. This registration must be obtained through the FSSAI Food Licensing and Registration System. When applying for this license, keep a document checklist handy for ease. Documents Required…
FSSAI License Renewal If you are in the food business, then you must be very much aware of FSSAI food license and FSSAI License Renewal. FSSAI is known as Food Safety and Standards Authority of India. The FSSAI food Registration is mandatory for all the food business operators across India to start a food business.…
Registration Process Of Limited Liability Partnership About Limited Liability Partnership (LLP): According to Ministry of Corporate Affairs, Limited Liability partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. In simple words, the partners have limited liability such that their personal…
Top 10 LLP compliances Post incorporation, every LLP must follow timely compliances of ROC. These compliances and procedural matters ensure smooth functioning of the LLP. Overall, the compliance requirements are least for LLP. However, one must be careful to ensure post incorporation of compliances for LLP to avoid heavy penalties. For this purpose, one may…
What is Limited Liability Partnership? According to Ministry of Corporate Affairs, Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. As the names suggests, partners in LLP have limited liability. This means that personal assets of the partners…
One Person Company vs Sole Proprietorship Firm in India Proprietorship has been defined as the simplest business form under which one can operate a business. It is not a legal entity and refers to a person who owns the business, personally responsible for its debts. A sole proprietorship can operate under the name of its…
Procedure for Company Incorporation in India Company Registration is an extremely important process before starting a business in any country. Today, we witness the stiff competition in the Indian market and businesses find it extremely challenging to cope up with the speed at which the economy is booming. The business sector is proliferating and given…
WHAT IS COMPANY INCORPORATION Company Incorporation in India One of the most important rules a businessman or entrepreneur needs to follow is to register your company legally as per the rules laid down by the government. In this article, we will discuss about the various procedures that businesses needs to follow as well as the…