Who can be a director of a company?

A Private Limited Company is one of the most common business entity in India. In such companies, the Directors play an important role during the incorporation process and the post-incorporation process. This article will cover all the aspects of being a Director in a private limited company. Companies Act, 2013  defines the term “Director” as [...]

How is the tax compliance different for Private Limited & LLP?

Private Limited company & LLP A company is liable to pay tax on the income of the corporate. The rate of Income tax that is levied on a limited liability company is 30%. It is, however, is subjected to dividend distribution tax when it is required to pay the dividend. Under the Income Tax Act, [...]

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Rules related to Related Party Transactions in private limited company

As per the Accounting Standard 18 which deals with – ‘ Related Party Disclosures ‘ issued by the ICAI , Related Party means the “ Parties that are considered to be related if at any time during the reporting period one party has the ability to control the other party or to exercise significant influence [...]

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How a foreign company can incorporate a new Company in India?

India is among the fastest-growing economies in the world with an immense human potential and a large market comprising of over 1.2 billion people. Opportunities in India has however attracted a large amount of Foreign Direct Investment into the country and each year the amount of FDI inflow keeps on increasing due to more number [...]

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Difference between LLP & traditional partnership firm

The Partnerships that are registered under the Partnership Act, 1932 used to be a very popular form of Business Entity in India due to the simplicity of registration and the ease of maintenance. But With the introduction of the Limited Liability Partnership (LLP) in India through the Limited Liability Partnership Act, 2008, the prominence of such kinds [...]

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