Comparison – One Person Company and Private Limited Company

Comparison - One Person Company and Private Limited Company One Person Company (OPC) and Private Limited Company are two popular forms of business entities that operate under the regulations of the Companies Act. Each structure has unique features and benefits,…

What are the advantages and disadvantages of a private limited company?

What are the advantages and disadvantages of a private limited company? A private limited company is a business organization owned and managed by a group of shareholders, with limited liability for its members. The number of shareholders in a Private…

How many private limited companies are there in India?

How many private limited companies are there in India? The Ministry of Corporate Affairs (MCA) of the Government of India maintains a publicly accessible database called the MCA21 portal, which contains information on all registered companies in India. You can…

What is a private limited company India?

What is a Private Limited Company in India? In India, a private limited company is a type of company that is privately held and has limited liability. It is one of the country's most popular types of business structures due…

Section 8 Company Registration

Section 8 Company Registration A company is referred to as a "Section 8" company when it is registered as a non-profit organization (NPO), i.e., when it has the motive of promoting arts, commerce, education, charity, protection of the environment, sports, science,…

How can a Third Party Invest in a Private Limited Company? 

How can a Third Party Invest in a Private Limited Company?  The Ministry of Corporate Affairs regulates the Private Limited Company in India, which are owned by non-governmental organizations or by a small number of shareholders/members. The Private Limited Company…

How to open a current account for a Private Limited Company?

How to open a current account for a Private Limited Company? Private Limited Company is a popular type entity that is governed under the Ministry of Corporate Affairs. A Private Limited Company is a form of business that is privately…

Companies Act 2013 – Depreciation Rates and Useful Lives

Companies Act 2013 - Depreciation Rates and Useful Lives Depreciation refers to the diminution in the value of an asset, which takes place every year. Depreciation is calculated as a fixed per cent. The rate of depreciation varies between different categories…

Form BEN-2

Form BEN-2 Form BEN-2 is the declaration that a company is required to file with the registrar under section 90 of the Companies Act, 2013. This declaration is with respect to the Significant Beneficial owners of the company disclosing their…

Director of ACTIVE Non-Compliant Company

Director of ACTIVE Non-Compliant Company The Ministry of Corporate Affairs has recently notified the Companies (Appointment and Qualification of Directors) Rules, 2014. As per the new rules, Directors of companies that have not filed ACTIVE eForm will be marked as…