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  AAVANA.IN Although some large firms are private companies, most private limited companies (Ltds) are small to medium-sized organizations. A private limited company is one that is owned by shareholders who have been approved by the other owners; it is often a family business. A private limited company’s profits are occasionally distributed to its shareholders as dividends, but they are also sometimes reinvested back into the company. The primary goals of a private limited business are to increase revenue and profit so that shareholders can get a good return on their investment. Many private limited companies will seek to expand their business by opening new locations, producing a greater range of products, or hiring more people. When a company grows large enough, it may decide to “go public” and become a public limited company. Why are they referred to as limited liability companies? Limited firms get their name from the fact that their owners have limited liability, which implies...

  Introduction Nidhi Company is a form of non-banking financial institution (NBFI) that is registered under the  Companies Act 2013 . It is involved in the business of borrowing and lending money to its members and works on the principle of mutual benefits by inculcating the habit of savings among its members. Nidhi Company can have member and director as the same person: Registration of Nidhi company  is an online process and it will be approved by the Ministry of corporate affairs in less than 20 working days. Nidhi company works as a finance bank by fulfilling the necessary terms and conditions set by the regulatory authority. As per the Nidhi rules, you can open only one branch in one district, after 3 years of profitable business you can open another branch in the same state. Nidhi company  gives only secured loans to its members and it accepts deposits in the form of saving deposits, recurring deposits, and fixed deposits. Regulations of Nidhi Company Nidhi com...

  How Does Limited Liability Partnership Registration Work Limited Liability Partnership Registration has emerged as one of the most chosen forms of business entity. It is due to the simplicity in the formation and easy maintenance. One of the biggest merits of LLP registration is that it helps the owners to limit their liabilities to a great extent. This blog on LLP registration will give you a fair idea about the concept and the procedures. LLP registration is called a hybrid between a company and a partnership firm. It has the benefits of a private limited company and the flexibility of a partnership firm. In this form of a business, no partner is held liable on account of the unauthorized actions of other partners. Hence individual partners are shielded from joint liability due to the misconduct created by other partners. LLP form of organization is generally preferred by professionals, micro, and small entrepreneurs. For LLP to get registered there have to be at...

 How FDI has shifted the gears of the Indian Economy Foreign Direct Investment was first introduced in the year 1991 by former Prime Minister Sri. Manmohan Singh. Over some time, FDI has helped the Indian economy grow tremendously with a strong backup from the government. A recent survey undertaken states that India has overtaken China and the US as the top destination for FDI. FDI has turned out to be a major source of non-debt financial resources for the economic development of our country besides being a critical driver of economic growth. What attracts many foreign companies to invest in India is the availability of cheap manpower, low wages, and special privileges such as tax exemptions and so on. It also means achieving technical know-how and generating vast employment opportunities. What has made the foreign capital flow into the country is the government’s favorable policy regime and robust business environment. The initiatives taken by the government in recent years concer...

Private Limited Company Registration How to register a Private Limited Company in India – An Overview When it comes to small, medium or large business undertakings Private limited company is considered to be the most preferred entity in India due to several merits. In India, Private Limited Company is known to be the most prevalent and prominent type of corporate entity. The company’s registration is governed by the Ministry of Corporate Affairs amended by the Companies Act of 2013. For a Private Limited Company to get itself registered, a minimum of two shareholders and two directors are required. An individual can be both a director as well as a shareholder, while a corporate legal entity can only be a shareholder. Moreover, foreign nationals, foreign corporate entities, and NRIs can become the shareholders or Directors of a company with Foreign Direct Investment (FDI). From the point of foreign promoters, Private Limited Company is the most preferred choice of entity. A Private Limi...

  It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles It is easier to form an LLP. Formation of an LLP only require the partners to fill out a registration form and file it with the local secretary of the state LLP does not have to pay tax as a separate business entity; however partners have to pay only their individual taxes. The cost involved in registering an LLP is comparatively lesser than that of a  Private Limited Company Transfer of ownership is easy. The ownership can be changed but changing the managing directors as LLP is a separate legal entity. There is no maximum limit of partners when it comes to incorporating your business as an LLP A minimum capital requirement is not needed to  register your firm as an LLP  The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the members remain safe even if the company goes bankrupt. LLP ...

  Essential Documents required for the company registration process in India Documents need to be arranged from foreign director/subscriber 1. PASSPORT and Voters ID (Similar to Resident Country) or Driving License (Apostiled and Notarized along with self attestation)  2. Bank Statement/ Telephone bill/ Mobile Bill/ Electricity bill as Address proof (Latest 0ne month bill) (Apostiled and Notarized along with self attestation) 3.  Passport size photograph of Foreign Director 4.  https://aavana.in/company-registration-india During of stay at present address of Foreign Director and place of birth and his Occupation  5. Educational Qualification of Foreign Director

  Company directors  are people who take up the responsibility of managing the company. They are responsible to promote the success of the business and also benefit the shareholders. Director  -There is no such specific definition of a director in statute, but in general the term “director” defines as any person who is not a minor or a person who together with the other members forms a board of directors and are responsible for forming and managing the company. A  director  needs to be rationally diligent with the right kind of skill, knowledge and experience to be able to carry out important roles in the company. The law permits a  public limited company  to have at least 3 directors, a minimum of 2 directors in the case of a  private limited company  and a  one-person company  can have a minimum of 1 director. What are the types of Directors? There are many types of  directors . Here, we will discuss the different types of di...