Govt will incentivize incorporation of One Person Companies by allowing them to grow without any restrictions The move is expected to benefit more than 200,000 companies in easing their compliance requirements
This may worth something:
A post-pandemic guide to cybersecurity budgeting for 2021 | 2021-02-03 | Security Magazine
Think back – if you can remember those halcyon days – to last November, before the COVID-19 pandemic had taken hold in the West. Like a lot of organizations, you may have taken the opportunity, during a quiet holiday period, to sketch out your cybersecurity budget for 2020. Whatever you decided your company's IT security budget should be, you've probably overrun it.
That's nothing to be embarrassed about, of course. No-one had "deal with a global pandemic" as a line item in their business plan for 2021.
Budget 2021: One-person company to propel entrepreneurship, say experts | Business Standard News
Samreen Ahmad | Bengaluru Last Updated at February 2, 2021 23:38 IST
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The Budget proposal to allow forming One-Person Company (OPC) will propel entrepreneurship in the country, according to experts.
OPC is attractive as it eradicates the requirement of traditional time-consuming and cumbersome methodologies like board meetings and financial statement inclusions. “The changes introduced can possibly benefit about 200,000 companies in India in easing their compliance requirements, as earlier with the threshold of existing as an OPC was lower, having to convert to a private or public limited company meant more restrictions on the company’s trade ...
FM's New 'One Person Company' Amendments May Not Help Startups
The latest additions to the 'One Person Company' (OPC) structure now allows NRIs to use the route and directly incorporate a company in India
The new additions to the OPC structure do away with minimum and maximum thresholds of paid-up capital requirements
Lawyers and other company experts are sceptical about the new additions as these do not benefit most of the founders looking to start up
Finance Minister Nirmala Sitharaman's latest additions to the One Person Company (OPC) structure, including relaxation for NRIs and removal of threshold requirements for paid-up capital, are unlikely to increase the ease of incorporating a startup in India, contrary to initial reactions from the startup ecosystem.
While you're here, how about this:
Everett weighs public-private park project after budget woes | king5.com
EVERETT, Wash — Everett's Forest Park is a jewel in the city. But budget shortfalls could drive Everett city leaders to pursue a public-private partnership at the popular park to help generate revenue.
The city is considering leasing part of the park to Synergo, a private Oregon company that would set up an elaborate ropes course in the trees and charge for admission.
"That could be really cool for people," said Alyssa Elsasser of Lake Stevens, who was at Forest Park's playground with her two young children. "Having more options for people is great. Anything that helps the city and gives kids something to do, I'm all for it."
Budget breather for 'small companies', LLPs and one-person companies | Business Standard News
Ruchika Chitravanshi | New Delhi Last Updated at February 2, 2021 18:51 IST
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More than 200,000 companies will have reduced compliance burden following a change in the definition of small companies announced in the Union Budget 2021-22 in terms of fewer compliances, and lower filing fees and penalties.
The budget has raised the threshold of paid-up capital for small companies from Rs 50 lakh to Rs 2 crore and turnover from Rs 2 crore to Rs 20 crore.
Union Budget 2021: NRIs allowed to operate One Person Companies in India | Hindustan Times
While presenting the Union Budget 2021, finance minister Nirmala Sitharaman on Monday said that it proposes to incentivise incorporation of one person companies (OPCs). She added that the non- resident Indians (NRIs) will also be allowed to incorporate OPCs in India.
One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members to form a company.
Announcing the scheme, finance minister said "incorporation of OPCs will be incentivised by allowing such companies to grow without restriction on paid up capital and turnover, allowing conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days, and allow also non-resident Indians to incorporate OPCs in India".
Uber Eats, Chipotle Rise as Super Bowl Commercial Newcomers - The New York Times
Some of the biggest players on Super Bowl Sunday won't be wearing helmets. They're the company executives and ad makers who will be monitoring the reaction to the big-budget commercials that will have their television debuts before an expected audience of 100 million viewers.
Faced with an unusual advertising challenge, a few companies that typically promote themselves during the broadcast — including Coca-Cola and Hyundai — decided to skip this year's event. And with movie theaters having gone dark, or else selling a limited number of tickets, most major Hollywood studios won't be teasing their summertime blockbusters as they usually do during the big game.
Happening on Twitter
The 50-49 vote kicks off the budget-reconciliation process, which would allow Dems to bypass the obstructionist… https://t.co/MUrXSjdTxE TheDemCoalition (from Washington, DC) Wed Feb 03 18:08:31 +0000 2021
#KIIT School of Commerce and Economics organised a live streaming session of Budget 2021. Students along with the… https://t.co/xbE88bS0fp KIITUniversity (from Bhubaneshwar, India) Tue Feb 02 15:54:03 +0000 2021
The new coal mine will add 420 million tons of emissions over its life. That single decision is about 0.1% of the w… https://t.co/lEcoDkz35e AkshatRathi (from London, UK) Wed Feb 03 11:13:38 +0000 2021
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