There are various types of Directors appointed in a company for its management of the company. The types of Directors in Company are as follow: 1)      First Directors: Subject to any regulations in the Articles of...

Advance Tax means part payment of one's tax liability before the end of the fiscal year i.e. 31 March. These payments should be payed in advance to the government on your income throughout the year as...

The Patent system in India is governed by the Patents Act, 1970 & The Patents Rules 1972. IT an exclusive right granted for an invention that provides a new way of doing something, or offers...

Trademark Registration Process provides a company or an individual a complete ownership of the mark and protects it from the misuse by any third person.  It gives legal right to take appropriate action against...

The concept of One Person Company is a new vehicle of business, introduced by The Companies Act, 2013. As per section 2(62) of the Companies Act, 2013, Means an individual person can now constitute...

Public Limited Company As the name suggest, public limited company has a wider coverage than a private limited company. It covers “Public” in general, hence called as a 'Public Limited Company'. A public limited company...

Partnership firm is a type of business in which two or more individuals join together for jointly carrying the business. The Indian Partnership Act, 1932, Section 4, defined partnership as “the relation between persons who have agreed to...

LLP Agreement means a written agreement between the partners of the LLP or between the LLP and its partners which establish the rights and duties of the partners toward each other. It is a...

Introduction Directors Identification Number is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company.Both Indian and Foreign Directors...

Private Limited Company: Private Limited Companies are those companies which are privately held by the people. They are mostly preferred as a common business organization in India. Shareholders may operate the business themselves, or hire...