Importer Exporter Code (IEC)
Importer Exporter Code (IEC) is a unique 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce, Government of India. To carry on import or export in India, IEC is mandatory.
- Date 25-Jan-2018
Benefits of Incorporated Business
An incorporated business means a business entity registered and incorporated under any Law. In India, ‘Limited Company’ and ‘Limited Liability Partnership’ are the incorporated business forms. Limited Companies are classified as One Person Co..
- Date 04-Jan-2018
Conversion of Partnership to Limited Company
By converting a firm into a company, the partnership can avail the benefits of a company. This method is preferable if the partnership firm has immovable assets in the name of the firm.
- Date 29-Jan-2018
Conversion of Proprietorship to Limited Company
A proprietorship cannot be converted directly into a limited company. The only solution is to incorporate a new company with a specific object clause, listing the particulars for a takeover of the existing proprietorship business.
- Date 29-Jan-2018
Registers and Records by Company
A company registered under the Companies Act has to maintain certain prescribed registers and records. Non-compliance of record-keeping invites penal action against the company and its directors.
- Date 29-Jan-2018