STARTUP
Private Limited Company
The default alternative for start-ups and developing organizations as handiest personal restrained agencies can boost project capital. This kind of organisation gives restrained legal responsibility for its shareholders with positive regulations located at the ownership. Private restrained organisation registration, administrators can be distinct from shareholders.
Limited Liability Partnership
LLP changed into added to offer a shape of commercial enterprise that is simple to keep and to assist proprietors via way of means of supplying them with constrained legal responsibility. Limited Liability Partnership Registration combines the advantages of a partnership with that of a constrained legal responsibility company. LLP changed into added to offer a shape of commercial enterprise
One Person Company
The first-rate shape for solo marketers searching past the possibilities a sole proprietorship affords. Here, a unmarried promoter profits complete authority over the company, limiting his/her legal responsibility toward their contributions to the enterprise. The stated individual might be the only shareholder and director.
Section-8 Company
A section 8 corporation is a firm that is registered for philanthropic reasons, such as the promotion of the arts, commerce, sports, science, education, environmental protection, religion, and charitable endeavours.
The charitable business is registered under Section 8 of the 2013 Companies Act, which gives it a special status because of its goals. Section 8 enterprises benefit from a number of exceptions and relaxations as compared to other types of businesses.
Nidhi Company
A Nidhi company is a specific type of entity recognised under Section 406 of the 2013 Companies Act in the Indian non-banking finance sector. Their primary line of work is lending and borrowing money among its members. Members (or shareholders) are encouraged to save money and put it to use inside the business in this way. The corporation then uses these deposits to provide loans and advances for its owners and members, as well as to buy assets issued by the government. The RBI oversees all of its financial transactions, while the Ministry of Corporate Affairs is in charge of managing it.
The term "Nidhi Company" refers to an organisation formed with the purpose of encouraging members to save money and practise thrift, as well as to take deposits from and lend to members solely for their mutual benefit.
Partnership Firm
A enterprise shape wherein or greater people manipulate a enterprise according to the phrases in Partnership Deed. It`s first-class appropriate for domestic businesses which can be not likely to take any debt because of low cost, ease of putting in and minimum compliance requirements. LLP become added to offer a shape of enterprise
Sole Proprietorship
Meaning of a sole proprietorship The solo proprietor and its business entity are individuals working on business endeavours. An individual's identity and the identity of the company are indivisible. But because of its flexibility, lower tax rate, and other benefits, people like this form for starting a firm.
Manage Your Business
Addition of New Director
The Companies Act of 2013 stipulates that anyone appointed as a director must be substantial and competent. The members' consent is also required for the appointment. In order to learn more about the process for adding a director to a corporation, get in touch with JK & Associate's professionals.
Change of Name
The process for changing a business's name involves holding board meetings, passing a resolution about the name change of a private limited company over member meetings for their individual acceptance, and then obtaining name reservations and Central Government clearance for the change in question. After updating the Register of Companies, a new Certificate of Incorporation will be submitted by RoC under the new name. The assets and liabilities of the firm remain constant because the company's existence is unaffected by the change in name.
Change of Company Objective
Conducting board meetings and passing board resolutions for change in object clause companies act 2013 through member's meetings for their respective consent are part of the procedure for changing the object clause in the company. After revising the Register of Companies, RoC will issue a new certificate of incorporation. The company's assets and liabilities are untouched by the change in company objectives since the company's continued existence is unaffected.
Company Closure
The challenges of business ownership are apparent. Rarely, a business may need to close if things do not work out. Before ceasing operations that include layoffs, businesses must provide employees an appropriate and advance notice of the closure. There may be specific grounds for closing or winding up the business. Here are the four ways a private limited corporation may be dissolved.
• Convert the Business
• Defunct Company Winding Up
• Compulsory Winding Up
• Voluntary Winding Up
• Convert the Business
• Defunct Company Winding Up
• Compulsory Winding Up
• Voluntary Winding Up
Change of Registered Office
The process for changing the registered office depends on whether the office is moving inside the city, within the RoC region, or to another state. In all circumstances, shareholder consent and the concerned RoC's approval are required. If you are moving your registered office to a new location, a resolution for the change of registered office format should be prepared.
Employee Stock Option Scheme(ESOP)
An employee benefit plan that gives employees a stake in the business is known as an ESOP, or employee stock ownership plan. Employee stock ownership programmes may be publicised as bonuses, profit-sharing plans, or direct stock, and the employer is solely responsible for determining who is eligible to participate in these options.
License
MSME/SSI Registration
The country's government established the MSMED Act in order to support and encourage these small-scale industries. The Act was established to keep track of all the industries classified as SSI or MSME.
According to the Act of MSME Development-2006, each of these entities must have an MSME/SSI certificate of registration, which must be registered with the Central Government's MSME department.
Professional Tax Registration
The tax known as "professional tax" is imposed by the various state governments of India on salaried individuals who work for government or non-government organisations or who are engaged in the practise of any profession, including accountants, attorneys, doctors, and others, or on individuals who engage in some type of business or profession.
In India, state-level taxes are levied on professional income. On the state government website, you can check your P taxes online.
States collect money at different rates and in different ways. Not all states impose taxes on it. Employers deduct professional tax from salaried employees' pay, and the State Government then receives the money.
ISO Certification
An international standard for quality management systems is ISO 9001:2015. (QMS). It outlines a framework for raising quality and a vocabulary of perception for any business striving to provide goods and services that continuously meet the needs and wants of clients and other relevant interested parties in the most effective way.
DOT/OSP License
According to the New Telecom Policy of 1999, non-telecom services such as telebanking, telemedicine, tele-trading, and e-commerce will be allowed to operate using the infrastructure provided by various access providers. The Telecom Commission granted preliminary approval in May 1999 for the establishment of domestic and international call centres in the nation falling within the aforementioned category. Later, additional services were added to this category, including vehicle tracking systems and network operation centres.
Trade License
Trade License India is a permit or licence given by a local body allowing someone to operate a specific business at a specific address. It makes sure that improper commercial practises do not pose a health risk or a nuisance to the community. a business permit. While a business owner might be anxious to just open shop and start selling a good or service, they first need to complete trader registration in India.
PF & ESI Registration
The Government of India established the Employee State Insurance (ESI) programme to provide workers with financial, medical, and other benefits. Employees' Provident Fund, on the other hand, is a social security programme that enables workers to set aside a small amount of their pay for future benefits. Companies complete PF ESI common registration during the onboarding of new hires.