When you hear the word “company”, you might think of big names like Reliance, Infosys, or Tata. But at its core, a company simply means a group of people coming together to do business for profit or a specific purpose.In simple terms, a company is a legal organization formed by individuals who invest money (called capital) to run a business and share the profits or losses … [Read more...] about Types of Companies in India Explained: A Beginner’s Guide
company law
When to file company’s annual return -Applicable to OPC & Small Companies
As a part of annual corporate compliance, every company registered with ROC must file their annual return under section 92 of the companies act, 2013. As prescribed by the government, this annual return has to be filed in form MGT-7 on or before the due date of filing. In the case of one person company and small companies, the prescribed form is MGT-7A.From the financial … [Read more...] about When to file company’s annual return -Applicable to OPC & Small Companies
Company’s financial statements-5 things you must know before filing with ROC
Every company in India needs to e-file its financial statements and mandatory attachments by using e-Form AOC4 with the registrar of companies (ROC) within the prescribed time limit as per section 137.In case financial statements are not adopted in AGM then un-adopted financial statements shall be filed within 30 days of the date of AGM (due date of AGM if AGM not held or … [Read more...] about Company’s financial statements-5 things you must know before filing with ROC
Books of Account under Companies Act, 2013 (Section 128) – Explained for Beginners
As per the Companies Act, 2013, every company registered with the Ministry of Corporate Affairs (MCA) in India—regardless of its size—is required to maintain a clear record of its daily financial transactions.These records help the company assess whether it is operating at a profit or loss, while also providing transparency to external stakeholders about the state of the … [Read more...] about Books of Account under Companies Act, 2013 (Section 128) – Explained for Beginners
List of Main division of industrial activity code of the Company
For a Company Registration, you are required to enter Main division of industrial activity of the Company while applying for company name. Similarly, in case of LLP registration, you are required to enter business/professional code.Here is the entire list of Main division of industrial activity of the Company to help you identify your own matching to your … [Read more...] about List of Main division of industrial activity code of the Company