E-commerce businesses are the fastest-growing Businesses in India to start an e-commerce business is relatively easy in India with very little capital requirement, making it an ideal choice for millions of young entrepreneurs. E-commerce business is started by creating your own website or becoming a seller on an established e-commerce platform.

Annual General Meeting (AGM) is formal annual interaction between Shareholders and the Management of the Company. At AGM, the Directors of the Company present an annual report containing information for shareholders about the company’s performance and strategy. In pursuant to the third proviso of Section 96(1) of the Companies Act, 2013,

Non-profit organizations such as Charitable Trusts, Section 8 Company, and Welfare Societies are entitled to various tax exemptions under section 12A of the Income Tax Act, 1961. NGOs are basically organizations that are meant for charitable and non-profit activities. Non-profit organizations have been granted tax relief under Section 11 and Section 12 of the Income Tax Act, 1961, as they contribute to the welfare of society by providing social services

First Auditor Appointment- Each and every Company incorporated in India whether it is a Private Limited Company, Public Limited Company, One-Person Company, Government Company or Subsidiary of foreign Company they are required to maintain a proper book of accounts and get audited from the Statutory Auditor. According to the provisions of section 139(6) of the Companies Act, 2013 the first auditor appointed by all Companies...

Director Identification Number (DIN) is a unique identification number allotted to a person who wants to appoint himself as a Director in an existing Company or wants to Register a new Company with the Registrar of Companies, the Ministry of Corporate Affairs. This is a one-time process. For an appointment in the existing company we need to file an e-from DIR-3 KYC for getting DIN and in the case of a new Company, Spice+ Part B is required to file.

Once a Private Limited Company comes into existence or gets registered, there is a set of Mandatory and Event-based compliance required and procedural formalities that should be accomplished and done to maintain compliance under the Companies Act, 2013. This is vital to avoid any penalty or punishment or compliance of Law with true letter or spirit.The post incorporation compliance is bifurcated into Mandatory compliance and Event-based compliance.

To start a Business in India, we need to form a legal entity and there are a lot of ways to create or form an entity like a sole proprietorship, partnership, limited liability partnership, one person company, private limited company, public limited company or many more ways. A Private Limited is the most common and popular way to start a Business because the Government of India provides a lot of benefits to these types of entities.