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Important Features of SPICe+ for Greater Business Ease

A new Web Form called “SPICe+” (known as “SPICe Plus”) has been implemented by the MCA i.e. Ministry of Corporate Affairs to replace the previous SPICe form as part of the GOI’s Ease of Doing Business (EODB) programmes. SPICe+ offers 11 services from 3 Central Government Ministries and Departments (Ministry of Corporate Affairs, Ministry of Labour, and Department of Revenue in the Ministry of Finance), 3 State Governments of the… Read More »Important Features of SPICe+ for Greater Business Ease

What are the Advantages of GeM Registration?

For empowering small traders & manufacturers, the central government launched a transparent e-Marketplace which is known as GeM. Government e-Marketplace is commonly known as GeM. Any small trader or manufacturer can get a GeM registration for their business in very easy way. What Is Gem? The Government e-Marketplace (GeM) is commonly an e-commerce portal operated by the GoI. It is an online platform where sellers & government buyers meet to… Read More »What are the Advantages of GeM Registration?

Importance of Company Registration

Company Registration is a good step towards business if you do it properly planned registration. We have made an effort to find out the best options before coming into company formation. To decide which is better, Proprietorship or Partnership or Private Limited or OPC company?  What kind of license need like FSSAI? ISO? Start-up? What is the cost?  Come let’s talk about it. The Benefits under Company Registration Legal Entity… Read More »Importance of Company Registration

Incorporation of Private Limited Company – FAQ’s

In this competitive corporate world starting a new business as single entrepreneur is not a good idea. Because in case of proprietorship business, liability of business owner is unlimited and they also struggle to get the funds and better human resources. Nowadays, many people are preferring to join a corporate entity instead of joining a proprietorship business. In this article, we will discuss about the FAQ’s related to Incorporation of… Read More »Incorporation of Private Limited Company – FAQ’s

Setting Up of Business in India

India got ranking on the World Bank’s Doing Business Report, India has improved from 142nd position in 2014 to 63rd position in 2020. The ease of doing business index of India has been improved over the past few years. To set up business in India needs diverse process and procedures, which should be adhered to so your business can run with ease and result in maximum profits with smooth compliances.… Read More »Setting Up of Business in India

Section-8 Company-Incorporations and Myths

Section 8 companies are those companies which are incorporated with a goal to promote arts, commerce, charity, sports, welfare, environment protection, education, medicines, etc. The company’s income or money raised by doing events, receiving donations can’t be used for paying out dividends among the members of the company. The money raised should be used for the purpose of promotional and charitable. Section 8 companies can get their incorporation certificate from… Read More »Section-8 Company-Incorporations and Myths

Annual Filing One Person Company (OPC)

In India One Person Company is the modern form of business which is proposed by the Companies Act, 2013. It is a hybrid structure which combines most of the benefits of a sole proprietorship and a company from of business. Therefore it does away with the hassles of finding the right kind of co-partner/s for starting a business as registered entity. OPC is a company where there is only one… Read More »Annual Filing One Person Company (OPC)

How to Apply DIN Before Incorporation of Company

In this article, we will discuss about can an Individual apply for DIN before Incorporation of Company and what will be the process? If someone wants to get Director Identification Number (DIN), but such person does not have any relation with any Company and right now do not want to incorporate Company. Can such person apply for DIN? If yes, then what will be the process of the same? A.… Read More »How to Apply DIN Before Incorporation of Company

Business Registration Options For Crowd Funding

Section 8 Company is Company built with the purpose of promotion of commerce, art, science, sports, social welfare, religion, charity, education, research, protection of environment or any such other object. It is established mostly for charitable or not-for-profit purposes. What are the Features of Section 8 Company? Section 8 Company does not need a prescribed minimum paid-up share capital. Members’s liabilities of Section 8 Company are limited to their capital… Read More »Business Registration Options For Crowd Funding

Consequences of Not Filing a Declaration for Commencement of Business in e-Form INC-20A

E-Form INC-20A is needed to be filed Pursuant to Section 10A (1) (a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014 for the purpose of Declaration for Commencement of Business. Commencement of Business – Section 10A A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital will not commence any business or exercise any borrowing powers unless-… Read More »Consequences of Not Filing a Declaration for Commencement of Business in e-Form INC-20A