The successful working of partnership depends upon the mutual confidence and utmost good faith among the partners because each partner is an agent of others and bind them to the fullest extent of their fortunes. If the working of the partnership firm goes smooth and there is a good understanding between the partners within themselves and with the outsiders,the registration of the partnership firm is not compulsory but it should be registered with the Registrar of Firms soon after its formation.
Private Limited Company:Company Registration process in India is completely online and is regulated and administered under the Companies Act, 2013 by the Ministry of Corporate Affairs (MCA) and processed by the Registrar of Companies from the Central Registration Centre (CRC).Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.
A 'Public Company' is a limited company formed with minimum of 7 members and 3 Directors. There is no restriction for Maximum number of members in a Public Company. The name of the company should end with the words 'Limited'. Subject to the compliance of the Companies Act, a company can issue shares to the public and can accept deposits from the public. Operations of public limited companies are subject to more stringent compliance of many of the restrictive provisions of the Companies Act.Generally, companies that require huge capital investments opt to be registered as a Public Limited Company.
One Person Company or OPC means a company which has only one person as a member.An OPC is classified as a private company under Companies Act. OPC has all benefits of a private limited company such as protecting personal assets from business liability, separate legal entity and perpetual succession. One Person Company (OPC) is a Company registered with ONLY ONE PERSON as its shareholder.
A Limited Liability Partnership (LLP) is a form of business that offers the combined features of ‘Partnership’ and ‘Limited Company’ business structures. This business form was introduced in India in April 2009 with the enactment of the Limited Liability Partnership Act, 2008.In an LLP, a partner is not responsible or liable for another partner's misconduct or negligence. Instead, all partners have limited liability, limited to their own acts of commission or omission, similar to shareholders’ liabilities in a limited company.
LLP registration is administered by the Ministry of Corporate Affairs (MCA) through the Office of the Registrar of Companies. The incorporation process is fully electronic, similar to the company registration process, i.e. applications and documents are filed electronically and the Registrar issues a digitally-signed Certificate of Incorporation (COI).
Micro-Small & Medium Enterprises (MSMEs) contribute largely in the socio-economic development of our country. MSMEs come under the Ministry of Micro, Small & Medium Enterprises and are required to be registered to avail benefits under the Micro, Small and Medium Enterprises Development (MSMED) Act. MSME registration is highly important, as it enables these enterprises in availing benefits from various government initiated schemes
A Trust is registered as A Non-Government Organization which is governed by the Indian Trust Act of 1882. Generally, Trust defines as An arrangement by which property is handed over to or vested in a person, to use and dispose of for the benefit of another person. Trust Formation can be classified into two methods first is Private Trust formation which is created for the benefits of the particular group of individuals known as beneficiary and the second is public trust formation which is created for the benefit of general public.
The project report necessarily contains details about the financial, economic, managerial, production and technical aspects of the business. This also involves in-depth information & analysis about resources requirements such as production, machinery, manufacturing process, manufacturing capacity, the requirement of raw materials, manpower, power and water, and other business-related expenses
It is mandatory for a business to present the Project Report for bank loan including business plan, projected financials, viability study, technical analysis, etc, for availing loan or funds from a bank and other financial institutions in order to meet the financial requirements of the business.
Land ownership and leases, residential or commercial, frequently lead to disputes, either between neighbouring owners or between landlord and tenant. Disputes can also arise in partnerships and other commercial contracts. We are well placed to advise you on alternative dispute resolution, through arbitration or mediation.
A Digital Signature Certificate (DSC) is a secure digital key that certifies the identity of the holder, issued by a Certifying Authority (CA). It typically contains your identity (name, email, country, APNIC account name and your public key). Digital Certificates use Public Key Infrastructure meaning data that has been digitally signed or encrypted by a private key can only be decrypted by its corresponding public key. A digital certificate is an electronic "credit card" that establishes your credentials when doing business or other transactions on the Web
DIN Number or Director Identification Number is a unique 8 digit number that is required for any existing or proposed Director of a Company. Director Identification Number (DIN) has been introduced in India by way of the Companies Amendment Act, 2006.DIN number is mandatory for any person intending to register a Private Limited Company or Limited Company or One Person Company (OPC) in India and be a part of the Board of Directors. DIN number is not required for shareholders of a Company. Further, a DIN number can be used for registering a Limited Liability Partnership (LLP) or an existing DPIN (Designated Partner Identification Number) can be used for registering a Company.