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When starting a commercial enterprise, one of the crucial decisions to make is selecting the proper business structure. Two popular alternatives in India are the Limited Liability Partnership (LLP) and Private Limited Company (Pvt Ltd). This article helps you know the key differences between LLP vs Pvt Ltd. with respect to Taxation and Compliance. Taxation in LLP vs Pvt Ltd Tax Rates: LLP: An LLP is taxed as a partnership organization. The income of an LLP is taxed at a price of 30% on profits, plus applicable ... more

The PAS 6 Applicability is an important consideration for non-listed businesses in India, especially in terms of keeping transparency of their economic statements. Non-indexed groups want to be aware of how PAS 6 applies to them to keep away from any compliance issues.This informative article guides you through the applicability of PAS 6 for Non-Listed Companies. What is PAS 6? PAS 6 (Prescribed Accounting Standard) is an accounting regulation that governs the strategies for preserving and reporting the information of percen... more

The Registrar of Companies (ROC) plays a crucial function in ensuring the prison and procedural compliance of various corporate sports in India, inclusive of the transfer and transmission of shares. This article explores the ROC's responsibilities and their importance in keeping compliance. Understanding Transfer and Transmission of Shares Transfer of Shares A voluntary act initiated with the aid of the shareholder to transfer their ownership to some other character, often through sale, gift, or agreement. Transmission of Shares: An ... more