A private company is a business entity held under private ownership. The company may issue stock and have shareholders, but company's shares do not trade on public exchanges like BSE or NFT and are not issued through an initial public offering (IPO).
A public limited company (PLC) is a business entity that trades its securities in the stock market or offers its shares to the public. It raises a good amount of funds through public issue shares. A public limited company is easy to incorporate and this is the key reason behind its huge popularity in India. A PLC can be formed with a minimum 3 directors and 7 shareholders along with a registered office.
A private limited company (PLC) is a privately held business entity. The liability of a private limited company's members is limited to the number of shares held by that member. A PLC is governed by companies act 2013 and minimum number of shareholders needed to start a PLC is two while maximum limit of members is 200.
Know the key difference between a partnership firm and limited liability partnership(LLP). Check out the detailed explanation of Partnership and Limited Liability Partnership.
Corporate governance is a set of rules, regulations, processes and practices implemented to control the activities of an entity.
Many startups and SMEs are coming into existence now a days. They are completely focused towards developing their business and increasing their clientele but they should not forget about the statutory and other government compliance which they are mandatorily required to do during the year.
Business structure is a structure in which an entity is legally formed and registered. The nature and functions of the entity will solely depend upon its business structure.
The startup culture is booming in India. Many youngsters are coming with their own unique ideas to start their own business.
But to run a business, you need money. Many a time, the capital brought in by the promoters is not sufficient to scale up the business.
LLP or limited liability partnership is considered as a partnership in which a few or all company partners have limited liability.
We have all heard about the Income tax raids. Every other day we read in the news about the black money seized during the raids. But do you know what power does the Income tax officers have to conduct raids, and do the assessee also have any rights in the process of search and seizure on him.
We have all heard that government is taking various initiatives for MSME in India but most of us unaware of the details and therefore are unable to take the benefits of the same. We will discuss here some of the recent schemes and benefits that the government has offered for the MSMEs in India.
If you are planning to start up your business online, then there are plenty of things that you must know. A big amount of money is spent on advanced technologies, tools, business applications and many other things every year.
A double taxation avoidance agreement (DTAA) is the agreement signed between two or more countries to avoid double taxation on the same incomes in two or more countries.
The Indian government is constantly changing the laws to maintain the safety of food in the country. FSSAI is the Food Safety and Standard Authority of India which handles all the issues related to food products.
Starting a new business involves many steps from planning to documentation work. It takes a long time to register a new business in India. Looking at the problems of small businesses, the government started the Udyam Registration process in India,
Filing ITR in India is compulsory for all those individuals who earn a yearly income of INR 250,000 and above.