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Explore Registrationkraft’s Business blog posts to learn about the business laws, terms used in the business world and more.
The partnership firm is a business structure that is mostly used in India. To form a partnership, two or more individuals come together to establish a business and divide the profits among themselves in an agreed ratio. The business of partnership can be related to any relevant trade, occupation, or profession. The minimum number of […]
As per the IT Act, of 2000, a digital signature has the same status as your normal or regular signature has. For example: a digital signature is used to file income tax returns without any complications in a secure and safer way. If you attach the Digital Signature Certificate (DSC) with the tax return document, […]
The communication cannot be imagined without the presence of telecommunication. The telecom industry is broadly divided into the following subsectors: Infrastructure, Equipment, Internet Service Providers (ISP), Mobile Virtual Network Operators (MNVO), White Space Spectrum, 5G, Telephone service providers, and Broadband. A combination of these services is now prevalent in every sector such as IT, Healthcare, […]
In 2020, the Government of India introduced Udyam Registration to support the growth of Micro, Small, and Medium Enterprises (MSMEs). This initiative aims to empower small businesses by offering benefits like priority lending, subsidies, and access to government programs. By doing so, the government hopes to boost productivity and create more job opportunities in the […]
The concept of One Person Company was introduced in India for the first time with the enactment of Companies Act, 2013. An OPC is a better version of a sole proprietorship, and because of its easy compliance, many entrepreneurs prefer to set up an OPC. This concept is relatively new in Indian corporate law, but […]
What is Section 8 Company Registration Section 8 Company Registration pertains to details and guidelines on how to foster Non-Profit Initiatives in India either as a Society, a Trust, or a company by making a Trust deed, under the Registrar of Societies. This holds a distinctive position, to serve a noble purpose by promoting social […]
Registering a partnership firm is easy and you don’t need to follow a complex procedure for application. However, setting up a firm is not compulsory but if the partners want the legal benefits, registering a partnership firm is mandatory. So it is advisable to register a firm under the Partnership Act of 1932. Below is […]
A Partnership Firm is a flexible business structure which is highly preferred by the individuals. It enables individuals to join forces and pursue their entrepreneurial ambitions collaboratively. Many individuals in India and abroad form partnerships to conduct business. All the partnership firms in India are governed under the Partnership Act, 1932. If you want to […]
In the insurance industry, many companies sell various insurance products, such as health insurance, life insurance, and general insurance. Every insurance company offers multiple policies to cover the unique needs of policyholders. In India, an insurance broker is required to have a license to provide insurance services legally. In this article, you will learn about […]
In India, the company is registered under the Ministry of Corporate Affairs (MCA). For incorporating a company file the the simplified proforma is SPICe (INC-32) with eMoA (INC-33), eAOA (INC-34). Filing these forms is required for the companies who want to incorporate a company through SPICe only. Step-by-Step Process to Register a Company The process […]