Introduction Despite being a relatively new development in the field of business, there has been a noticeable increase in the number of entrepreneurs opting…
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)…
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…
GSTR 3B is a Return that must be completed by a Regular GST Taxpayer. It includes a summary of the outward supplies made as…
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…
The goal of the Indian government is to increase the production and quality of exports from India under the “Make in India” policy. The…
The department for promotion of industry and internal trade was established in the year 1995 with an objective to promote and develop industrial activities.…
Introduction Where a company is formed and enrolled for a future task or to hold a resource or intellectual property and has no critical…
There is a saying that ‘Health is Wealth,’ which means that when a person maintains good health, everything else falls into place. Understanding the…
Design is an art which gives a visible form to the ideas of the mind or invention. Thus, an Industrial design rights are defined…
Copyright is a form of intellectual property that gives an exclusive right to the creator of literary, dramatic, musical work, computer program, artistic work,…
The board of directors is the supreme authority in charge of a company’s management and control. They have a fiduciary duty to the company…
Introduction The repayment of money spent by a person is referred to as reimbursement of expenses. This frequently occurs in business transactions when a…
Planning avoids expensive court disputes later. Regardless of how good your relationship is with your partner while entering into a partnership, you should take into account…
The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have…
Under the RERA Act, promoters must to register their real estate project to sell, advertise, market, book or buy. The promoters must apply to…
What is CSR? Corporate Social Responsibility or CSR is a managerial theory wherein corporate houses acknowledge their social and environmental responsibilities and incorporate them…
The term notice is derived from Latin word “notitia” which means “a being known” or a knowing is wide enough in legal circle…
The word significance of the expression “audit” is check, review, examination, and so on. There are different sorts of audit mentioned under various laws…
MSME stands for micro small and medium enterprises which are the cornerstone for any developing country. To help and advance MSMEs, the Government of…
The establishment of Companies Act, 2013 permitted India to have an advanced enactment for development and regulation of corporate area in India. The demonstration…
Trademark is an example of intellectual property. It could be a term, gadget, phrase, logo, or any mixture obtained by any organization or corporation…
Agriculture is supposed to be India’s principal employment. It is sometimes the only source of income for India’s massive rural population. The country as…
GST (Goods and Service Tax) is a tax regime that is encouraged by the Government to promote an integrated business based in India. It…
On account of its flexibility, compliance, tax, and performance, LLP can be useful for small and medium-sized businesses, in general. Internationally, LLPs are the…
There are two very new concepts in the changing scenario of corporate law in India. The first is OPC which stands for One…
The World Bank publishes an index called the “Ease of Doing Business”. It is an aggregation of several characteristics that characterise the ease…
The Real Estate (Regulation and Development) Act, 2016, was enacted to help homebuyers in protection of their rights and interests from the malpractices of…
According to Section 2(h) of Indian Contracts Act, 1872 “an agreement enforceable by law is a contact” resultantly an agreement which creates legal obligation…
The point of getting insurance is that it is a high level of certainty. Insurance is a binding agreement between the insurer and the…
Depreciation is a deduction used for the purpose of writing off the value of both the tangible and intangible assets used by the taxpayer…
Table of contents: Introduction Eligibility Process for acquiring an FSSAI license Documents required for FSSAI registration Fee for FSSAI license Benefits of acquiring FSSAI…
This article helps to understand all about 80g and 12ab. The terms and conditions, benefits, the procedure of registering, and amendments under 80g and…
Cash transactions have always played a major role and serve as a constant source of black revenue collection. The government has recently introduced a…
A Non-Resident External (NRE) account is a bank account for NRIs which are INR-dominated to transfer their foreign currency to India. Foreign exchange earnings…
A charge is a security given to the creditors for securing loans and debentures by creating mortgage on the assets of the company. The…
A sale deed is a legal instrument detailing a property sale between the parties. It is proof of ownership. Once the execution of the…
Introduction Business risk refers to a company’s or organization’s susceptibility to circumstances that might lower its profitability or lead it to fail. Business risk…
A “Limited Liability Company (LLP)” is a contemporary type of a limited liability legal entity. It is a unique corporate structure offering the benefits…
The employees of the company are the important element for the successful operation of the company. The companies can give appreciation to the employee…
A sale deed is a legal document depicting the transfer of title, rights and ownership of the immovable property from the seller to the…
Any entity which is interested in starting a business requires an appropriate license to carry out and execute its activities. Thus, for trading or…
Trademark is a mark that includes a device, name, symbol, words or any representation that represents the brand value of the company. Registration…
