Compliance refers to adhering to laws, regulations, and industry standards that govern business practices. Failing to comply with these requirements can lead to legal and financial consequences, while meeting them can help establish trust and credibility with stakeholders
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proprietorship is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business.
A partnership firm is a type of business entity that is formed by the association of two or more members who have agreed to share the profits of the business, which is carried on by all partners or one partner acting for all.
LLP Compliances. A Limited Liability Partnership is a separate legal entity. In order to preserve active status and to avoid default status. A regular filing with MCA is required to be taken care by all Limited Liability partnerships.
All employers who have PF registration are necessary to file returns on a monthly basis. The filing of returns has to be done by the 15th of each month through unified portal. During the working tenure, employee and employer both contribute 12 % of the basic salary of employee into EPF account.
ESI registration is mandatory if a company or entity employs ten or more low-earning employees. According to the ESI Act, any employee earning less than ₹15,000 a month must contribute 1.75% of their pay towards the ESI. The company or employer must contribute the remaining 4.75% towards their ESI.
An additional director is an individual that is appointed by the Board of Directors between the two annual general meetings subject to the provisions of the Articles of Association of a Company. The additional directors should hold office only till the date of the next annual general meeting of the Company.
The Employee Provident Fund is regulated under the umbrella of Employees Provident Fund Organization popularly known as EPFO. All establishments that have employed 20 or more than 20 employees can apply for PF registration in India.
Under article 18 of the model articles, a person will stop being a director immediately if: they resign. a majority of the company shareholders or members vote them out. they're stopped from being a director by a court or in law.
A Share Transfer is the process of transferring existing shares from one person to another, either by sale or gift, rather than issuing new shares.
DIR-3-KYC. KYC of Directors. [Pursuant to Rule 12A of The Companies (Appointment and Qualification of Directors) Rules, 2014]. Form language. English.
Winding up is the process of liquidating a company. While winding up, a company ceases to do business as usual. Its sole purpose is to sell off stock, pay off creditors, and distribute any remaining assets to partners or shareholders.
To initiate the process of winding up of an LLP a resolution for winding up the LLP should be passed and filed with the registrar within 30 days of passing the resolution for the same. The date of passing the resolution of the winding up of the LLP the voluntary winding up shall be deemed to commence.
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