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As per Section 2(62) of the Indian Companies Act, 2013, OPC is a company that has only one person as to its member or shareholder. Neusource Startup Minds offers several packages for One Person Company Compliance . Contact us to know more about our services. Nature of OPC: OPC can only be enrolled as a private company, which means that all prerequisites and required stipulations that are relevant to a private company will be applicable to an OPC. Who can Incorporate OPC? OPC can be subsumed by a natural person who is resident of India. Nonetheless, one person cannot manifest more than one OPC. Members and Directors in an OPC: The least and the highest estimate of members in an OPC can be only one, an individual being a bondholder of OPC is regarded as the First Director of the OPC until the director is duly appointed by the member. Nominee in an OPC: An OPC must have only one person as a nominee. Board Meetings and AGM: OPC is considered to have adhered to Sec

Partnership firms in India are registered under the Indian Partnership Act of 1932, and as a result, those partnership companies are special from the constrained liability partnerships (LLPs) that are registered beneath the newly introduced LLP Act of 2008. For the past many a long time in India, partnership firms have been extremely famous for small and medium-sized establishments, especially within the unorganized region, wherein partners were performing below their respective personal liabilities. Now, after the advent of the LLP Act in 2008, which advocates for restricted liability of the companions, these partnerships companies are speedy getting changed by the brand new LLPs. This webpage gives different facts regarding the required annual Partnership Firm compliance in India, to assist the present partnership firms of India engaged in diverse financial fields. The Indian partnership companies registered under the partnership act of 1932 are nicely-facilitated to make t

Partnership companies square measure needed to keep up compliance like LLPs and company registered in our country. Partnership Firm Compliances chiefly includes filing of taxation come back, whereas company entities like LLP and Company need each taxation come back filing with the taxation department and annual come back filing with the ministry of company affairs. Partnership companies having annual turnover of over Rs.100 lakhs are needed to get a tax audit. Additionally to the fundamental compliance, partnership companies may be needed to suits TDS rules, GST rules, VAT / Central Standard Time rules, Service Tax rules, ESI rules et al. The compliance demand for a business would vary supported the sort of entity, industry, state of incorporation, variety of staff and sales turnover. MFMS is that the largest business services platform in Asian country, giving a range of services like Partnership Firm Compliances ,  LLP registration, trademark filing, GST registration, taxat

Limited Liability Partnership (LLP) – All You Want To Know A Limited Liability Partnership Registration comes mid-way among partnerships and groups and is up and coming vicinity that investors are utilizing. It has several benefits to upward push in recognition among marketers. In case you are inquisitive about knowing about LLPs but don’t recognize where to head, then you definitely have come to the right region.  Right here’s a have a look at the entirety you need to recognize approximately restrained legal liability partnerships (LLPs). What is a Limited Liability Partnership? LLPs restrict legal responsibility via ensuring that the personal property and assets of the companions do no longer get concerned in the fee of money owed inherited via the organization. This makes them an extra comfortable shape of funding for marketers as it reduces the threat that they have to take. At the same time as the corporation has numerous partners, no person is kept answerable for the

What is a Sole Proprietorship? A Sole Proprietorship Firm Registration is one of the most conventional embodiments of enterprise in India. This is predominantly used by miniaturized and infinitesimal commercial enterprise precincts. It's far a sort of commercial enterprise that is in possession of, governed and reigned over through an unmarried individual known as an owner. It's miles exemplary for small organizations, merchandisers and sellers/vendors. Idiosyncrasies of a Sole Proprietorship Firm: ·          Manage, lead, and directed by one person only ·          The most quotidian manifestation of business in India ·          Easy genesis ·          Requires negligible regulatory guidelines and specifications concerning business processes Substantiation Required for Sole Proprietorship Firm : The online proprietorship firm compliances process entails the below-mentioned testaments for the enrolment of a proprietorship firm. ·          PAN Card of the

A Partnership firm Compliances   could be a   form of  business entity  within which   two  or  a lot of   folks   begins  a business  along , sharing the profits and losses of the business.  In a very  Partnership, the partners  square measure   in person   responsible for  the debts and losses of the business. All businesses registered as a Partnership in  Republic of India   square measure   needed  to file their  tax   come back  (ITR)  annually . The Annual Compliances of Partnership Firm   conjointly   embodies  maintaining the books of accounts. If the annual sales turnover of the Partnership is  over  Rs. 1 crore,  associate  audit is  needed .  Additionally   to the present , a Partnership firm  is additionally   needed   to stick  to the TDS regulation compliance and GST filing. Partnership  companies  in  Republic of India   square measure  registered  beneath  the Indian Partnership Act of 1932, and hence, these partnership  companies   square measure   comple

There are basically two Proprietorship Firm Compliances Process that is required for an individual. ●      Income tax return ●      GST return, if he is enrolled under the GST Act ●      GSTR-3B monthly ●      GSTR-1 quarterly or monthly ●      GSTR-9 monthly The annual compliances for Proprietorship Firm , i.e., a taxpayer other than the Private Limited Companies, One Person Companies, Limited Liability Partnerships, Partnership, limited companies are to be called as an Individual or a Proprietor. Why are These Compliances Required for an Individual or a Sole Proprietor? ●      If an individual income crosses the basic limit of exempted income tax limit then it is obligatory for him to file an Income Tax Return and if his income does not cross the basic limit then it is optional to him for filing the income tax return. ●      An individual who is registered under the GST Act is required to file a GST return on a monthly basis. The due date for the fi

Neusource is a business start-up consultancy firm, i.e., it is a dynamic Business Management Consultant in Delhi , offering leading-edge solutions to clients based across the world. Headquartered in New Delhi, the company looks after the requirements of global businesses, public institutions, etc., helping them reach transcendence and achieve excellent business visibility in their particular industry segment. By working together, integrating our strengths and doing the best that is possible, we emancipate our co-workers, customers, and communities to procure new heights. We are white-collar business consultants and provide expert advice in many specific areas such as administration, deployment, merchandising inner procession, and some other specialized fields. With widespread knowledge, the deep functional propensity of the best business practices, time-honored management strategies, and corporate culture, our firm employs its expertise to carry clients' businesses to a n

Business Management Consultant in Delhi succor businesses enhance their accomplishments and extend by resolving problems and finding new, innovative, and better ways of doing things. It's not just in the private sector either, many establishments work with public sector institutions to help in developing their services, and where it is obligatory, lessen costs and make savings too. How Does One Become a Business Management Consultant? Most employers require consultants to have a minimum of a bachelor's degree with a major in the balancing of books, line of work, financial affairs, merchandise, administration, or a similar area. Coursework should comprehend ciphers, transmissions, morals, project management, reckoning, and guidance. Management consulting is the practice of assisting organizations to improve their performance. Such corporations may draw upon the services of management consultants for a variety of reasons, including gaining external and presumably o

Sole Proprietorship Firms are one of the most ordinarily observed business types in India. With the process of Proprietorship Firm Registration India that defines the literal meaning of the word simple, it is no wonder that entrepreneurs are choosing to pick proprietorship as their choice of business type when they are starting on their own. Sole Proprietor Firm Registration India is single-person firm registration. Its main objective is to open a current bank account on the name of the business so it's simply a firm that is enabled to carry on with their business in India with fewer compliances involved and less costing too. A sole proprietorship firm may require a minimum of two legal entity proofs for the purpose of opening a current bank account. Documentation Required for a Sole Proprietorship Firm Registration: ● PAN Card copy of a proprietary ● Electricity or water bills of the business place ● A photostat copy of an Aadhar card or a Voter identity card Me