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…
The Indian government launched an initiative called the Startup India Scheme in 2016, to encourage the growing culture of startups in our economy. The main objective of the scheme is to promote the startups, generate employment and wealth creation. These…
The Startup India Scheme is an initiative by the government of India which aim to encourage the development and innovation of products and services and the creation of employment opportunities across the country. The Startup India initiative was announced by…
In India, startups are getting increasingly popular. The government, led by Prime Minister Narendra Modi, has launched and supported the Startup India initiative and wants to encourage entrepreneurs to generate more employment in the country. The Startup India project aims…
What is SPICe form? SPICe stands for Simplified Performa for Incorporating Company electronically. SPICe is an application form for incorporating/registering a company with MCA. The company here means any kind of firm may it be a Private limited company, Public Limited Company, One…
In the process of new company incorporation, the first and significant step is to select a name that is unique and which will give recognition to the company. A company name represents what your brand stands for. Names create an…
A Public Limited Company is a creation of law and is incorporated as per the law and provisions laid down in The Companies act 2013, and the rules made thereunder. Some various rules and regulations are prescribed under the Companies…
As per the Companies Act, 2013, only natural persons can be directors. Company is an artificial legal entity and it can act only through the agency of natural persons. Prior to appointment, the directorial candidates need to obtain a DIN (Director’s…
The Companies Act, 2013 does not mandates a Private Company to appoint Managing director, Whole-Time Director or Manager. Only an Individual (living person) can be appointed as a Director in a Company. A body corporate or business entity cannot be…