Companies often incentivize their employees by offering them a stake in the company’s growth and success. This not only motivates employees to contribute more effectively but also fosters loyalty and long-term commitment. Two popular methods of offering such incentives are through Employee Stock Option Plans (ESOPs) and Sweat Equity Shares. Both are powerful tools for […]
When appointing an employee, various documents need to be collected and executed to ensure compliance with legal requirements and company policies. Here is a comprehensive list of documents typically involved in the process: Documents to be Collected from the Employee Documents to be Executed Steps for Execution Compliance with Legal Requirements Ensure that the employment […]
The POSH Act, or the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, is an important piece of legislation in India aimed at ensuring safe working environments for women. Here are key aspects of the POSH Act: Key Features of the POSH Act: Significance of the POSH Act: The POSH Act […]
Registering a private limited company in Thiruvananthapuram, or anywhere in India, involves several steps, certifications and compliance with the regulations set by the Ministry of Corporate Affairs (MCA) under Companies Act 2013, Foreign Exchange Management Act and other applicable Laws. Here is a detailed guide: 1. Name Reservation Choose a unique name for your company […]
Choosing the right business entity is a critical decision that can significantly impact various aspects of your business, including legal liability, taxation, and operational flexibility. Consulting with Biswas Filing Service before making this decision is essential for several reasons: 1. Legal Implications Each business entity type, such as a sole proprietorship, partnership, Private Limited Company, […]
By this article we aims to provide a clear roadmap for managing your statutory compliance obligations over the next 12 months. By breaking down the key due dates and compliance requirements month by month, we aim to empower entrepreneurs and the assigned staff to proactively address their obligations and avoid penalties or legal repercussions. Remember […]
Starting a business is an exciting venture, but amidst the thrill of pursuing your entrepreneurial dreams, it’s crucial to ensure your company is built on a solid legal foundation. One of the most critical steps in this process is registering your business as a private company. While it may seem like an administrative task, the […]
The Government of India has granted permission to Non-Resident Indians (NRIs) and foreign nationals to register a new limited company in India or invest in the country, aiming to attract Foreign Direct Investments (FDI). FDIs play a crucial role in fostering economic growth and development. Under the Foreign Exchange Management Act, 1999 (FEMA) Regulations, NRIs […]
Many individuals lack a clear understanding of the difference between new business venture and a startup. While the term startup is often associated with new ventures, it doesn’t exclusively apply to them. For example, traditional businesses like restaurants, dry cleaners, or professional services firms typically aren’t categorized as startups. The concept of startups gained prominence […]
Partnership firms entail several drawbacks that potential partners should consider: Unlimited Liability: Partners in a partnership firm face unlimited liability, leaving their personal assets vulnerable to third-party claims if the firm’s assets fall short of covering its debts. Limited Chances of Expansion: Partnership firms are capped at a maximum of 50 partners, limiting their potential […]