Posts

Software Company Registration Process in Bangalore

Image
Company Registration Process Prime Minister Narendra Modi has initiated to make India a leading manufacturing hub and for fostering economic growth by the creation of million jobs by developing several programs such as make in India, Digital India, and Skill India. Currently registering any business structure in India is comparatively easier, including company registration as the government has simplified the online registration process through MCA. Software Company can be registered through MCA just like any other form of company provided the entrepreneur has decided which type of company it wishes to register such as private, public, or OPC. The decision relating to the selection of the category of a company depends upon the nature of control, level of compliance, directors and shareholders availability, etc. that vary as per the company. If you are planning to register its Software Company in India, this article has got useful information for you. Legal Requirement t...
31 comments
Read more

What is the Procedure of Section 8 Company Registration Online?

Image
An organization incorporated for the promotion of art, science, commerce, research, sports, education, charity, religion, protection of the environment, social welfare, or any similar objective refers to as Section 8 Company . The members of Section 8 Company do not get any dividend or income instead all its profits, or other earnings apply in promoting these objects. These are the limited companies registered under the Companies Act, 2013.  Conditions on obtaining Section 8 Company License  The Government grants an exclusive license to such companies under Section 8 Companies Act. As per the act, the companies must comply with three main conditions which are as follows: The purpose of forming a Section 8 Company must always be a charitable one. Hence, no personal motive can inculcate. The income and profits must be used towards the promotion of the objects. Lastly, the Company must not pay any dividend to its members. Provisio...
39 comments
Read more

What is the Process of NGO Registration in Uttar Pradesh?

Image
Uttar Pradesh is the most populated state that is the second-largest contributor to the national GDP. UP has been continually showing progress in the field of commerce, professions, and the service sector. Therefore this thriving state of India has provided overall valuable support for NGOs to ensure social, economic, and cultural development. NGO Registration or Trust Registration Process   NGO registration in India can be categorized into three types:   NGO registration as a Trust: Few states have their trust act to regulate its registration in that particular state. In case there is no separate act, the Indian Trust Act 1882 provides the following Process for NGO Registration as a trust : Initiate the process by preparing a trust deed that contains the following details:   Name and address of settlor and trustee Name of the trust with which it will be registered Objects of the trust Rules and regulations for trust operation Approach...
20 comments
Read more

Apply for NBFC License Process – Online NBFC Registration Consultant

Image
What does NBFC stand for?   NBFC is an abbreviation used for Non-Banking Financial Company that provides lending and other banking services without even falling under the legal definition of Financial Institutions. NBFCs registered as a company under Companies Act 2013 and its working & operations are governed and regulated by RBI. NBFCs are registered to carry on the financial services similar to the banks and other activities such as: Providing Loans & Advances   Acquiring shares, securities, bonds, etc.   Leasing and hire purchase business   Chit business and Insurance business Is License mandatory for the operation of NBFCs? No NBFCs can carry on the business of the Non-Banking Financial Institute without obtaining the proper registration certificate or license from RBI. NBFC License - NBFCs enjoy the advantages of providing banking services along with short term lending, High ROI, no interest cap, etc. Thus if you are...
14 comments
Read more