Fast Track Exit For Companies
Fast Track Exit For Companies There are instances where a registered company wishes to close their business but are unable to because of the complex procedures and compliances that need to be followed for the closure. A Private Limited Company is bound to follow a certain set of compliances even if the business has never functioned. In such situations, closure of a company seems to be a better option than to continue it. And in order to simplify [...]
10 Compliance’s to Follow Post Incorporation of Your Company
10 Compliance to Follow Post Incorporation of Your Company Congratulations, you've got your certificate of incorporation and are now all set to launch your product or service in the market. But let the joy of starting a new venture not make you forget to stay compliant with laws and regulations. Every company, once registered should always keep itself compliant to make sure the business and its functions don't get affected, so here we have compiled a list of compliance [...]
Prevention Of Sexual Harassment Of Women At Workplace
Prevention Of Sexual Harassment Of Women At Workplace In a scenario where every single day we hear about women being victimized for all wrong reasons, every citizen needs to take up certain responsibilities if they wish to curb out the misfortune that women face everywhere. With growing issues of harassment of women at workplace Companies and Businesses should start putting up efforts to keep their workplace safe and maintain a professional environment for everyone. Sexual Harassment Of Women [...]
Conveting OPC to Private Limited Company
Converting OPC to a Private Limited Company One Person Companies one of the most popular business structures today, empowering a solo entrepreneur to start his journey. Introduced with the Companies Act 2013, One Person Company first time brought the concept of a Private Limited Structure which required only one member to start. A One Person Company is populated with features like Corporate Existence, Limited Liability but is crippled by a few restrictions which restrict future expansion such as [...]
Conversion Of Partnership To Limited Liability Partnership
Converting a Partnership Firm To A LLP Partnership firms are easy and quick to form, but they hold one fundamental disadvantage of lack of Limited Liability clause. Which means the partner's personal assets could be liable for the firm debts. The introduction of Limited Liability Partnership Act 2008 has introduced the concept of a Limited Liability Partnership. The LLP is a big improvement upon a normal partnership; it brings the essence of Limited Liability Clause which was earlier [...]
Types Of Directors And Their Duties
Types Of Directors And Their Duties Duties of Directors: Since the directors are the nucleus of the company, Companies act mentions duties of the directors. Following are some important duties mentioned: To Act in good faith in order to promote the objects of the company for the benefit of its members as a whole. To Act in best interest of company as a whole, its members, its employees, shareholders, community and protection of environment. To Act Accordance with [...]
