A company is a legal unit made up of people who operate a business enterprise. Let’s understand, who is a director in a company? A company is like a family where each member is allotted certain duties so that the family can thrive and prosper. Elders take decisions in the best interest of the family; […]
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For stakeholders such as government, investors, customers and shareholders it is necessary to ensure if the person is following the rules specified under various laws. Hence the government has introduced the concept of Audit. Mainly it is for the benefit of the investors. Read More :- Is an audit a mandatory requirement for your business?
Which one should you choose and go for? It is best to decide the ideal business structure before starting a new business. This decision is taken based on many factors like how many people start it. If it is two or more, then registering a Private Limited Company or a Partnership firm serves a better […]
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. […]
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?
A Private Limited Company is a business entity held by small group of people. It is registered for pre-defined objects and owned by a group of members called shareholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure. Read More :- What is a Private Limited Company?
The prime characteristic of the company structure is separate legal identity, which allows it to enter into contract with parties and own assets in its own name. A company obtains the legal identity after its incorporation and registration in India. However, more often, it is observed that the promoters enter into contract with third parties […]
The One Person Company (commonly known as OPC) is the type of entity which is owned by a single person. It allows a sole person to own and also manage the entire business operations. The OPC as a business structure is recently introduced in India through Companies Act, 2013 to administer the proprietorship businesses and […]
Sufficient money is the key to achieve sustainable growth in a business. Lack of funding to suffice the operational requirements is one of prime reason of business failure majorly in initial years. Promoters of Private Limited Company finds limited sources to infuse funds for the projects and operations of company. Where a Public Limited Company […]
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, […]
The organisational structure of Private Limited Company is highly preferred by the start ups these days considering the ease in raising funds through shares allotment at premium pricing. Most of the venture funds and other investors have a strong preference for this formation type because of limited liability, transparency in accounts mandated by law, amongst other benefits. […]