A mutual fund is a way of doing business through Company by way of pooling of resources in form of money from various individuals, Corporates, High Net Worth Individuals, Foreign Investors who invests their wealth (Money) in various stocks, bonds, debt instruments, convertible notes or other similar assets. Mutual Fund in India are basically governed […]
Legal Solution Provider
Limited Liability Partnership (LLP) is way of doing business which has basic structure of partnership but it is considered as Body Corporate. Because of its corporate structure, LLP separates itself from partners. The rights and duties of the partners are governed by the LLP deed which are generally agreed signed and filed with government, it […]
Income Tax Department has facilitated an effective system of collection of taxes under which any person who is responsible for making payment of income under the Income Tax Act, shall be required to deduct tax at source and deposit the same with the government within the time mentioned under the TDS Provisions. Tax is required […]
Given the situation of ‘new normal’ ushered in by the pandemic, the functioning of the corporates has drastically changed. The adherence to the laws applicable while still holding its significance has shifted to the virtual modes. The Board meetings and other meetings have taken to the Audio and Video means. These relaxations accorded by the […]
A Sole Proprietorship is a form of business organization where a business is managed by a single person. Usually, it does not require any registration as such. Any person who wants to start a business with a smaller investment can take this type of business form. The control of the business is solely in the […]
Table of Content What is financial planning? What are the Objectives of financial planning? Why financial planning is important in a business? Process of financial planning Advantages of financial planning Conclusion What is financial planning? Once a vision and objectives have been determined, a business organization creates its financial plan. Financial plan is a document […]
The Goods and Services Tax is an indirect form of taxation that has dramatically simplified Indian taxation laws. GSTR4 serves as the GST return for composition dealers, which is a scheme offered under the GST regime for certain types of taxpayers. The GST return for the composition scheme must be filed annually now, whereas, until […]
On May 03, 2021, Ministry of Corporate Affairs published a General Circular No. 06/2021 relaxing the time and additional fees to be payable by any Company or LLP till July 31, 2021, regarding Forms that are scheduled for filing between 01 April 2021, to 31 May 2021 (except charge related forms). A fee waiver means when someone charges you a […]
Every Indian at some point in his/her life has thought ‘Apna ghar hona chaiye.’ Bearing this in mind, buying an apna ghar is not as simple as it used to be. If you have ever tried to purchase a home in India, the word RERA is something you must’ve heard people tossing around, and most […]
To contract out everything to a third party like from Housekeeping to Internet Security is coined as ‘Outsourcing’. Outsourcing various activities let companies concentrate on its core functions. It can actually save company’s valuable time and hence company can handle its important operations effectively. Many types of tasks can be outsourced like customer services, activities […]
A Franchise agreement is a legally binding document that governs Franchisor and Franchisee and defines all rules and regulations related to franchise. There is no prescribed format for the Franchisee agreement as to the terms and conditions, methods of operations of various franchises depend upon the nature and type of business. The Signing of the […]
Now a days Trade License has become a very crucial document for an individual or a person who wants to commence or set up a new business in a certain specific area/location/site. This kind of a license allows a person to carry on its trade or a business for which such Trade License has been […]
The 43rd GST council meeting was held on 28th May 2021. The council has announced GST Amnesty Scheme 2021 and provide big relief by providing waiver /reduced late fees and interest. Apart from reduction/rationalization in late fees and interest for pending returns, Due dates for filing of GSTR-1, GSTR 3B, IFF, GSTR-4, ITC-04, Cumulative application […]
Income tax return is a crucial statement of income of the concerned assessee, both for government and the individual or person filing it as it provides bases for many in depth conclusions like per capita income, sector wise growth etc. As India has a number a small scale industries or organisation contributing towards it GDP […]
Table of contents: Introduction Requirement to become a director Types of Director in a company What are the provisions of appointment and cessation of directors? What are the Duties and Responsibilities of Directors? Conclusion Introduction: In today’s era, Private Limited Company is one of the most common and popular form of business organisation which is […]
Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by […]
You might have heard the word “Audit” so many times, well let us dive into this, what is “Audit”, if you go by oxford “Audit is an official examination of the present state of something, especially of a company’s financial records” but the concept doesn’t end here, there are various types of Audit conducted under […]
