5 Big Challenges Faced by MSMEs to Grow!

Micro, small & Medium Enterprises (MSMEs) are the plinth of the Indian economy propelling growth, creating employment, diversifying industrial activity and promoting equitable regional development. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability and has maintained a constant growth rate higher than the overall industrial growth. According to the latest…

Why Nirma’s Lafarge deal makes sense?

Ahmedabad-based diversified conglomerate Karsanbhai Patel-led Nirma Ltd, which acquired the 11 million-tonnecement business of Lafarge India for about Rs 9,400 crore ($1.4 billion; equivalent to $127 per tonne), is trying to establish itself more as a commodity conglomerate and de-risk its soda ash and detergents businesses, which are now facing intense competition. Analysts and industry…

How do I apply for a name for a company?

Name Application for Company Registration. You can use the services of check name availability for first-hand information on whether the proposed name is available and then apply for it in form INC-1 with six alternative names with deferent prefix word or INC-29 (composite Incorporation Form).

Comparing Private Limited Company, LLP and OPC

Point of Comparison Private Limited Company One Person Company Limited Liability Partnership Minimum Requirement Members – 2 Directors – 2 Member – 1 Director – 1 Nominee of Sole Member – 1 Designated Partners – 2 Minimum Capital No minimum requirement No minimum requirement No minimum requirement Regulator Registrar of Companies Registrar of Companies Registrar…

What is the Director Identification Number (DIN)?

Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become the Director of a Company. DIN is a pre-requisite for filing of certain Company related documents. The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections…

What are the documents to be filed with RoC every year?

Invariably, the Balance Sheet and Annual Return have to be filed every year. Other documents such as, Return of Allotment (Form No. Pas-3), Change of Registered office (Form No. INC-22), Change among the Directors (Form No. DIR-12), Charges (Form No. CHG- 1, 9, 4)etc., have to be filed within the due date from the events…