Key Features of Section 8 Company Non-Profit Motive: One of the fundamental features of a Section 8 Company is its non-profit motive. Unlike other types of companies, Section 8 Companies do not distribute profits among their members. Instead, any surplus generated from their activities must be reinvested into the organization to further its objectives. Exclu...
Key Steps in Public Limited Company Registration: Name Reservation: Selecting a unique and acceptable name for the PLC is the initial step. The proposed name must comply with the regulations set by the relevant government authority. Drafting the Memorandum and Articles of Association: The Memorandum of Association outlines the company's objectives, and the A...
MSME registration is done online on MSME or Udyam registration portal, which is completely free, paperless and based on self declaration. No documents or proof of any kind is needed to be uploaded. Only Aadhar number is needed to be entered, PAN and GST details are automatically recorded from the government database. Only one registration is required to be f...
A lean production system is a manufacturing philosophy that prioritizes continuous improvement, waste reduction, and efficiency. Its objectives are to increase overall productivity, reduce resource consumption, and streamline processes. A key player in putting these ideas into practice and making the most of them inside a business is a lean manufacturing con...