If you are registered under GST, you must know that it is not permanent, and the registration granted can be cancelled for stipulated reasons. The department can initiate the cancellation on their own motion (they cancel it), or you can also apply for cancellation of your registration. Due to some conditions as prescribed, any person whose registration is cancelled by […]
Annual General Meeting, commonly known as AGM, is a mandatory yearly compliance requirement that every company needs to follow. In the case, any company fails to conduct the AGM, it will be considered as default. As a result, the company would be subject to a hefty penalty. Therefore, it is imperative for every company to […]
As we all know that businesses are still attempting to grasp the changes needed in their current systems due to day to day changes in GST. The applicability of GST on food industry, services, and food items or products has put an end to all the cascading effects of several indirect taxes. In this blog, […]
Trust implies the transfer of a property (cash, shares or valuable asset) from the owner to another person. There are two types of trusts – Private and Public. A private trust is formed for the benefit of a group of people. Public trust is formed for the benefit of the general public. Trust Registration is […]
In the current Pandemic situation, taking medical insurance has become extremely important. Due to current COVID-19 situation, medical expenditures to cure diseases is now a regular expenditure especially for senior citizens. Medical expenditure also covers the hospitalization expenses for the senior citizen aged above 60 years. Section 80D of the Income Tax Act,1961 has given […]
Table of content · CSR Fund for CSR funding· Re-registering Under Form 10-A· Amendments to section 80 G· Fresh Registration under section 12AB· Inference Donations play a vital role in the management and functioning of NGO’s, trusts and charitable organizations. Many NGO’s feel immune to different forms of taxation as they are non profit organizations who work primarily for the […]
If you are planning to set up your canteen business, then you are at the right spot. Here in this article, we will be focusing in detail how to start a canteen business in India. Demand of canteen business in India is very high. To start a canteen business in India we require systematic investment […]
In this article, we will be focusing on many points which is helpful for saving tax if we own a private limited company. This article will be very helpful for you to learn tax saving tips for private limited company. We have simple way to save tax i.e., give salary to founders or directors, we […]
Following the 2016 demonetization, obtaining cash seemed a daunting task. During a time like that, more and more individuals started switching to cashless payments. Soon after, the National Payment Corporation of India (NCPI) developed and launched BHIM (Bharat Currency Interface) to provide effortless cashless payments. UPI (Unified Payment Interface) and e-wallets are now very popular […]
Introduction As per section 68 of the Companies Act 2013, Buy-Back of shares is a process by which the company purchase it’s shares from the existing shareholders usually at a price higher than the market price. It is the option available to the shareholders to take exit from the company’s business. It is an alternative […]
Introduction As per Companies Act 2013 any class of shares that carry a preferential right with respect to payment of dividend and repayment or redemption of capital are called preference shares. Preference shares are of many types. One such type is Non-Convertible Preference Shares. Non-Convertible preference shares are those shares which can not be converted […]
An e-way bill is an electronic medium to generate way bill for the movement of goods. It has to be generated on the e-way bill portal. A GST registered person cannot transport goods in a vehicle without an e-way bill, if the value of goods exceeds Rs 50,000. An e-way bill ensures that the goods […]
We often come across the term ‘tax refund’. Let’s understand what it means. A tax refund or tax rebate is a refund provided when the tax liability to the taxpayer is less than the taxes paid. Taxpayers can avail the benefit of tax refund on their income tax if the tax liability is less than […]
Income tax department have provided various deductions with a view to encourage savings and investments amongst the taxpayers from the taxable income under chapter VI A deductions. Let us discuss these deductions in detail: Table of Content Section 80C – Deductions on Investments Section 80CCC – Insurance Premium /Section 80CCD – Pension Contribution Section […]
For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance. A Limited Liability Partnership has only few compliances to be followed every year which is amazingly low as compared to the compliance requirements placed on the private limited companies. However, the […]
Till now, there was no provision in the Companies Act, 2013 that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits. Only the executive director was entitled for a remuneration in the event of a loss. Public companies can now remunerate their non-executive directors, including independent directors, […]
Food plays an essential role in our lives. It gives us the required energy and nutrients that facilitate healthy development and helps one to stay active. However, one must ensure that the food consumed is safe. Food Safety and Standards Authority of India certifies that the food is acceptable for human consumption. It provides an […]
