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Ordinary Business & Special Business – Companies Act, 2013

  The executive board makes decisions and determines actions on behalf of a company in the corporate world. But how will this function in practice? It's not quite as straightforward as the selections individuals make along the way. The goals set at this stage have such a significant impact on…
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What is GSTIN and How to Apply?

GSTIN – Meaning, Structure and How to apply and applicable Fees

Every GST taxpayer is assigned a 15-digit identifying number known as the Goods and Services Tax Identification Number (GSTIN). Prior to the implementation of the GST system, all merchants registered under the state VAT statute were assigned a unique TIN number. GSTIN has now taken the role of TIN. Before…
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Draft Format of Directors Report: Small Company 2022

Draft Format of Directors Report: Small Company 2022

All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs.  Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company…
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Shocking Impact of GST on Public Trusts (Charitable and Religious Trusts)

Shocking Impact of GST on Public Trusts (Charitable and Religious Trusts)

The impact of GST on Public Trusts has increased the tensions of corrupted organizations that played with the hearts of people by breaking their belief in them.  These changes have not affected those trusts which only aimed at charity work and social welfare. Earlier the public trusts were exempted from…
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Dissolution of Partnership firms in India and its method

Dissolution of Partnership firms in India and its method

A partnership firm is a business entity and is set up for the sole purpose of profiting from business. Two or more people form a formal agreement (known as a Partnership Deed) to own and manage a business. When the purpose is attained or the partners decide to end the…
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Closure of the Companies under the Companies Act 2013

Closure of the Companies under the Companies Act, 2013

With the expansion of trade across borders, the method and protocol of company formation have indeed been uniform and streamline. However, with a rising range of rules and ensuring compliance, with fines for late compliance the numerous business owners are finding it really hard to survive. However, they are looking…
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Annual ROC filings Form wise Due Dates and applicable Sections

Annual ROC filings- Form wise Due Dates and applicable Sections

It is necessary for all companies to furnish their annual accounts and file their annual returns as per the Companies Act, 2013. However, all the structured businesses i.e. Private Limited Company , Limited Liability Partnership etc are required to fill out certain forms annually or upon the occurrence of a specific…
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Setting up of business in Rajasthan

Setting up of business in Rajasthan-The land of dreams

In India, youth folk's entrepreneurship desires seem to be on the upswing. The main factor about this is that there are currently several more technology options throughout the nation and enabling transforming a business is incredibly easy. The main export items made in the region are hand-print fabrics, marble statuettes…
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All about Start-Up India Fund Scheme (SISFS)

All about Start-Up India Fund Scheme (SISFS)

India is on a mission to build a robust start-up ecosystem. This entire blog will be focused on one of the start-up schemes that is, the Start-up India Seed Fund Scheme(SISFS).  Start-up India was first announced by the Indian Prime Minister, Shri Narendra Modi during his speech on eve of…
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Procedure to Convert Section 8 Company into a Private Limited Company

Procedure to Convert Section 8 Company into a Private Limited Company

The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in our nation, India. Profits from Non-Profit Corporations are subject to reinvestment in society's benefit and progress. Furthermore, under Section 8(4) (ii) of the Companies Act, 2013, a…
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