In 2013, the Companies Act introduced one person company(OPC) where a company can be incorporated by a single person. The Ministry has also laid down guidelines for the conversion of a one-person company into private limited company in the Companies (Incorporation) Second Amendment Rules, 2021. In this article, we look at the definition of one…
Online shopping has become the new way of buying things with just a click. With increased internet facility the e-commerce industry is recording high growth. Starting an online retail business is one of the best options in this tech-savvy world. More and more people are opting for online shopping in this era of coronavirus pandemic…
Charity means helping the needy. The help can be done in cash or kind depending on the need of the person you want to help and resources available with you. Charitable Trust, NGOs appeared as a big help in the recent times when world is fighting COVID-19 pandemic. If we give donations, we get deduction…
The Companies (Creation and Maintenance of data bank of Independent Directors) Amendment Rules, 2021, came into existence on 21st June, 2021. It was introduced for the amendment of the 2019 Rules on creation and maintenance of data bank of independent directors. Now as per the amendment, Indian Institute of Corporate Affairs (The institute) will charge…
Any public limited company is authorised to issue share capital, so as to raise funds for its business. The share capital can be of two types- equity and preference shares. Shareholders of the preference shares as the name suggests are preferred over equity shareholders. In this article we will discuss the process for issue of…
India is among the top growing economies with a large-scale market and human resources. Establishing operations in India will give foreign companies a break in India’s emerging market. Global entrepreneurs and companies looking to establish a business in India can start their business in India without being a resident. Foreigners don’t need a residency visa…