A business organization held by a small group of people is known as a Private Limited Company. It’s owned by a group of members called shareholders. Startups and businesses with high growth aspirations popularly choose the private company as the appropriate business structure. The business entity is recognized as a company through registration under the […]
Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by […]
Change is common, and things keep changing all the time. So do you think about sticking to the same business name is a wise decision even if your company is expanding in different new areas? The company name change is not that easy process and must not be taken lightly. Your company’s name must be […]
Provident Fund is a retirement benefits scheme for employees which is compulsory and managed by Government. Employees contribute every month a part of his/her savings in their pension fund. These monthly savings amounts get collected each month and can be entered as a lump sum amount at the time of retirement or completion of employment. […]
With the advent of globalization of Indian economy and growth of the international business the campaign of workers thereon, the world has also been enhanced. Social protection is a vital dimension while structuring the international assignments for the employees. Any social security advantage payable in the host country may become an added cost to the […]
In pursuit of Corporate Governance, Corporate excellence and better compliance with Provisions of the Companies Act, 2013 and rules made there under from time to time, the Ministry of Corporate Affairs has introduced sweeping changes in the way the corporate functions, change in role of stakeholders and professionals at large. One of the major sea […]
To settle on the correct choice for funding your start-ups, you should know the difference between venture capitalists and angel investors, and what each can proffer. Independent ventures and start up organizations exist in a thrilling financial environment that provides a lot of chances to striving entrepreneurs. Contingent upon the idea of a business and […]
A Non-Governmental Organization (NGO) is a non-profit group that gathering freely of any Government. NGOs, infrequently called civil societies, are organized on body, national and international scale to serve a social or political aim such as humanitarian causes or the environment. Often set up by common citizens, NGOs may be funded by Governments, foundations, trading, […]
Successful startups are ones that are driven by passionate entrepreneurs who are focused on building unique solutions that deliver customer delight. While it is very important to have a strong focus on customers and the market, it is equally critical to have a good understanding about the basic laws, rules and regulations that are applicable […]
Foreign Investment means investment by the Company or individual of one nation in the assets or ownership of a corporate of the another nation. With the introduction of the LPG (Liberalization, Privatization and Globalization) Policies in the year 1992 it has became easy for the Companies of various countries to interact with each other and […]
Taxes collected from the citizens are the foundation of the Indian economy. Without any collection of tax, the economy of any country cannot sustain and grow. In India, taxes are collected from Indians. But what for those who are Indian citizens but are earning outside India. The income tax rules and perks allowed to them […]
To raise subscribed share capital of a registered Company, additional capital shares are issued through Right Issue. However, instead of issuing shares to the public at large, the Company issue shares to existing shareholders of Company in proportion to their existing holding. It is an exceptionally used method to increase the share capital of the Company. According […]
At a growing stage of the Companies, Employee Stock Option Plan (ESOP) plays a vital role to attract and preserve valued employees for long term altitudes. If a company proposes to increase its subscribed capital by issuance of shares, such shares issued will be offered to Employee’s under the ESOP scheme, through a resolution passed by […]
For any merger and an acquisition, it is important to note that such a transfer requires how such a transfer is acquired along with what has been acquired. Such a structural transaction is what makes or breaks the deal. While preparing for a transfer, it is pertinent to have such provisions in future that can […]
We Indian people don’t like any kind of objection in our life and this is the matter of trademark objection. Then, how can we bear it? Today, in this article we will tell you about Trademark objection, reply, and trademark examination report reply. So, after rushing here and there you select a trademark for your […]
There are several ways by which a company can raise long-term capital, e.g. issue of equity shares, preference shares, debentures or accept money by way of deposits. Generally, such capital is utilized for expansion purpose e.g. purchase of non-current assets, such as property, plant and equipment, tangible assets, intangible assets, etc. Sometimes, the companies especially […]
According to the Companies Amendment Act 2017, a Company can raise funds or Capital mainly in three ways: (1) Private Placement/ Preferential Allotment (2) Right Issue (3) Bonus Issue. According to the provision of Section-62 subsection (1) clause (a) at any time, a company having a share capital proposes can increase its subscribed capital by issue of […]
