A sole proprietorship was the only option for a person who wanted to start a business alone. Now you have an alternative option: a one-person company. The concept of one person company (OPC) allows a single person to run a company limited by shares. A sole proprietorship is an entity run and owned by one individual without […]

Section 8 Microfinance Company Registration is the perfect solution. It enables you to establish an organization focused on helping underprivileged communities reduce poverty through accessible microfinance services. Section 8 Microfinance companies are exempt from acquiring an RBI license according to the master circular (RBI/2015-16/15 DNBR (PD) CC.No.052/03.10.119/2015-16) dated July 01, 2015. Microfinance in India allows for

The RBI vide its Statement on Developmental and Regulatory Policies dated February 08, 2024 announced its decision to mandate Regulated Entities (REs) to provide Key Fact Statement (KFS) for retail and Micro, Small & Medium Enterprise (MSME) loans. Following the aforesaid, RBI issued a notification dated April 15, 2024 (Circular) to “harmonise” the instructions in

The E-Grantz Scholarship has a rich history of empowering students since its inception. Established in 2021, the scholarship aims to provide financial assistance to deserving individuals pursuing higher education. The E-Grantz scholarship is a financial aid program to support student’s education. It offers scholarships to deserving candidates based on various criteria such as academic merit,

The Haryana Parivar Pehchan Patra (PPP) initiative aims to create a reliable database of families living in the state. It seeks to enhance the distribution of public services and welfare advantages.  Haryana Parivar Pehchan Patra, also known as Haryana PPP, enables to identify eligible families for government schemes and services. This unique family ID in

If a business name has been trademarked already, you will not be able to use it. Therefore, you should try to find out if the business name already exists before using it for your own venture.  A company name is the first identity of a company. Thus, it is essential to have an appropriate name

SBI Mini Statement is a service that is provided by SBI to its account holders to enquire about the recent debit and credit transactions that are made in the account. They can track the SBI’s last ten transactions from the savings account. There are various ways to access SBI mini-statements, i.e., through mobile applications, missed

The “Parivahan Sewa” portal is an online platform developed by the Ministry of Road Transport and Highways (MoRTH) in India. It serves as a comprehensive digital service for various transport-related activities and services. The Ministry of Road Transport and Highways (MoRTH) has been facilitating the conveyance of the citizens by providing various online services thus

MCA amends Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 vie notification dated  16th July 2024 by inserting Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024 with effect from 1st August 2024.  The Ministry of Corporate Affairs (MCA) has recently issued a notification introducing amendments to the Companies (Appointment and Qualification

Starting a subsidiary company in India can be a great way to expand your business and tap into new marketsA subsidiary company is a company whose control lies with another company. The company that holds the control is termed as a Parent Company or Holding Company. The Holding company owns a majority of the shares