New SPICe Plus Form – A step Towards Ease of Doing Business

As per the Economic Survey 2019-20- “India has moved up 79 positions in the World Bank’s Doing Business Ranking improving from 142 in 2014 to 63 in 2019, with the country improving on 7 out of the 10 parameters”. One of the main reasons for this progress being reduction in time taken for incorporating a business entity in India and setting up operations. In continuation to this, the Government has proposed a new web form named SPICe Plus replacing the existing forms for incorporating a Company.

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Coworking Spaces in Delhi

As new startup ecosystem is emerged, it is understood that it does not suits the budding entrepreneurs to invest in office space. This creates a great need for affordable Coworking Spaces in Delhi for the young minds. Sometimes investing in an office infrastructure is not possible for early stage businesses.

Coworking spaces involve a shared workplace, say an office, and an independent activity. Unlike a typical office, these coworking spaces are usually not hired by one organization but shared by several startups or freelancers. Continue reading “Coworking Spaces in Delhi”

ACTIVE (INC – 22A) Compliance – KYC for Companies

In order to do KYC of companies and to verify their registered office, the Ministry of Corporate Affairs (MCA) has on 21st February 2019 issued Companies (Incorporation) Amendment Rules, 2019 whereby every company, including a company having license under section 8 of the Indian Companies Act 2013 or under section 25 of the erstwhile Indian Companies Act 1956 and incorporated on or before the 31st December, 2017 is now required to file important details of the company and its registered office in e-form ACTIVE (INC – 22A) on or before 25th April 2019. Continue reading “ACTIVE (INC – 22A) Compliance – KYC for Companies”