India has seen an upsurge in the coming of IT startup companies. With the tech-movement throughout the globe, we see more and more IT companies in the market. Starting a IT company may be quite interesting and at the same time challenging, given the legal complexities and procedures. You may be in an anxiety-driven rush […]
There are lakhs of NGO which are working in India for the welfare of Society. During COVID Pandemic also NGO’s has played a vital role in taking care of poor people and providing them food and shelter during lock down period. Few years back the Government of India has launched NGO Darpan portal to maintain […]
India saw the growth of industrialisation and capitalism during the initial years of the 20th Century. With the number of workers increasing with each passing day, it became important to safeguard and protect the rights of these workers and to formalize the groups thus formed. Therefore, for the registration and protection of these groups of workers, […]
Have you ever dreamt of isolating your income from probable taxes? We bet you did, maybe countless times. But let face it- this is something you can’t refuse or overlooked. Well, most of us look at taxes as a financial burden. What could maximize our stress could be a lack of knowledge in regards to […]
Under Indian law, shares of an unlisted company may be held either in physical form (i.e., denoted by letters of allotment/share certificates issued against such shares) or in dematerialized form (i.e., with the depository participant by opening an account, “Demat account”). Section 29 (1) and Section 29 (IA) of the Companies Act, 2013 talks about the issue of securities […]
A company has no physical existence, it is merely a legal entity. It can only act through natural persons. The person acting on the company’s behalf is called a Director. They are professional people, hired by the company to direct its affairs. They can also be called – the officers of a company. Any person […]
India is the world’s largest sourcing destination for the Information Technology (IT) industry, accounting for approximately 67 per cent of the USD 124-130 billion market. The industry employs about 10 million workforce. This large pool of qualified skilled workforce has enabled Indian IT companies to help clients to save USD 200 billion in the last […]
In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign nationals and foreign LLPs (Limited Liability Partnerships) to become a partner in LLP but as per the Foreign Exchange Management Act and regulations and rules, foreign investment in LLP was not allowed, therefore […]
This article iterates the NGO Darpan Registration Process. In India poverty percentage is about 6.5%. The computation of this figure is based on 2019, PPP International Comparison Program. According to the United Nations Millennium Development Goal Programme, 88 million people out of 1.38 Billion people Indian, roughly equal to 6.5% of India’s population, lived below […]
FCTRS Filing under FEMA or the Foreign Exchange Management Act was passed in the parliament of India in the year 1999. Under this act, all financial activities are monitored related to foreign trade and payments. This was the catalyst for the incorporation of Prevention of Money Laundering Act as well. With the existence of FEMA […]
Foreign investment in India is required for the development of the economy and improvement of the gross domestic product. However, when receiving foreign investment, there is a requirement of compliance under the respective foreign exchange laws. One such law that is enacted by the Parliament is the Foreign Exchange Management Act, 1999 (FEMA). The regulatory body […]
One has to follow a long to-do list to set up a new business entity. As you gain control over the business part, we would like to shed some light on one crucial aspect i.e. selecting the right business structure. Selecting the right structure from various forms can be an intimidating task for anyone. But […]
One Person Company, shortly known as OPC, is a kind of company established under the Companies Act, 2013 for the purpose of enabling a solo Entrepreneur to begin and manage the limited liability entity. The main purpose of the OPC establishment is to support lone individual Enterprises. Typically, OPCs have a low turnover compared to […]
When a company receives foreign direct investment (FDI) through capital Investment, the Company allots shares to the foreign investor for this, and there is a mandatory requirement for the reporting with RBI (Reserve Bank of India), which is to be done in form FC-GPR. It is a type of form which is issued by RBI under […]
The Ministry of Corporate Affairs recently announced the new Corporate Social Responsibility Rules, which will be called Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. the Ministry of Corporate Affairs (MCA), by way of powers conferred under section 135 and 469 (1) and (2) of the Companies Act 2013, has decided to amend the provisions […]
The Finance Act, 2020 has established a new Section 194-O that elaborates on levying 1% Tax Deducted at Source on Payments made to E-Commerce operators that has been applicable from 1st October 2020. In this blog, we will talk about TDS Applicable on payments made to E-commerce operators. Applicability of Section 194-O Section 194-O will be applicable on Residents […]
