What seemed to be a debt default by a single large non-banking financial company (NBFC)Infrastructure Leasing and Financial Services (IL&FS) has assumed such large proportions that it threatens to derail the entire sector and throw into jeopardy a clutch of companies involved in asset financing and personal loans. The crisis in India’s NBFCs, triggered by … Read More →
Procedure for Conversion of Partnership to Limited Liability Partnership After implementation of Limited Liability Partnership (LLP), more and more Partnership Firms are converting themselves to Limited Liability Partnership (LLP) for obvious reasons of unlimited number of Partners, perpetual succession, limited liability, transferability etc. In this article we will discuss about the step by step procedure … Read More →
Advantages and Disadvantages of a Limited Company What are the advantages of a Limited Company? A limited company has following advantages: Members’ (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares. The management structure is clearly defined, which makes it easy to appoint, retire or remove … Read More →
Formation of an NGO as a Section 25 Company Statutory Provisions: NGOs can be registered as limited companies under section 25 of the Companies Act, 1956 for carrying out charitable and promotional activities. A company registered under the Companies Act, 1956 (the Act) with liability of its members limited by guarantee and the one licensed … Read More →
Common reasons for rejection of Company names Naming Company is very important and first thing to decide in Private Limited Company registration or Limited Liability Partnership (LLP) Registration process. In our previous article about Company names, we have already discussed the how to name a Company. In this article we will discuss about common reasons … Read More →
Name is one of the most important things to decide while starting a new business and perhaps the most difficult thing to decide. Name of the company has tremendous impact on customers and investors of the Company. Choosing right name speaks volumes about your business. Naming a Private Limited Company or Limited Liability Partnership (LLP) … Read More →
Are you planning a new business? and wondering what a effective business plan must include!! Well here are some details which you make sure to include in your business plan: Cover Page Every Business Plan should have a cover page, which includes: The Company’s name, address, telephone, fax, e-mail and website address, if any. The … Read More →
Every new venture should have a business plan. A business plan is the formal written expression of the entrepreneurial vision, describing the strategy and operations of the proposed venture. The business plan also goes by other names, depending on its intended audience. Presented to a banker, it may be called a “loan proposal.” A venture … Read More →
One of the most important steps in the Company Incorporation process is choosing name of the Company / LLP. In this article we will discuss the naming guidelines and process of naming a Company or LLP. Name The proposed name of the Company should be unique and acceptable as per Companies Act, 2013 or LLP … Read More →
It usually takes five days to register a company in India, but for Wiziwig Learnings and Parnasa Mediworld it was a one-day affair. And it wasn’t just the two of them. Two other companies were also incorporated in a day, marking the successful launch of a pilot project by the ministry of corporate affairs in … Read More →