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Company Name Search Vakilsearch

Details: Every company needs a unique name. Search and register your company name in just minutes. Vakilsearch’s tool is free and easy to use. Our experts will help you get your company registered with India's leading platform starting at just ₹999/-*.

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All You Need to Know About Private Limited Companies

Details: The companies that run Flipkart, Ola, Snapdeal, Carat Lane, and Zoom Car are all private entities, while those that run Zomato, MakeMyTrip, and Infibeam are among the first Indian internet startups to have gone public. What is a Private Limited Company?

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Private Limited Companies: Things You Must Know

Details: Private Limited Company is the most prevalent and popular type of corporate legal entity in India. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. In this article, we look at the private limited company registration process and documents required in detail.

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All You Need To Know About One Person Companies

Details: The Companies Act has prescribed no amount in particular as the minimum paid-up capital for a One Person Company. Number of directors. An OPC needs to have a minimum of one director and can have a maximum of 15 directors onboard. OPC’s needs to file a resolution to increase the number of directors. Special privileges

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How To Incorporate A Private Limited Company Under …

Details: Private Limited Companies are governed by the Companies Act, 2013 under the Ministry of Corporate Affairs (MCA). The MCA has made the process of company registration simple, thereby enhancing the ease of doing business in India. According to Section 3(1) of the Companies Act, 2019, an organisation can be formed by:

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How Many Types of Pharmaceutical Companies Exist

Details: As per trade analysts, Indian pharmaceutical companies are expected to see a rise in their operating margins on improved product mixes and cost control during the quarter ending December 2020. A notable 3.4 ppts improvement in the EBITDA margin is also expected for Indian pharma companies over FY20-23CL.

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Companies Fresh Start Scheme, 2020 Vakilsearch

Details: A) Companies Fresh Start Scheme 2020 (CFSS) Government announces waiver of additional fee (including penalty) of up to Rs 107800 for 1 year and exempted forms are ADT-1, AOC-4, MGT-7, KYC and 22A. Government announces waiver of additional fee (including penalty) of up to Rs 136900 for 2 years and exempted forms are ADT-1, AOC-4 – 1st year

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18 Post Incorporation Compliances Companies Should …

Details: Additionally, companies that have a TAN must deduct and deposit the required TDS amount every month. Such companies have to file their TDS returns on time every quarter as well. Moving on, here’s a quick look at the compliances that companies need to fulfil on an annual basis. File MGT-14 with the MCA if the company passes any special resolution

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Converting an LLP to a Private Limited Company: All You

Details: So, many businesses and companies registered under the LLP ACT are now looking to convert into a private limited company due to the growth in their business and also due to the benefits of a private limited company. An LLP can be converted into a private limited company according to Section 366 of Companies Act, 2013 and also Companies Rules, 2014.

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Annual Compliances of Section 8 Company

Details: Annual Compliance for Section 8 Companies. Every Section 8 company has to carry out the annual compliance tasks listed under the Companies Act, 2013 and Income Tax Act, 1961. This ensures that the company is trustworthy and credible while avoiding penalties for non-compliance. Compliance tasks need to be carried out throughout the year and can

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Why do Companies Ask for a PAN Card Before an Interview

Details: 2) Another possible reason why companies ask for a pan card is- in case you get selected for the interviewed position, the company would require your PAN details to credit your salary, TA/DA or other entitlements. As per IT rules, income tax needs to be deducted at source for any kind of salary credited to an employee.

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Annual Compliances for a Private Limited Company

Details: Companies Act – Annual Compliances for a Private Limited Company. With the inception of the Companies Act in the year 1956, the definition and scope of Private Limited Companies have undergone a lot of changes. Nowadays, startups are fast becoming a trend but it is not easy to organise and run a private business corporation, considering the

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Annual Return Filing for Private Limited Companies

Details: The Companies Act of 2013 requires that all companies, with the exception of a one-person company, must hold an annual general meeting (AGM) year after year. An annual general meeting (AGM) is the mandatory annual gathering of a company’s participating shareholders.

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Top 10 Consumer Cases a Responsible Consumer Must Know

Details: It was ruled that insurance companies cannot escape from paying the claimants on technical grounds. Especially when the claimant has valid reasons for it. The Court directed the Respondent company to pay a sum of ₹8,35,000/- to the Appellant along with interest @ 8% per annum. He was also awarded ₹50,000 as compensation.

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Address & Contact Details of Registrar of Companies (RoC

Details: The Registrar of Companies is a body that plays a significant role in the administration of various types of companies and Limited Liability Partnerships in India. Before commencing a business, you need to register your organization with the Registrar of Companies which is a part of the Ministry of Corporate Affairs.

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Why do Public Companies Go Private

Details: Companies usually go public to raise capital in the hopes of expanding. Venture capitalists and private equity firms may use IPOs as an exit strategy, i.e. a way of getting out of their investment in a company and enabling them to get returns. Start Your Business.

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What is the Compliance Required for Section 8 Companies

Details: As per section 8 of companies, an NGO can be registered with no profit motive and in companies act, 2013 the Compliance of section 8 companies have been simplified and compliance for section 8 Companies are 100% online process. in this article, we will discuss what is a section 8 company and the applicable compliance of section 8 companies.

