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A resource site for beginners with easy to understand income tax, gst, and finance tutorials for mastering the basics and beyond.

company law

What Is a Company? Meaning, Features & Types Explained for Beginners

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In India, when people do business together, they need a proper structure. One very common structure is a company. You hear words like private limited, public limited, or company registered under law very often.In simple terms, a company is a separate legal entity created under the Companies Act 2013 to run a business. In this article, we will understand what a company … [Read more...] about What Is a Company? Meaning, Features & Types Explained for Beginners

Company Law Basics: Important Definitions and Key Concepts You Should Know

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Before setting up a company in India, it is important to understand a few basic terms used in the Companies Act, 2013. Many beginners rush into incorporation without knowing what these words actually mean in practice. Later, this creates confusion during compliance, filings, or even while raising money.In this guide, we will slowly explain the most important company law … [Read more...] about Company Law Basics: Important Definitions and Key Concepts You Should Know

How to Choose the Right Company Type in India: Simple Guide for Beginners

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Choosing a company type in India can feel confusing when you are just starting out. Many beginners ask, “Which company type is right for my small business?” and “Will my personal money be at risk if the business faces loss?” In India, company structures are governed mainly by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA). The answer … [Read more...] about How to Choose the Right Company Type in India: Simple Guide for Beginners

Branch Office Audit Explained: Companies Act Rules for India & Overseas Branches

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A branch office audit simply means checking and verifying the financial records of each branch to make sure:In practice, many beginners assume auditing happens only at the main office. But companies law requires that branch activities also be properly examined because business decisions depend on consolidated numbers.How Audit Works for a Branch Office Located in … [Read more...] about Branch Office Audit Explained: Companies Act Rules for India & Overseas Branches

Auditor Removal & Resignation Rules in India: Section 140 Explained

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When people first learn about company audits, they often assume an auditor can be changed anytime — just like changing a consultant or service provider. But under Section 140 of the Companies Act, 2013, changing an auditor is treated very carefully in India.The law lays down clear procedures for auditor removal, resignation, and casual vacancy, mainly to protect … [Read more...] about Auditor Removal & Resignation Rules in India: Section 140 Explained