Author name: KnowGro

In the intricate web of corporate structures governed by the Companies Act, the term “associate company” holds significant weight. Recognized and regulated under section 2(6) of the Companies Act, 2013, an associate company is a vital concept that influences corporate relationships, decision-making processes, and financial transactions within the business landscape.

In the dynamic landscape of business, small companies play a crucial role in driving innovation, fostering entrepreneurship, and contributing to economic growth. The Companies Act 2013 in India recognizes the significance of these entities and provides a regulatory framework tailored to their specific needs. Through this article we have tried covering the concept and advantages of a small company.