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Asset Reconstruction Companies Are the Future of Debt

Details: Asset reconstruction companies are gaining traction because of their ability to take loans off the balance sheet of banks. This is likely to help banks perform better, while also taking away the bad loan on behalf of the individual borrower or the borrowing company. With the increasing need for loans in the post-pandemic recovery phase, this

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How to Get a Company Registration Certificate

Details: Step 4- Pay the incorporation fee. Once you pay the requisite filing and registration fees, send a physical copy of the company’s Memorandum and Articles of Association to the RoC. After verification of the information and documentation furnished, the …

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7 Types of Company Registration Available in India

Details: Such companies need to obtain a certificate of registration from the RoC before commencing business operations. As per the Companies Act of 2013, the following criteria must be met to register as a public limited company: Minimum of three directors At least one of the directors must be an Indian resident

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What you need to know about Private Limited Company

Details: Among the many forms of companies present in India, a private limited company is the most common, as the requirements for its registration and other formalities are comparatively less than for other legal entities. A private limited company is regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014.

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All About Form 29B Under the Income Tax Act, 1961

Details: Companies must calculate the tax due under MAT and as per standard tax laws and pay the larger amount as their tax liability. If the MAT amount is comparatively higher, then the company must pay the MAT liability is calculated based on their book profits. Form 29B is the document that specifies the company’s book profits and hence is an

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EPF Registration for Employers: A Step-by-Step Guide

Details: All companies and organisations, whose strength exceeds a total of 20 employees, have to mandatorily register for EPF. The amount contributed to EPF by the employer and the employee, in this case, is 12% of basic wages along with dearness plus retaining allowance.

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Private Company Registration Online Incorporation India

Details: Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships. Limited Personal Liability The protection generally afforded a corporate shareholder, limited partner or a member of a limited liability company from the debts of and claims against the company.

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How Much Do Scientists Earn From Drug Patents

Details: Many companies now recycle their patent, add minute changes, and refile to extend their patent protection. Additionally, other companies do not innovate themselves but focus only on selling generic drugs. Therefore, the patent system has led to a reduction in innovation in some cases. Additionally, by providing researchers and scientists with

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Private Limited Vs. LLP Vs. OPC

Details: The tax surcharge applies to companies with profits over Rs. 1 crore doesn’t apply to LLPs, nor does Dividend Distribution Tax. Loans to partners are also not taxable as income. Number of Partners. There is no limit to the number of partners in an LLP. So if you’re building a large advertising agency, for example, you needn’t worry about

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How do pharmaceutical companies price drugs

Details: Individual companies even buy expired drug patents, spend nothing on R&D, and sell the drugs at higher prices. 2. Pharmacy benefit managers. They work on behalf of insurance companies and negotiate discounts on drug prices with pharmaceutical companies. Being a kept a secret, the discount reaching the customers is not aware of. 3.

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What Is a Producer Company

Details: Producer companies avail the following benefits: Every member of the company will receive a value for the product or products pooled and supplied as determined by the director. The amount will be distributed in cash or by allotment of equity …

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Section 8 Company: Definition, Features and Formation

Details: Section 8 companies are formed with a charitable objective of social welfare, without any intention to get any kind of profit or dividend. Section 8 Company is a legal entity for non-government or non-profit organizations. Some of the Section 8 companies in India are Reliance Research Institute, OTC – Over the Counter Exchange of India

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Types Of Shares/Securities For Private Limited Companies

Details: The Companies Act of 2013, however, prevents a company from issuing irredeemable preference shares. As a general rule, a company limited by shares may issue preference shares liable to be redeemed within a period not exceeding twenty years from the date of their issue. 3. Participating and Non-participating

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How to Convert a Sole Proprietorship to a Private Limited

Details: The Companies Act of 2013 and the Income Tax Act of 1961 govern the conversion of a sole proprietorship firm to a private limited company. Proprietorship conversion can be accomplished by following the processes outlined below: The director identification number (DIN) and the digital signature certificate (DSC) must be obtained for all the

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Documents Required For Private Limited Company

Details: The Registrar of Companies (RoC) is very particular about the documents you submit during the company registration process. Since the process is online, there is no room for asking anyone if what you are submitting is correct until it reaches the RoC. The slightest mistake can result in the process getting delayed for a few weeks.

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Registered Office of a Private Limited Company

Details: If the company has not locked down on a registered office when filing for incorporation, the Companies Act, 2013 allows such a company to declare a temporary address. However, within 15 days of the company’s incorporation, the reg office must be declared by filing INC 22. The Takeaway

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Understanding the Equalisation Levy Tax for Non-resident

Details: Many of the non-resident companies generate huge revenues from offering advertisement services in India. They also benefit primarily because of the wide user base in India. In this post, we assess the legislative, taxation and business impacts of the equalisation levy tax. Nature and Need of Equalisation Levy – India and the world

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How are Section 8 companies different from Trust and

Details: The companies which are registered under Section 8 do not require much share capital. They can be easily funded from subscriptions or donations made to them. Unlike the limited liability companies who are generally not allowed to transfer the ownership or title, but as per section 8 of the Income Tax Act, 1961 allows the transfer of ownership

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Fast Track Exit (FTE) Mode: strike off the company's name

Details: The Ministry of Corporate Affairs of India introduced the Fast Track Exit Mode or the FTE mode on 3rd July 2011, to help non-functioning companies to remove their company names from the register on time. Any business owner running a non-profitable business, owning a defunct business, or planning to start a new company can use the FTE Mode to get their company’s name struck off from …

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