How long is the incorporation of the Company valid for?

Company is a perpetual entity which can be closed down only by law. Hence, there is no expiry date for a company. However, if there is any default in filing the annual returns or other MCA forms, the ROC may on its own close down a company.




Location: Kerala, India

Comments

Post a Comment

Popular posts from this blog

What is presumptive taxation under the Income Tax Act?

Image
Presumptive taxation is a method of offering the profits on a presumptive basis rather than the actual basis. Under presumptive taxation, you can offer a specific percentage or fixed amount as income despite offering the actual income. For example if your Sales is 1 crore, you may offer 6% of the sales that is Rs.6 lakhs and pay tax based on that instead of offering the actual profits which may be higher say 30 lakhs.  Certain conditions are applicable for one to be eligible to opt for presumptive taxation which are detailed in sections 44 AD, 44 ADA and 44 AE. For Company Registration in Kerala and Business Registration in Kerala , visit parpella.com
Read more