Directors are an important part of the company for running the operation and for the growth of the company as the director takes the major decision for the development of the company. The main focus of the directors in promoting the…
A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own. A sole proprietorship does not…
The Shops and Establishments Act regulates all the shops and commercial establishments operating within the state. This Act was enacted to improve the management of working conditions and employment in shops, commercial establishments, restaurants, dining establishments, hotels, theatres, and other public…
What is Gumasta License? The Gumasta license is a business license issued by the Maharashtra government to individuals or businesses who wish to operate in the state. The Shop and Establishment Act is called Gumasta in the regional language in Maharashtra. It…
What is a Sole Proprietorship? A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own.…
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
What is a Nidhi Company? Nidhi Company is an NBFC (Non-Banking Financial Company). A Nidhi Company is a non-banking financial entity registered under the Companies Act 2013 with the predominant objective of cultivating the habit of thrift and savings amongst its…
The quorum for the Board Meeting refers to the minimum number of members of the Board to conduct a valid Board Meeting. According to Section 174 of Companies Act, 2013, the minimum number of members of the board required for…
What is Board Meetings? A board meeting is a formal periodic gathering of a board of directors to review performance, consider policy issues, address major problems and perform the legal business of the board. Presided over by a chairperson of…
