The directors control the company’s affairs and act as its agent. A company is a legal person; hence the directors are not personally liable for acting on behalf of it. They have a fiduciary relationship with the company and its shareholders. However, if a director acts beyond his power, he can be held personally liable. […]
private limited company
A private limited company is a separate legal entity. The director acts on behalf of it and fulfils the managerial duties. Along with that, he takes decisions for the company and keeps it compliant. The Board of Directors represents the company. Read More :- Types of Directors in a Private Limited Company
Starting a new business follows a long to-do list. As you master your business part, I want to discuss a crucial part of this setup – choosing the right business structure. Checkout the main business structures in India. Read More :- How to choose the right business structure for your business?
For an entrepreneur building a new business is exciting and overwhelming at the same time. Variety of factors are considered so that the risks and pit falls involved can be eliminated. It has been observed that most new businesses and start-ups opt for partnership and not private limited company thinking it’s easier to manage with […]
Change of Company’s name is handled on various cases through voluntary steps by Board of Directors or the members after Private Limited Company Registration. In addition to this voluntary change of company’s name, the Registrar of Companies, may during or after Private Limited Company online registration mandate the change of name of company, if the […]
Hope your entrepreneurial journey has been rewarding for you in last financial year, and thank you for making your contribution to build corporate India. While you have already mastered how to successfully manage day to day operations of your business, it is important that you comply with statutory requirements. Annual compliances are mandatory requirement for […]
A Company is an organisation, registered under Indian Companies Act, 2013. A Private Company is a body corporate Incorporated with minimum of two Directors and two members (shareholders). The number of members can be increased up to 200 in a Private Company. Read More :- Is Private Limited Company right entity for my business?
A Private Limited Company is an organisational vehicle to carry on business in corporate structure. The process of company registration is provided under Indian Companies Act, 2013 whereas Ministry of Corporate Affairs is the regulatory body for this purpose. The process of company registration is simplified by the amendment in the provision applicable. In this article, we […]
Now-a-days, entrepreneurs opt for company form of organisation and looks at the scope of entering into Corporate World. Various types of companies can be formed according to the requirement of business and its activities. In this blog, we will discuss the basic types of a company in India. A company, as per Indian Companies Act, […]