Things to do to make your business accounting simpler
Things to do to make your business accounting simpler Separate bank account To open a separate business account right from day one of your business so it is easier to track exclusive business incomes & payments and account for them easily. It will also help to maintain clean business history & will have clear bifurcation […]
Format of Resolution by Circulation
Format of Resolution by Circulation The following Resolution is intended to be passed by circulation as per the provisions of Section 175 of the Companies Act, 2013. A note explaining the urgency and necessity for passing the said Resolution by circulation and the supporting papers (if any) are enclosed. and also it includes particular Format […]
Compliances for Limited Liability Partnership
Compliances for Limited Liability Partnership LLP – Limited Liability Partnership, like the name suggests that the biggest advantage of an LLP structure is that its Partners’ liability is restricted to their share of investment in the LLP, as against unlimited liability in case of a Partnership firm. This means, in case of debt, the Partners’ […]
Introduction of form MGT 7A by ministry of corporate affairs
Introduction of form MGT 7A by Ministry of Corporate Affairs Recently the Ministry of Corporate Affairs has notified a separate form for small companies and one-person companies (OPC) under section 92 read with sub-rule (1) rule 11 of the Companies Management and Administration rules. In this regard, it is pertinent to note that the Finance Bill, […]
Compliances of a Partnership Firm
Compliances of a Partnership Firm Mandatory Compliances of a Partnership Firm Partnership firms are relatively easy to start and are prevalent amongst small and medium sized businesses in the unorganized sectors. Partnership Firms can be registered merely by a simple partnership deed by obtaining a stamp paper. There is another way, where the Partnership Firm […]
Passing the resolution by circulation
Passing the Resolution by Circulation The Companies Act, 2013 makes the provision of Passing the resolution by circulation, to transact urgent matters in cases where the holding of Board Meeting is not possible on an immediate basis or due to non-availability of Directors. As per Section 175 of Companies, Act 2013 read with Rule 5 […]
Trademark Registration
Trademark Registration in India What is Trademark Registration in India? Trademark registration in India permits the applicant to use symbols or words to symbolize a business or the items offered by a business in order to identify their goods or services from competitors. Once a trademark is registered in India, no other organization may use […]
Virtual CFO and how it can benefit/help Start-ups
Virtual CFO and how it can help Start-ups What is CFO ? The CFO (Chief Financial Officer), person responsible for managing company’s finances, starting from book-keeping and compliance to financial planning for the organisation and corporate investments. CFO, traditionally had the responsibility to perform all reporting tasks with regard to financial aspects of the Company, […]
Partnership and Format of Partnership Deed
Partnership: As per Section 4 of The Partnership Act, 1932: “Partnership” is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Components of Partnership: Persons who have agreed to enter into partnership are called individually, “partners” and collectively “a firm”, […]
ESI Registration
ESI Registration in Bangalore Employee State Insurance, or ESI, is a scheme launched by the Government of India to provide workers with medical, monetary, and other benefits. Employee State Insurance Corporation is the independent authority in charge of ESI, which is overseen by the Ministry of Labour and Employment. Any company with more than ten […]
