Articles by Parth Sharma

Major initiatives on improving "Ease of Doing Business" in India

Posted by Parth Sharma 21 August 2015 20149 Views

The Government of India has taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficien

An overview on XBRL

Posted by Parth Sharma 17 August 2015 7673 Views

What is XBRL eXtensible Business Reporting Language (XBRL) A more advanced form of XML. (XML reporting is already being used by the Income-tax Department in India.) It is a revolutionary format for financial reporting process for both preparers and

Incorporation of Private Limited Company

Posted by Parth Sharma 08 August 2015 18949 Views

Features of Private Limited Company Separate Legal Status Capacity to borrow Easy Transfer of shares Minimum number of Members : 2 ; Maximum number of Members : 200 Minimum Capital : Nil {omitted by Companies (Amendment) Act, 2015} Limited Liability

Analysis on Fast Track Exit (FTE) Mode

Posted by Parth Sharma 03 August 2015 11335 Views

Fast Track ExitIntroductionThe Fast Track Exit (FTE) mode is introduced by the Ministry of Corporate Affairs (MCA) vide General Circular No. 36/2011 dated 7th June, 2011 (the Circular) and made effective from 3rd July 2011 as a Fast Track opportunity

Procedure for Registration of Section 8 Company

Posted by Parth Sharma 31 July 2015 19912 Views

Section 8 CompanyIntroductionSection 8 Company is a Company licensed under Section 8 of the Companies Act, 2013 (the Act), erstwhile known as Section 25 Company under the Companies Act, 1956, which has main object; For promoting commerce, art, scienc