Mr. Naddem, running a small company, came to our office one day with a notice received from a Senior Labour Inspector. I went through the notice and understood that notice was given by the Inspector for not obtaining registration under The Karnataka Shops And Commercial Establishments Act 1961. …Read More »
Ease of doing business in India
As per World Bank Report India ranks 142 out of 189 countries for ease of doing business. I have already written an article about one section of this report ‘ease of starting a business in India’. The Prime Minister’s Office (PMO) has listed out 36 steps to be undertaken …Read More »
Doing business in India – Where we stands as per World Bank report
Those who are in business will surely tell that ‘it is not ease of doing business’ but is a “curse doing business in India” Every entrepreneur spends at least 30% of his productive time and energy in complying with the rules and regulations. So, those who are in business …Read More »
Can a foreign company open a branch office in India?
Foreign companies are allowed to set up a branch office in India. But unlike the case of setting up a company, a branch office requires an approval from the Reserve Bank of India (RBI). Only upon getting the branch license from RBI, the foreign company is allowed to commence …Read More »
Setting up a partnership firm
One of the oldest (and time tested) form of business entity is Partnership firms. If two or more people agree to carry on a business they can look at setting up firm rather than private limited company. The maximum number of partners can’t exceed 20 people. It is easy to …Read More »
How to set up new business?
To set up new business one has to register under various Acts. For our easy understanding, we can divide setting up process into two broad categories, namely Entity registration Business registration In this article, we will discuss about Entity registration. Entity registration means setting up a structure or type of …Read More »
Is setting up proprietary concern a bad idea?
Proprietary Concerns Mr. Samarth, a young boy came to our office to know about the procedure of setting up a company for him. He wanted to serve as a freelancer to a US company in the software industry. When I asked him, he said he has no plans of joining …Read More »
Even One Person can start a company now – a new concept ‘One Person Company’
With the introduction of The Companies Act, 2013 only one person can start a company and such companies are known as ‘One Person Company’ (OPC). Basically it is giving legal corporate status of Proprietorship form of doing business. In order to make the company as a going concern, the Act made …Read More »