That’s the first question that comes to anyone’s mind who has validated a business idea or want to kickstart a new business- “Which entity should I choose for starting the business?” That’s an important question because how you are going to answer this & what factors would you take into account to make the decision… Continue reading
Post Category → Company
Turnover certificate for various purposes
A turnover certificate is a detailed factual statement which certifies the turnover of an entity on basis the requirements. This certificate assures the users about the turnover generated by the business entity during a given period of time. Contents of a Turnover certificate The contents of this certificate will depend upon its requirements & the… Continue reading
Converting proprietorship business to a private limited company
You start a business as a proprietorship. After sometime, the business starts growing, which brings the need to change the constitution of the business from proprietorship to a company due to various factors such as: Need of capital for further expansion of business, saving in income tax through reduced tax rate etc. There are number… Continue reading
Preparing project Report for loan from Banks- MSME loan/Mudra loan
Whether you want to start a new business or a project or you want to expand your existing business, finance is the bloodline of any business. When you have a great idea but do not have any money to execute it, you could look for loan from banks & financial institutions. Government has also come… Continue reading
Why & How to register under MSME
MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry and Service Providers. For these small-scale industries, it is essential to make them… Continue reading
Company Fresh Start Scheme 2020- one time opportunity
There’s no better time for the defaulting companies than this. The Ministry of Corporate Affairs decided to give all the defaulting companies another chance to regularize company compliance without late fees irrespective of the delay duration. Further, as per the notification on MCA website, relief is also being given to DIN holders whose DINs were… Continue reading
Procedure to apply for MSME loan up to Rs 1 crore in 59 minutes
The government has recently announced a quick loan scheme for MSME Sector, in which they claim to approve the MSME loan in less than an hour. They have launched a dedicated portal to apply for the loan: https://www.psbloansin59minutes.com Salient features of MSME loan MSMEs loan would be applied to SIDBI & 5 PSU Banks Entire application… Continue reading
All you need to know about the DIR-3-KYC
What is DIR3- KYC ? Every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. Since it’s a recent introduction, there has been a lot of… Continue reading
All you need to know before choosing Private Limited company as a form of business
Introduction Private limited company is the most popular corporate entity amongst small, medium and large businesses in India. Features of a Private Limited company It should have a minimum of 2 members and can have up to 200 members No minimum capital is required to start it. It has minimum 2 directors Factors to be… Continue reading
All you need to know before choosing Limited Liability partnership as a form of business
Introduction Limited liability Partnerships (LLP) is the most popular form of partnership in India which is becoming the most favoured form of partnership over the traditional forms of partnerships and sole proprietorships Features of Limited Liability Partnership It should have a minimum of 2 partners There is no limit on the maximum number of partners No… Continue reading