One type of company that has emerged to be a major player in the market is NBFC or Non-Banking Financial companies. NBFCs have been contributing a reported 12.5% rise in the Gross Domestic Product (GDP) and are therefore among one of the institutions with huge potential for changing the landscape of financial services.
A section8 Company is a company whose main objective are to Promote fields such as arts, science, commerce, sports, education, religion, charity or such other objectives, uses its profit for the promotion of its objectives and they doesn’t pay any dividend to its members in the company. In simple words, it is a Company with no intention to make a profit. Any individual or association of the persons can form a Section 8 Company.
1. Healthy Relationships With Vendors
Your Accounts Payable Service is highly dependent on your relationships with your vendors. The better the relationships, the more benefits you will have.
This bond can help you with many issues like needing supplies immediately, getting your due dates delayed, and being able to take advantage of discounts and tempting offers before your competitors.
Outsourcing accounts receivables is an efficient way to save on time, money and resources. Find out more.
Are your current accounts receivable percentages low? Does your business often receive payments that are late or inaccurate? Do you want to see an improvement in the overall efficiency of your accounts receivable operations? If yes, what your business needs is outsourcing.
Your company is growing and you’ve never been busier. Sales are up, new customers are coming on board and you’re hiring like crazy. Your problem is cash… it just doesn’t seem to be at the levels you expect given your success. And you are spending way too much time on things that really aren’t growing your company. Like accounting.
If you happen to be an entrepreneur or a sale one that has his/her sights on the acquisition of a business, it’s your right to examine the financial records, and research that’s company activity related. Due diligence services in India enters the image at now and ensures that related information is compiled. It also sees if there’s a minimum average which can influence your ultimate decision regarding the acquisition or purchase.
Due Diligence Steps
Secretarial audit is done in order to verify the compliance of various legislation including the Companies Act and other corporate and economic laws applicable to the company.
In India, following companies are required to conduct secretarial audit and obtain Secretarial Audit Service in India as per section 204 of the Companies Act 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014:
All you would like to understand about Nidhi Company Registration Online in India – Nidhi Company may be a company comes under the non-banking Indian finance sector. the most objective of this company is to develop the policy of thrift and stockpile funds amongst its members. this sort of company is acknowledged under section “406” of the businesses Act, 2013 and Nidhi Companies Rules, 2014. It also receives deposits and lends funds to its members under several conditions.
Choosing an appropriate name for the corporate is one among the foremost important steps while fixing a business or a corporation . The name which is chosen should be under the principles of the businesses Act, 2013 or indebtedness Partnership Act, 2008. There are certain rules and guidelines in naming the corporate which has got to be followed while choosing a suitable name for Annual Filing for LLP or a corporation .
Companies including Private limited company, Limited Liability Company, One Person Company, and Section 8 companies registered in India are required to file an annual return every year with MCA. The main aim of filing Annual Compliance of Pvt Ltd Company is to confirm that the company is still active in the market or in business/trading or the business will commence in the near future.
