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…
What is cryptocurrency? A cryptocurrency is a form of payment that can circulate without the need for a central monetary authority such as a government or bank. A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized.…
Union Finance Minister Nirmala Sitharaman on Tuesday presented Union Budget 2022-23 in Parliament. Budget 2022-23 aims to boost growth amid continued disruption from Covid-19 and rising inflation. This Union Budget laid a foundation and blueprint of the economy over ‘Amrit Kal’…
A Current Account is a type of deposit account offering a significantly higher number transactions (In terms of cheque issuance, deposits, withdrawals, and D.D. issuance etc.) and services designed for businesses. Such as Overdraft, i.e. the ability to avail of…