Finance Minister Nirmala Sitharaman, in Budget 2021, announced multiple changes to the goods and services tax framework aimed at helping small and medium businesses to tide over pandemic-induced disruptions. This includes relaxation in the mandatory audit requirement for registered businesses, determination of interest payable against outstanding tax liability and specifying conditions under which input tax […]
Budget Highlights – Income Tax Financial Highlights 2021 The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. The Budget speech was given by the FM from 11 a.m. to 1 p.m. It is the first budget of this decade, and it’s also a digital […]
The Government of India initiated the Startup India Scheme under the leadership of PM Narendra Modi. The Startup India Registration Process was introduced to nurture and encourage the growth of startups in India. This scheme offers numerous benefits to the startups that register under it. The scheme has a broad vision of development of the […]
With the advancement of smart phones and internet users around the world, e-commerce business is booming and sky rocketing at an unimaginable pace. Your E-commerce store is just a click away from everyone across the globe. However, entering into this business requires a lot of formalities to be fulfilled including the compliances, laws to adhere […]
Over the years, the government has taken various initiatives to make educational institutions accessible to the society at large in a bid to ensure education for all. Although government schools are the largest provider of elementary education in our country with over 80% of all recognised schools being run or supported by the government, but […]
A startup is a newly business setup that is small in nature and initiated by single or a group of individuals. What makes the startup different from other businesses is that a startup presents a new product or service that is not in present at some other place in the same manner. The base of […]
The Government of India (GOI) has brought about rules related to the FDI policy for E-Commerce Sector. This policy has been influenced by various meetings and discussions between market participants. The market participants brought out suggestions on the FDI policy for E-Commerce Sector. Indian Government has amended the FDI policy for e-commerce sector to balance the needs […]
The term “Retail Business” denotes the purchase of finished goods from the producers or manufacturers and selling them further to customers. Further, India ranks at the top position in the world in terms of retail and wholesale trade and contributes around 23% and 8% to India’s total GDP (Gross Domestic Product) and employment, respectively. However, […]
A money lender is someone who lends small amounts of money at a higher rate of interest. The reason for charging higher rates of interest is that the money lender faces a higher risk of default than normal banks due to various reasons. People who are desperately in need of money but at the same time […]
India is a world leader when it comes to tea-growing because of its favourable climate and abundant supply of labour. The FSSAI has released guidelines specifying the rules and regulations that tea businesses in the country need to follow. So, what is the FSSAI license for a tea business in India, and why do we […]
Have an internet connection? If yes, then you can now you can turn your home into a restaurant by selling food to millions from your doorstep! Well, like all other things, eCommerce also gives you an opportunity to start your home-based food selling business. Therefore, if you are skilled at cooking, you can now turn your hobby […]
Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy programme launched by the government of India in 2008. It is a merger of two schemes, namely, Prime Minister’s Rojgar Yojna and Rural Employment Generation Programme. The program focuses on generative self-employment chance via micro-enterprise start in the non-farm sector by helping unemployed youth and […]
In recent times, there are a number of restaurants opening up by offering a range of popular gourmet cuisines and regional fast food from around the world. In India, the fast-food trucks are becoming quite popular, especially in the metro cities across the country. The reason for the increasing popularity of the food truck is […]
Today Blogging and freelancer is the fast emerging profession in the world. Any one from any core of the world can join this profession. No much investment is required. Blogging requires good written skills & knowledge of the area to which your blog relates and freelancing required knowledge of Google AdSense. Blogging can make maximum […]
Giving a loan or loaning means lending money from one individual or entity to another. A loan has three components – principal or the borrowed amount, rate of interest and tenure or duration for which the loan is availed. It is one of the primary financial products of any bank or NBFC (Non-Banking Financial Company) […]
Coir Vikas Yojana (CVY) is a scheme initiated by Coir Board that functions under the Ministry of Micro, Small, and Medium Enterprises (MSME) It has been rolled out with the goal of facilitating the development of export as well as domestic markets. Coir Vikas Yojana also aims at providing effective training and skill development, entrepreneurship / […]
The Interest Subsidy Eligibility Certificate (ISEC) Scheme is an important mechanism of funding khadi programme undertaken by khadi institutions. It was introduced to mobilise funds from banking institutions for filling the gap between the actual fund requirements and availability of funds from budgetary sources. Khadi and Village Industries Commission initiated Interest Subsidy Eligibility Certificate (ISEC) […]
