Section 143 of Companies Act 2013: Powers and Duties of Auditors Explained Audit plays a crucial role in ensuring transparency, accountability, and accuracy in financial reporting. To institutionalize this, Section 143 of the Companies Act, 2013 clearly lays down the powers and duties of company auditors. Whether it's a One Person Company (OPC), Private Limited, Public Limited, or in some cases, an LLP, understanding this section is essential for both company management and practicing professionals. This article provides a [...]

New Rule for Rental Agreements in India from July 2025: E-Stamping Now Mandatory A rental agreement establishes a legal bond between a landlord and tenant. It clearly defines rights, responsibilities and sets expectations. From July 1, 2025, India implemented new rules around digital stamping for rental agreements. This guide gives you a clear, easy-to-follow overview of what you need to know. 1. What is a Rental Agreement? A rental agreement is a legally binding document that records: Parties’ names [...]

Understanding the Number of Directors in a Private Limited Company When starting or managing a private limited company in India, one critical legal requirement is compliance with the minimum and maximum number of directors. This directly impacts the company’s governance, statutory obligations, and regulatory approvals. Let’s break down the key rules and obligations under the Companies Act, 2013 in simple terms. What is a Private Limited Company? A Private Limited Company is a type of business structure registered under [...]

Business Registration in Maharashtra: Everything You Need to Know Maharashtra, one of India’s most industrially developed states, offers a dynamic environment for entrepreneurs, startups, and SMEs. Whether you're opening a small shop in Mumbai or launching a tech startup in Pune, business registration in Maharashtra is the first legal step to establish your venture. This guide simplifies the legal process, documents, compliance requirements, and benefits of business registration in Maharashtra for new and existing entrepreneurs. Why Business Registration Is [...]

Date of Incorporation: Everything You Need to Know for Legal and Compliance Clarity The date of incorporation is more than just a line on your company’s certificate. It marks the birth of your business as a legal entity and triggers a range of statutory obligations under Indian company law. Whether you’re a founder, investor, accountant, or compliance officer, understanding this date is critical for accurate filings, regulatory compliance, and business planning. What Is the Date of Incorporation? The date [...]