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Showing posts from December, 2023

What is a Public Limited Company

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 A Public Limited Company (PLC) is a type of business entity where ownership is determined by shares traded on a stock exchange. PLCs often have higher capital requirements and are subject to more stringent regulatory requirements than private companies. They can raise capital by offering shares to the public. Steps to Register a Public Limited Company: 1. Choose a Suitable Name: Ensure the name isn’t already in use and complies with naming regulations. The name should end with " Public Limited Company " or its abbreviation "PLC." 2. Registered Office: Provide the address where official documents will be sent. This can be a physical office or the address of a company formation service. 3. Directors and Shareholders: A PLC must have at least two directors and at least two shareholders. Directors are responsible for the company's management and decision-making. 4. Share Capital: Determine the initial share capital the company will issue. Prepare the Memorandum of...

Section 8 Companies: Exemptions and Benefits

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 Section 8 companies are non-profit companies registered under Section 8 of the Companies Act, 2013. They are formed for charitable, educational, religious, or other purposes beneficial to the general public. Section 8 companies are exempt from a number of regulations that apply to other companies, including: Minimum paid-up share capital: Section 8 companies are not required to have a minimum paid-up share capital. This means that they can be formed with a small amount of money, making them more accessible to individuals and organizations with limited resources. Number of directors: Section 8 companies can function with a minimum of two directors. This allows them to have a lean and efficient board structure, which can free up resources for their core mission. Independent directors: Section 8 companies are not required to appoint independent directors. This can save time and money, and it also allows them to have a board of directors that is more aligned with their mission. Comm...

how to start real estate business in india

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The real estate sector is one of the most prominent and dynamic industries in India. It plays a crucial role in the country's economy, contributing significantly to employment, infrastructure development, and overall economic growth. To operate legally and effectively in this sector, real estate companies must undergo mandatory registration procedures. Types of Real Estate Companies Real estate companies can be classified into various categories based on their business activities: Real Estate Developers: These companies acquire land, develop it into residential, commercial, or industrial properties, and sell or lease them to end-users. Real Estate Brokers: These companies act as intermediaries between buyers and sellers of real estate properties, facilitating property transactions and earning commissions from the deal. Real Estate Consultants: These companies provide professional advice and guidance to clients on various aspects of real estate, such as property acquisition, in...