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The concept of “small company” has been first introduced by the Companies Act, 2013. The small company defines on the basics of the Capital invested and turnover of the company Small Companies means a company which are other than the public company and having low investment and also having special…

The Financial Statement is the important document of the company which is required to be prepare in every financial year and audited by the auditors of the company. The Financial Statement provides an overview of the company’s assets, Liabilities and shareholders’ equity. The Financial Statement is required to prepare so…

A company is an artificial person which gets acted and represented by the appointed members to act upon on behalf of the company. According to Tesco Supermarket ltd. Vs. Nattrass – “A living person has a mind which can have knowledge or intentions and he has hands to carry out…

A seafarer – is any traveler via seas, classifying their work based on the rank or type of job as merchant navy, navy worker or mariner in a boat or ship. A seafarer holds vary of ranks and position on water-born vessel and helps the crew member with their allotted…

Non-Banking Financial Company is a financial institution having activities that are similar to bank and provides banking services without requiring holding a banking license. NBFC’s in India are supervised and regulated by Reserve Bank of India. Thus it’s mandatory for such company to obtain a certificate of registration from RBI…

It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the year for businesses and entrepreneurs. The Government and concerned Government Departments…

The name of the company is an identity it is recognised with. The Companies Act, 2013 allows the companies to change their name in certain circumstances. But what if the name of the company is changed compulsorily by government itself. Yes, this is our topic of discussion today that what…

Section 2(84) indicates ownership of an individual towards the company whose shares was purchased. By owning shares from a company one becomes an investor and as per Companies Act, 2013 claims the voting rights. Those who hold the share of the company fall under the category of shareholder thus they…

The MCA (Ministry of Corporate Affairs) has amended LLP Rules by introducing form 24 which paves way to easily dissolve the LLP by making an application to strike down the name. Section 63 of Limited Liability of Partnership Act, 2008 outlines on winding procedures of LLP. The mentioned winding up/…

Indian culture always gives equal importance to benevolence as well as socializing. Both these concepts are deeply rooted in our households. Our topic of discussion today revolves around these two concepts. We will discuss Charity and Mutuality under GST. Charity means doing something for helping a needy without expecting anything…