India is a developing country and it has already achieved the pace that is required for growing. Today, the Indian government is focusing more on encouraging its people to startup their own business. For this reason, company registration procedure is simplified by the government. There are two reasons for the same:
Step 1: Approval of company’s name
The foremost step in the company registration is to choose a name and get it approved by the Registrar of Companies (ROC) in the State/Union territory in which the company will operate its office. But there are certain conditions required for the approval of the company’s name. They are-
Memorandum of association, Article of Association and other is a legal document that consists of several factors related to the company formation such as the objectives, scope of activities, relationship with shareholders and more. While the articles of association refer to the document that consists of certain rules and regulations of the company. Therefore, Memorandum and articles of association are the two prerequisite documents that companies must submit along with and another legal document as an attachment to SPICe form to ROC for the purpose of incorporation. Source by: https://enterslice.wixsite.com/companyregistration/single-post/2018/10/20/The-process-of-Company-Registration-in-India
1 Comment
6/6/2023 02:27:57 pm
If you’re self-employed (aka a sole trader) your business will have various running costs. You can deduct some of these costs to work out your taxable profit – as long as they’re allowable expenses. You can find out more about what can be claimed as an expense in our blogpost.
Reply
Leave a Reply. |