Practicing Comp

Feb 28, 2024 | taxguru.in | Aakriti Gupta |Practicing Comp

DECLARATION FOR COMMENCEMENT OF BUSINESSForm INC 20A was introduced under Rule 10A read with Rule 23A of the Companies (Incorporation) Rules, 2014 of the Companies Act 2013 for the purpose of declaration of the commencement of the business.

Dec 12, 2023 | taxguru.in | Aakriti Gupta |Practicing Comp

Introduction: Understanding authorized share capital is crucial for businesses seeking expansion. In this article, we delve into what authorized share capital is and guide you through the process of increasing it for your company’s growth. WHAT IS AUTHORISED SHARE CAPITAL? As per Section 2(8) of the Companies Act 2013, Authorized capital” or “nominal capital” means such capital as is authorized by the memorandum of a company to be the maximum amount of share capital of the company.

Oct 30, 2023 | taxguru.in | Aakriti Gupta |Practicing Comp

Introduction: A Section 8 Company is a unique form of nonprofit organization that focuses on promoting charitable activities, art, science, education, sports, and other similar goals. Unlike typical companies, these entities are established with the primary objective of advancing their charitable objectives. This article delves into the formation, benefits, and requirements of Section 8 Companies.