Introduction The process of striking off a company from the official register, governed by the Registrar of Companies (RoC) under the provisions of Section 248 of the Companies Act 2013, represents a significant legal action that results in the dissolution of a company, stripping it of its corporate identity and…

Updated on 08.08.2024 An idea doesn't become a business without effort! Budding entrepreneurs understand the effort necessary to create a business, however, they might not be familiar with the micro details of launching and running a business venture in India. You can visit our blog on Incorporating an Indian Business…

Maintaining the Registered office is very crucial aspect under the Companies Act, 2013 (“the Act”). It determines the territorial jurisdiction of regulators, and they are using the same for correspondence with the Company. The ministry has observed an increase in the number of companies formed with non-operational addresses. Additionally, it…

With an innovative idea, efficient team, stable business model, sufficient funding and the right timing, you have got yourself a Start- Up! Change is the only constant and Start-Ups are the way to bring this change: Meru Cab to Ola, Orkut to Facebook, Messengers to WhatsApp, Grocery stores to Grofers,…

The Ministry of Corporate Affairs (MCA), during the last couple of years or so, has been on a spree of cleaning up the corporate field. In doing so, many private limited companies, which had not filed their financial statements and annual returns regularly with Registrar of companies (ROC), were struck…

India has secured the 63rd rank on the World Bank’s Doing Business, 2020 survey, out of 190 countries. Doing Business, 2020 has also acknowledged the 10 economies that improved the most on the ease of doing business (EODB) after implementing regulatory reforms where India is one of them. What is…

After you have evaluated the novel markets of a foreign country, it is time to evaluate the various business structures offered by the law of the land and then very diligently decide on the best suited structure. The structure should be based on the idea of investment, your preferences on…

The Memorandum of Association and Articles of Association are the two crucial documents that describe the constitution and govern the internal management of the company. The memorandum confirms that the subscribers wish to form a company and agree to become the first members of the company. In the case of…

There are certain rules and regulations to be followed while establishing any legal venture, it gives an entity a legal identity.  Establishing a business in any country requires diligent acknowledgment and adherence to the prevailing laws. In India, the Ministry of Corporate Affairs (‘the Ministry’) is the primary regulator of…

The most important decision which a start-up needs to take is the choice of business organization, whether to go for a LLP or a Private Company. Both LLP and Private Limited Company structure offer same benefits such as Limited Liability, Separate Legal Entity, Perpetual Succession, no requirement of minimum contribution…