July 7, 2017

Limited Liability Partnership (LLP) vs Partnership

Selection of the correct form of business entity is the most important decision taken by an entrepreneur. To make choices simpler and assist you in taking a well informed decision, here is a basic comparison chart of the three most common yet credible forms of business in today’s time. Limited […]
July 6, 2017

Foreign Directors in Indian Company

Any public limited or private company needs to have a board of directors constituted for the purpose of managing the day-to-day affairs of the Company. The reason for the existence of the board of directors is that there needs to be a body that is above the management and which […]
June 14, 2017

How to register Startup in India

Start-up India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Start-ups in the country that will drive sustainable economic growth and generate large scale employment opportunities. This articles explains How to register Startup in India. A startup is a […]
June 13, 2017

LLP Agreement

LLP Act 2008 defines LLP agreement as “Any written agreement between the partners of the Limited Liability Partnership or between the LLP and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that LLP”. Hence, in simple terms, it […]
June 13, 2017

One Person Company (OPC) vs Proprietorship

Although the terms “proprietorship” and “one person company” give the same idea of Business being run and managed by one owner but there are major differences between the two. Proprietorship is a very common and traditional form of business in India. Because of its simple features, it is widely adopted […]
June 2, 2017

How to close LLP: Procedure for winding up of LLP

How to close LLP: Procedure for winding up of LLP A Limited Liability Partnership can be closed down by declaring the LLP as defunct. Declaring the LLP as Defunct: In case the LLP wants to close down its business or where it is not carrying on any business operations for […]
June 2, 2017

GST Returns and Compliances

There are various GST compliances that are required to be followed under the new GST law. Following is the list of returns to be filed in detail: Type of Return Description Responsibility of Filing on whom? Due Date GSTR-1 Details of outward supplies of taxable goods and/or services effected Registered […]
June 2, 2017

GST: The Goods and Service Tax

The Nation is all geared up for the implementation of one of the biggest indirect tax reforms in India. Are you? All you need to know about GST (Goods & services tax) which is all set to rule from 1st July 2017. As the name itself suggests, Goods and Services […]
May 27, 2017

New definition of Startup

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Department of Industrial Policy and Promotion (DIPP), the nodal body for Startup […]
May 23, 2017

Mandatory Compliances for an LLP (Limited Liability Partnership)

All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for a LLP to file a return irrespective of whether it has done any business. There are three mandatory compliance requirements to be followed by […]
May 22, 2017

Mandatory Compliances for a Private Limited Company in India

Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated. Managing the day to day operations of your business along with complying the corporate laws can be little taxing for any entrepreneur. […]
November 19, 2016

Company Registration for NRIs and Foreign Nationals in India

Private Limited Company is considered to be the most ideal form of business for NRIs, foreign nationals and for foreign entities who want to set up business in India. According to FEMA guidelines, Foreign Direct Investment (FDI) is not allowed in other types of businesses like Proprietorship, Partnership Firm and […]
June 23, 2016

Income Tax Return (ITR) Filing

Be it startups or salaried persons, most people are faced with certain challenges when it comes to managing taxes. Most of us know the basics of it but only a few of us are actually conscious about the nitty-gritties and the best practices. As a consequence, there is a common […]
June 3, 2016

Basic difference between trademark, copyright and patent

Intellectual property is a vast and complex term. Many a time people are confused or have incorrectly used the terms used in intellectual property law. They have spoken of “copyrighting” an idea or even “patenting” a book! To understand these terms, it is essential to know what is Intellectual Property […]
June 3, 2016

How to start a US company from India

The United States is still one of the biggest markets as well as an investor’s heaven, for any business. A product becomes more appealing to the people when it has a US branding on it. Great companies can be built anywhere, selling apps and products to customers living anywhere. Incorporating […]
May 25, 2016

Understanding Employee Stock Option Plans (ESOP)

In the recent era, companies are adopting many employee-friendly policies in order to retain good employees who up the ante when it comes to company performance and growth. From providing extended maternity leave and women-friendly policies to adopting flexi timings, corporate organizations are leaving no stone unturned to be the […]