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In 2016, the Prime Minister of India Shri Narendra Modi proclaimed the Startup India campaign to foster entrepreneurship in our country. The Start-up India action plan focused on boosting bank financing for startups, streamlining the incorporation of the startup process, and grant of various tax exemptions and other benefits to…

Today, a large number of companies have begun to obtain trademark registration. Applying for a trademark before the completion of the registration process involves a risk as the trademark application may be rejected at any time. If your application is rejected your company name will be compromised. All your energy,…

Introduction Despite being a relatively new development in the field of business, there has been a noticeable increase in the number of entrepreneurs opting for Limited Liability Partnerships (LLPs) in recent years. There are numerous reasons for this trend, including the low cost of formation, fewer restrictions and compliance, and,…

Any business whose aggregate turnover exceeds INR 40 lakh (excluding Northern East area and Hill state which requires INR 10 lakh as year’s turnover) is mandate to be registered under GST by the concerned taxable person. Such taxable person becomes a mandate taxpayer registered under GST. The payments on collected…

Table of Contents Introduction Enhanced independence criteria for Independent Directors Timeline for obtaining Shareholder Approval for Each Director's Appointment, including IDs Additional Information requirement in terms of Regulation 36(3) during Appointment and Resignation Composition of Nomination and Remuneration Committee Approval of RPTs only by IDs of Audit Committee Conclusion Introduction…

GSTR 3B is a Return that must be completed by a Regular GST Taxpayer. It includes a summary of the outward supplies made as well as the details of the Input Tax Credit. Normally, the due date for filling out GSTR 3B is the 20th of the following month, but…

The Ministry of Corporate Affairs (MCA) is the government's portal that contains the list and details about the Indian incorporated companies. The portal maintains detail of all types of companies including Limited Liability Partnerships (LLPs). On the portal, you can check a company’s registration number, date of incorporation, directors, type…

The goal of the Indian government is to increase the production and quality of exports from India under the "Make in India" policy. The Indian government also provides many incentives to the exporters. Export incentives are certain benefits that exporters receive from the government such as import duty and compensation…

The department for promotion of industry and internal trade was established in the year 1995 with an objective to promote and develop industrial activities. In 2018, DPIIT was assigned to deal with the matter relating to e-commerce, internal trade, welfare of the traders and their employees and start ups. Notwithstanding…

Introduction Where a company is formed and enrolled for a future task or to hold a resource or intellectual property and has no critical financial transaction, such company or an inactive company might make an application to the Registrar for acquiring a status of the Dormant Company. In this blog,…