Appointment of Director as per Companies Act 2013
Introduction Appointment of Director proceeds under Companies Act. In accordance with the Companies Act of 2013, every company must have a certain number of directors. The minimum number of directors is fixed according to the different type of companies- a public company must have at least 3 directors, a private company should have 2 and a one person company should have 1 director. The upper limit is fixed at 15. [...]
Registration procedure of Private Limited Company
Introduction A private limited company is the most common form of business entity in India. It is easy to maintain and raise funds, offers limited liability to its members, offers flexibility, easy bank loan accessibility. The registration procedure of a Private Limited Company is a little bit complex but can be done by following these simple steps mentioned below. Basic requirement There must be at least 2 members in the [...]
ROC Compliances For Private Limited Company
Introduction According to The Companies Act, there are certain compliances that are to be filed by the Private Limited Company or any Company for that matter. These ROC compliances majorly include Annual filing. However, annual return draft, disclosure by Directors and updating the Statutory Register are also included in these ROC compliances. ROC compliances are necessary. Any slack can lead to penalties and other legal issues pertaining to the Company. [...]
MSME Benefits
Introduction MSME (Micro, Small, and Medium Enterprises), as the name suggests, includes enterprises that are at a medium or below the medium level with respect to the terms of production and investment. MSME, in India, follows The MSMED Act, 2006 that is The Micro Small and Medium Enterprises Development Act, 2006. Classification of an enterprise is done in terms of investment. MSME forms a vital part of any country's growth. [...]
Options to Fund a New Business
For any entrepreneur, the options to finance new business are of extreme importance as without the options to finance, every other planning for a business is just waste. Only an Entrepreneur understands the real need of money. He knows how to make money from money. He has the capability to bend it in any direction he wishes to. But an Entrepreneur, be it at any scale, needs the options to [...]
Importance of FSSAI License
The importance of FSSAI License can be understood by the statement below: Any person desirous to commence or carry on any food business shall make an application for grant of a license to the Designated Officer in such manner containing such particulars and fees as may be specified by regulations. -Food Safety And Standards Act, 2006. The importance of FSSAI License is that any food business in India works according [...]
FSSAI LICENSE REGISTRATION
FSSAI License- Basic, Central or State? Whether the business firm is eligible for basic FSSAI License registration, Central license or State License is decided on the basis of the annual income of the business enterprise. Upto 12 lakhs: Basic license 12-20 Lakhs: Central License Above 20 Lakhs: State License Registration For Basic License is applied by form A, whereas Registration for Central and State FSSAI license is applied by [...]
Know All About FSSAI License!
FSSAI, short for Food Safety and Standards Authority of India, is an agency of Ministry of Health and Family Welfare of India. It is essential to have a body in government for regulation and supervision of food safety for protecting and promoting public health. Hence the government, in 2006, passed the Food Safety Standards Act under food safety and standard Act, 2006. FSSAI is responsible for formulating the food safety [...]
Marketing Challenges Faced by Entrepreneurs
The marketing challenges that are faced by entrepreneurs are important to understand as coping up with them will There is no limit to one's imagination and ideas. There are a very large number of Entrepreneurs who set up their startup in hopes of achieving success, but in reality, only a few of them gets the wanted attention and visibility. There is no doubt in the fact that without recognition your [...]
Requirements for becoming the director of a Company
To become the director of a company, there are some conditions which have to be fulfilled by the person who wants to become the director of a company. These conditions to become the company's head are discussed in this article. One of the most important people in the company is its director. A director of a company is a person who supervises all the activities in the company. There are [...]