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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…

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,…

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…

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…

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…

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…

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…

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…

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…

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…