The Ministry of MSME has decided to implement the ZED Certification Scheme with the help of Quality Council of India (as NMIU) & other stakeholders for 22,222 MSMEs unit with a total budget of Rs. 491 Crores (including Government of India contribution of Rs. 365 Crores) during the 12th Five Year Plan. Objectives of the […]
Introduction The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by Ministry of Micro, Small and Medium Enterprises, Government of India, and the Small Industries Development Bank of India (SIDBI). This scheme is launched to make available collateral-free credit to the micro and small enterprise sector. Existing and new enterprises both […]
A unique symbol or word(s) used to signify a business or its products is known as Trademark. Once registered, that same symbol or series of words cannot be used by any other organization, continually, as long as it remains in use and proper paperwork and fees are paid. Consider of the apple shape with the […]
The articles of association of a company are its by-laws or rules and regulations which govern the management of its internal affairs and the conduct of its business. They are framed with the object of carrying out the aims and objects as set out in the Memorandum of Association. Further, the AOA or Articles of Association […]
A startup is a new business setup that is small in nature and initiated by a single or a group of individuals. It makes the startup different from other businesses. A startup presents a new product or service that is not available at some other place. The base of a startup is modernization and strangeness. […]
Today’s time is undoubtedly everything about to what extend one can quickly get what they want. All thanks to E-commerce, which is booming today in the online shopping portals. Those are Flipkart, Amazon, and many more, which have transformed the shopping involvement for the interested and remote consumers. Fashion! Food! Basics! Yes! We are talking […]
Organic foods and supplements are grown naturally using manure, sunlight and without the synthetic application of fertilizers and chemicals. In recent times, organic farming has gained momentum and people have started to prefer organic products. Farmers are also slowly adapting to the change and are using chemical-free stuff for the growing the produce. The cost […]
The term Conversion of Debentures into Shares denotes a process under which a Debenture Holder decides to become a Shareholder of the company by converting his/ her Debentures into Shares. Further, after becoming a Shareholder in the company, the said person will get the Right to Vote. In this blog, we will discuss the concept of Conversion of Debentures into Shares and the Procedure for the same. Concept of Debentures The term “Debenture” […]
Under Companies Act, 2013, Company can raise funds via preferential allotment, employee stock option plan, sweat equity shares and right issue. Issue of Shares through preferential basis is the fastest way for a Company to raise capital. Section 62 (Allotment of Shares) and Section 42 (Allotment of Securities) of Companies Act, 2013, provides for the Issue of […]
Shareholders are the real owners of the company, and they appoint Directors to manage the affairs of the company. Shares of the company held by shareholders are movable property and freely transferable to the other person or entity. As the number of shares decides the percentage of ownership by the shareholder, transferring of shares leads […]
Running a business or company isn’t any cakewalk. To run a business successfully, the right decisions have to be taken at the right time. As such, whether it be a small or well-established business, new decisions and choices have to be made now and then for the successful execution of the plans and strategies. All […]
One of the crucial features of the Private Limited Company or a Limited Company is the free transferability of ownership. The Transfer of shares is a voluntary act by the parties, and after transfer, the ownership of the shares is transferred from the transferor to the transferee, whereas the Transmission of shares means transmission of […]
The concept of a Non-Profit Company is quite old in our country India. The Companies Act, 2013 provides for the Registration of Non-Profit Companies in India. Any person intending to form a Company with a non-profit object can register in India. Section 8 of Companies Act, 2013. read with the Companies (Incorporation) Rules, 2014, provides for […]
To flatten the cash flow for MSME, Reserve Bank of India decided to set up an operating system known as Trade Receivable Discounting System (TReDS).MSME faces many delays in receiving the payments for the goods and services supplied by them, but the same can resolve by adopting TReDS. Role of MSME in Indian Economy In India, […]
LLP and Partnership Firm are business entities which are incorporated or brought into existence by two or more people who come together to form an entity. These people are called partners. Furthermore, the profits and loss of these firms are distributed between the partners of the firm as per the agreement made between them. In […]
In India, new technological developments are making a high impact on the quantity and the quality of the products, but the fact is that the consumers are still the victim of fraudulent practices. Therefore, the Consumer Protection Act,2019 comes in to force from 20 July, with its salient features including the establishment of the Central Consumer […]