Article by Pulkit Arora. Edited by Adhip Ray. Non-Banking Financial Companies (NBFCs) are financial organizations carry out activities which are similar to banks (while not being banks themselves). It has been defined in the Section 45I(f) of the RBI Act, 1934 as – “(i) a financial institution which is a company; (ii) a non-banking institution which is

Article by Sugandha Nagariya Incorporation of a company is not as easy as it seems; it requires loads of paper works and preparation of many documents. The two major documents that are required to be prepared by a company during its incorporation are Memorandum of Association and Articles of Association. Any small defect in these

Article by Drishti Saigal. After a startup manages to get a basic amount of funding, it tries to incorporate itself into a proper business legal structure. India allows for several business formats such as sole-proprietorships, partnerships, Limited Liability Partnerships and Companies. Of these all, LLPs are mainly used by businesses pursuing professional services, while most startups

Article by Aryan Khanna. Limited Liability Partnership, also known as an LLP for short, is a legal business structure, which is formed and registered under the Limited Liability Partnership Act, 2008. It is a form of partnership but with the added benefit of limiting the liabilities of its members.  An LLP has its liability limited to