What is Articles of Association (AOA)? Articles of Association (AOA) is an important document of Company. It contains the rules and regulations or bye-laws of the company. They are related to the internal working or management of the company. It…
What is Memorandum of Association? MOA Full Form is a Memorandum of Association (MOA). Memorandum of Association is the main document of a company which defines its objects. It lays down the fundamental conditions upon which alone the company is allowed to…
Introduction A private limited company is a company established by a few individuals privately having a separate legal entity. The liability arrangement in these is that of a limited partnership, wherein the liability of a shareholder extends only up to…
What is a Partnership Deed? A Partnership Deed is is a written legal document that consists of an agreement between two or more individuals who would like to manage and operate a business together in order to make a profit. It is a…
Meaning of Partnership Firm: A partnership firm is created when two or more persons unite together and pool resources to establish a business. According to Indian Partnership Act, 1932, Section 4 defines Partnership as – “An agreement between persons who…
Meaning of Partnership Firm: A partnership firm is created when two or more persons unite together and pool resources to establish a business. The name under which their business is carried on is referred to as the “Firm Name.” Individual…
What is Sole Proprietorship? A sole proprietorship also referred to as a sole trader or a proprietorship is an unincorporated business with one owner. So such a firm is a one-person operation. “Sole” means only and “proprietor” refers to the…
One Person Company (OPC) in India introduced through the Companies Act, 2013 support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. It is a step forward to facilitate more business…
Audits are an extremely important part of business accounting and provide a lot of benefits. There is also a range of different types, each conducted for different reasons and to gather different results. Many people get confused amidst statutory audit and tax audit in…
Meaning of a Statutory Audit: Statutory Audit means a type of audit mandated by the law or a statute to make sure that the book of accounts is true and fair which is presented to the public and regulators. A…
