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Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by Indian law. This article discusses about the Corporate Social Responsibility (CSR) in India and mandatory requirements of CSR for companies. It gives a detailed analysis of how…

Companies and LLPs in India must comply with the yearly filing requirements stipulated in the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Filing with the ROC should be done once a year or when certain events occur. The Ministry of Corporate Affairs released a series of notifications…

When you wish to create a financial business across India without RBI clearance and capital restrictions, registration of microfinance companies under section 8 is the best alternative. Section 8 microfinance companies can be established with microfinance aims for social purposes in order to assist impoverished people in reducing poverty. Under…

Nowadays, a lot many companies are getting incorporated quite successfully with different objectives in the form of public, private, or any other thing as per the provisions of the Companies Act, 2013. After the incorporation of the company, certain compliances have to be done by the company like conducting the…

There are a lot of new-age companies that are not performing up to the mark in the market. They have no track record of having an operating profit in most of their years of working, yet routing towards IPO to raise funds. However, the Securities and Exchange Board of India…

Companies and LLPs operating throughout India are required to follow the yearly filing requirements outlined in the Companies Act, 2013 and the Limited Liability Partnership Act, 2008. Filing with the ROC should be done on an annual basis or when specific occurrences occur. In the early months of the new calendar year,…

When a taxpayer constructs a Challan, the amounts to be contributed to each Minor Head inside each Major Head are chosen by the taxpayer. The Electronic Cash Ledger is updated with the money under the Major and Minor Heads as per the Challan after the payment is received successfully and…

Section 153 A of the Income Tax Act, 1961 specifies the system for assessing income in the case of a searched person. In terms of the stated clause, the Assessing Officer might frame assessment of a searched individual for six assessment years immediately proceeding the year of search. One such aspect…

With the rapid change in time and fast development of technology, the world is racing towards perfection. India is a country that is very well competing in this race and is improving every single day. India is one of the most preferred countries for business start-ups and entrepreneurship. Since our…

The definition of Religious Trusts is not present under the Income Tax Act, 1961. The creation of a Religious Trust is mandated by the special law of a certain faith. Furthermore, in accordance with conventional principles, trust is only involved in the exercise of their own faith and belief. Most 'Religious…