The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done with precision and expertise. The Company cannot carry on any activity which is not a part of its object clause. Such activities are called Ultra Virus (beyond powers)…
There are many business models such as proprietorship or LLP or Company, the decision depends on many economic and legal factors. Among all others, Private Limited Company is the most popular form of business, but there are various compliances which are required to be followed, once your company is incorporated like reporting of financial results,…
Private Limited Company is one of the most popular business structure among startups and business houses. Many entrepreneurs while starting their business journey, struggle through a critical decision of selection of structure of business entity. Not every type of business structure (say partnership firm, sole proprietorship, private limited company, LLP, etc.) are suited for all…