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Custodian Guidelines of Petty Cash
PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h
One Person Company (OPC) - Pros and Cons
With this new concept, small entrepreneurs can set up a one person company (OPC) without sharing their profit with another individual. They can register with just one shareholder with limited regulatory costs and other requirements.
What is a One Person Company (OPC)?
The concept of a "one-person company", or OPC, has been introduced in India under the Companies Act, 2013 and the intent is apparently to permit entrepreneurship of a single individual to obtain the benefit of a corporate form of organization.
One Person Company (OPC) - An Analysis
The introduction of OPC in the legal system is a move that would encourage corporatization of micro businesses and entrepreneurship with a simpler legal regime so that the small entrepreneur is not compelled to devote considerable time, energy and resources on complex legal compliances.
Sole Member/Nominee of a One Person Company (OPC)
OPC shall have one Member (Sole Member) and a Nominee (a person who shall; in the event of death or incapacity of original sole Member to contract; become the Member of OPC).
Formation of a One Person Company
COMPREHENSIVE DISCUSSION ON ONE PERSON COMPANY
Incorporation of a One Person Company
One Person Company is a new concept introduced by the Companies Act 2013. As the name suggests, a one person company is formed with only one person as its member.
What is a One Person Company?
The recently enacted Companies Act 2013 has introduced us to a new form of business organisation in the country, viz., One Person Company (OPC). OPC is a significant and innovative idea of an organisation model.
One Person Company - An Introduction
Section 3 of the Companies Act deals with the Formation of Companies. The corresponding section of the erstwhile Act was Section 12 – Mode of forming incorporated Company.
Investing in Mutual Funds V/s Direct Stocks
In this article, we will be discussing the difference between investing in Mutual Funds and Direct Stocks, together with understanding the better option between the two.
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