What is Company and what are its benefits? A company in India is a voluntary association of individuals formed for the purpose of carrying out business activities, which can be for-profit or non-profit. It is a distinct legal entity separate from its members (shareholders) and is recognized by law. This means that the company itself can own property, incur liabilities, […]
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A trademark is a legally protected symbol, word, phrase, design, or combination thereof that identifies and distinguishes the source of goods or services from those of others. It serves as a form of intellectual property and helps consumers recognize and associate products or services with a specific brand or company. Trademarks can include logos, brand names, slogans, and even distinctive […]
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The Companies Act, 2013 brought significant changes to corporate laws in India, including the introduction of the One Person Company (OPC) concept. According to Section 2(62) of the Act, an OPC is a company with only one person as its member or shareholder. This means it’s a business structure where one individual owns and operates the company. OPCs are typically […]
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A virtual accountant is like a digital accountant who works online. Instead of being physically present in your office or nearby, they’re accessible through online platforms. Virtual accountants offer comprehensive accounting services whenever you need them. What does a virtual bookkeeper do? A virtual accountant handles all the tasks a regular accountant does for your business. They help set up […]
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A private limited company is a type of business structure that offers limited liability protection to its owners (shareholders). It allows them to raise capital through the sale of shares. Unlike sole proprietorships or partnerships, the liability of shareholders in a private limited company has limitation to the amount they have invested in the company’s shares. This means that their […]
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The Goods and Services Tax (GST) registration limit in India has been a subject of frequent changes and adjustments since its implementation on July 1, 2017. As of update in January 2022, the threshold for GST registration was primarily set at 20 lakhs INR of annual turnover, with some exceptions and variations depending on the type of business and the […]
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Investing in a private limited company in Chennai, India, involves a series of steps and considerations to ensure a smooth and legally compliant process. Private limited companies are popular investment choices due to their limited liability and structured corporate governance. In this blog, we will explain how to invest in a private limited company in Chennai, covering key aspects such […]
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Calculating aggregate turnover for Goods and Services Tax (GST) registration is a crucial step for businesses in India. Aggregate turnover determines whether a business is required to register under GST and what type of registration is applicable. In this blog, we will explain how to calculate aggregate turnover for GST registration and the key considerations involved. Understanding Aggregate Turnover: Aggregate […]
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Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced various indirect taxes like VAT, excise duty, and service tax, simplifying the taxation system. GST registration is mandatory for businesses and individuals involved in the supply of goods or services above a certain threshold turnover. But what […]
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The Food Safety and Standards Authority of India (FSSAI) registration is a crucial legal requirement for individuals and entities involved in the food business in India. FSSAI is the regulatory body responsible for ensuring the safety and quality of food products. In this blog I have discussed FSSAI registration in Chennai. FSSAI Registration in India: 1. Significance: FSSAI registration is […]
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