The disqualification of directors provided under section 164(2) is for the appointment of director only. Hence, if any person is disqualified under it, cannot be appointed as director for a period of 5 years but he can be a shareholder of a company.
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The cost to register any private limited company depends on the number of directors and shareholders and the authorized capital of the company. Majorly the cost may vary between Rs. 6000 to Rs. 25000/-. Further as the stamp duty is higher in Punjab so the cost may increase with additional stamp duty.
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Yes, one can use the same brand name if your activity is different.
No, the proprietorship firm will not have a separate PAN. Many people are confused that as it is firm so it will get a new PAN. But it is a mis-conception. A proprietorship firm does not have a separate legal existence so it does not have a separate PAN. The PAN of proprietor will become the PAN of its proprietorship firm. Hence, one can use personal PAN for the proprietorship firm.
Yes, one can be a partner in a partnership firm along with an employee of the company. But before that one should check the employment contract as well as the partnership agreement. If there is any clause specifies that one should not carry on similar type of business in an employment contract then one cannot start a partnership firm.
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The procedure to issue a share certificate is similar to the Private Limited Company. The share certificate must be in accordance with the form SH-1. Following details must be included in it.
The procedure to issue a share certificate is similar to the Private Limited Company. The share certificate must be in accordance with the form SH-1. Following details must be included in it.
In both an LLP and Company the liabilities of partners and shareholders respectively are limited to the extent of their agreed capital as per agreement in LLP and up to the subscribed and unpaid share capital of the company. As it has a separate legal existence the members or partners are not personally liable for any debts incurred by company or LLP. But there are exceptions to the same which are as under.
With a primary aim to promote trade especially exports, the government comes up with many reliefs.
Under GST regime, the exporter has either of the two options:
The second option is not convenient as one has to pay the GST and then later claim the refund during which the exporters money is blocked from the time of payment of tax till the refund.
The following trademark are available in india:
Word mark: They are letters, words and numerals. This mark given mark only on a specific word, letter or numerical.
Device marks: When the word, letter or numerical is represented in a unique method it is known as a device mark.
Service mark: When a trademark distinguishes a service from one person to another, it is a service mark. They do not represent goods but services the company or a person offers.
