Advantages of Private Limited Company

A Company is an artificial person created by law. It is not a human being but it acts through human beings. It is considered as a legal person who can enter into contracts, possess properties in its own name, sue and can be sued by others etc. It is called an artificial person since it…

What is a Private Limited Company?

A Private Limited Company is a type of company that offers Limited Liability or legal Protection for its shareholder Private Limited Company which can have a minimum of two members and can go as far as to two hundred members; it must have minimum of two directors and a maximum of fifteen directors. Private Limited…

How do I establish a Private Limited Company?

A Private Limited Company is a type of company that offers Limited Liability or legal Protection for its shareholder Private Limited Company which can have a minimum of two members and can go as far as to two hundred members; it must have minimum of two directors and a maximum of fifteen directors. Private Limited…

What is the difference between a private limited company and a limited company?

A Private limited Company is a type of company that offers Limited Liability or legal Protection for its shareholder Private limited Company which can have a minimum of two members and can go as far as to two hundred members, it must have minimum of two directors and a maximum of fifteen directors. There is…

How is GST applied in the retail industry?

With the Implementation of GST, the double-taxation and the multiple-taxation system has been rolled out. Over a long course of time, GST will help reducing the inflation rates along with elimination the cascading effect of multiple taxes. Retail Industry will have a economically-favorable impact due to GST implementation. Following shall be the major aspects of…

In simpler terms, what is the GST?

In a layman’s language, The Goods and Service tax (GST) is a destination and consumption based tax, which subsumes majorly Service Tax, Excise, VAT, and other State laws into it. It is a tax which is levied on the Goods and Services (termed as Supply) at predetermined rates in a categorised manner. GST is categorised…

What’s the difference between an organization and a company?

An Organisation refers to any entity (which includes a Company) or any establishment carrying out any activity with regards to any economic or non-economic, monetary or non-monetary purposes. Whereas, a Company is referred as a Joint stock company, registered under the Companies Act, 2013 or The Companies Act, 1956 such as Private Limited Company or…

What is the procedure to cancel the registration under GST who mistakenly registered user GST and his annual turnover is below 20 lacs?

GST Law in India includes the provision regarding the suo-moto cancellation of the GST  Registration of any Entity, whereby the Adjudicating Officer suo-motto cancels the GST Registration of the Entities, who according to them, are registered erroneously or lacks the purpose for the same. GST registration can be cancelled by using the forms below: GST…

How can I trademark my company’s name in India?

Here’s an easy guide through which a corporate identity could register a Trademark: Trademark Search: The first and foremost step is to search and ensure whether there are any similar trademarks already registered or not. This would help you to overcome any grounds of refusal for rejection of a Trademark application. This search could be…

What cannot be registered as trademark?

In a layman’s language, trademarks that are not distinctive, that are descriptive or that give rise to a likelihood of confusion cannot be registered. Extensively, Sections 9 and Section 11 of the Trademarks Act, 1999 provides the Absolute and the relative grounds under which a trademark registration shall be rejected i.e. cannot be registered. Section…