How to Open a Bank Account of a Private Limited Company?

How to Open a Bank Account of Private Limited Company Image

How to Open a Bank Account of a Private Limited Company?Reserve Bank of India is strict when it comes to KYC (Know Your Customer) norms. But that’s not a problem with companies. Since companies have a separate legal identity it is quite easier to open a current account. After receiving the Certificate of Incorporation (COI), … Read more

Provisions for appointing a Women Director in Private Limited Company

Provisions for appointing a Women Director in Private Limited Company

Companies Act, 2013 not only re-organized the provisions of Companies Act, 1956 but also introduced some new ones. One of them being the appointment of a Women Director in Private Limited Company. Till now there was no such provision but in order to give confidence to women, the new Companies Act provides for appointment of … Read more

What is Company Identification Number (CIN) ?

What is Company Identification Number (CIN)?What is Company Identification Number or CIN is an unique 21-digit alpha-numeric number that is assigned to every company by Registrar of Companies (ROCs) governed by Ministry of Corporate Affairs (MCA). The certificate containing the unique number is allotted by the ROCs after they approve the name of a company. … Read more

What is the Procedure for Appointment of Auditors by Private Limited Company

Companies Act, 2013 provides appointment of auditor for a Government Company or a company other than that. The appointment of an auditor for a private limited company is specified under section 139 of Companies Act, 2013. As per sub section (6) of Section 139 the first auditor of a company shall be appointed by its … Read more

What is PAN and when is it required

What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric number allotted by Income Tax Department. Normally it is, issued in the form of a laminated card, by the IT Department. Who must have PAN? (a) All existing assesses or taxpayers or persons who are required to furnish a return of income, even on … Read more

Motivational Quotes for Startups

Motivational Quotes for Startups

“Success is most often achieved by those who don’t know that failure is inevitable.” -Coco Chanel”Courage is grace under pressure.” -Ernest Hemingway”Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” -Albert Einstein”Sometimes you can’t see yourself clearly until you see yourself through the eyes of others.” -Ellen … Read more

9 steps on How to start a business in just 30 days in India

9 steps on How to start a business in just 30 days in India

9 Step to Start a Business in Just 30 Days in IndiaEvery one who need to start a business, this article can help to every step to step process and register your business in India. Read following 9 Steps on How to Start a Business in Just 30 Days in India.1. IdeaThe idea forms the foundation of … Read more

Relaxation in the regulations for Business Startups

As we are aware that the Government of India started the initiative of #startupindia recently. One of the visions of this initiative was relaxation of regulations for Startups in India so that the startup company setup and operations become easier. Taking the step forward in order to relax the regulations for Start-ups, the Reserve Bank … Read more

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