Financial markets heavily depend upon the investors. Investors, investing their excess resources, determine the market trends and the level of activity in the economy.…
Ministry of Corporate Affairs (MCA) regulates companies as well as LLPs in India. Both these entities should do e-filing as per requirements given by…
The main authority that controls the operations of a company is the team of directors. This team of directors is commonly known as Board…
The concept of “small company” has been first introduced by the Companies Act, 2013. The small company defines on the basics of the Capital…
The Financial Statement is the important document of the company which is required to be prepare in every financial year and audited by the…
A company is an artificial person which gets acted and represented by the appointed members to act upon on behalf of the company. According…
A seafarer – is any traveler via seas, classifying their work based on the rank or type of job as merchant navy, navy worker…
Non-Banking Financial Company is a financial institution having activities that are similar to bank and provides banking services without requiring holding a banking license.…
It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before…
The name of the company is an identity it is recognised with. The Companies Act, 2013 allows the companies to change their name in…
Section 2(84) indicates ownership of an individual towards the company whose shares was purchased. By owning shares from a company one becomes an investor…
The MCA (Ministry of Corporate Affairs) has amended LLP Rules by introducing form 24 which paves way to easily dissolve the LLP by making…
Indian culture always gives equal importance to benevolence as well as socializing. Both these concepts are deeply rooted in our households. Our topic of…
All the commercial banks, financial institutions, authorised foreign exchange dealers and non-banking financial institutions are required to file returns. These return formats are controlled…
MCA or the Ministry of Corporate Affairs deals with the Companies Act 1956, Limited Liability Partnership Act 2008, and other regulations and acts associated…
The taxation laws are a very important part of the economic cycle of any society. These laws are for betterment of citizens as…
GST has always been in news since its inception on 1st July 2017. The centre is doing a comprehensive study on the GST law…
The registered office of a company is computed as a place where all the official connections concerning the company are sent. Other than the…
The meaning of term differential voting rights is the difference between voting rights of two classes of shareholders. Now, this difference can either give…
TDS under Section 194Q of the Income Tax Act,1961 was introduced in Union Budget 2021 which is effective from 1st July 2021. Businesses are…
The jewellery industry is one of the most promising industries. Indians buy jewellery on several occasions. Sometimes people buy jewellery for investment and sell…
Income Tax Returns are filed by all the persons as per legal provisions. To file the returns, Income Tax Department has set due dates.…
Before the Central Goods and Services Tax (Sixth Amendment) Rules, 2021came into existence, every registered person having turnover exceeding Rs. 2 Crores had to…
The Companies Act,2013 has introduced the concept of KMP (Key Managerial Personnel). This concept is basically for bringing all the heads into one main…
In recent past we have shifted from money in the wallet to money in the digital wallet. Demonetization lead this drive of digital wallet…
GST stands for Goods and Service Tax. GST gives the benefit of availing seamless credit in business transactions. However, to avail this seamless…
Promoters of a company decide the capital investments at the incorporation stage. As the business grows, the company expands its operation. Sometimes the capital…
In 2009, the government enforced Limited Liability Partnership Act, 2008 for the formation of limited liability partnerships in India. The Limited Liability Partnership is…
Indian marriages see a huge influx of gifts. The newlyweds are given gifts from their immediate families and friends. A common question arising in…
The backbone of the economy lies with the Micro, Small and Medium Enterprises known as MSME in short. Currently, there are nearly 6.3 crore…
Today’s population, especially those living in big cities have evolved from living in big houses to apartments/villas etc. These days the working professionals do…
It is said that shareholders are owners of the company. However, in reality it is the Board of Directors who exercise great control. Board…
The concept of non-profit organizations came in the early 19th century. In India, non-profit organizations are covered under section 8 of the Companies Act,…
GST i.e. Goods and Service Tax is an indirect tax i.e. collected from customers and paid to the government. The Act also provide all…
The full form of TDS is Tax Deducted at Source. It is the amount that is deducted as a tax from the money paid…
In Companies, major decisions are taken by the board of directors. These decisions are in the form of resolution. A resolution is an agreement…
Savings is something that our Indian households thrive on. To inculcate that habit further there are many institutions like banks, finance companies. There are…
Any operating business needs funds for expansion as well as smooth running of the business. Now the business can choose to opt for borrowed…
The director’s report is a mandatory financial document attached to the balance sheet before the annual general meeting(AGM) filed at the end of every…
The Companies Act, 2013 defines a company as a company incorporated in India to carry different types of businesses. Companies are formed under Companies…
The due date for filing Income Tax Return is approaching. There are lots of things that cross your mind when you sit with your…
Companies Act, 2013 was introduced to replace the old Companies Act, 1956. The new Act brought along many changes as compared to the erstwhile…
Table of Contents Why is linking of Aadhaar and PAN important? Consequences of not linking Aadhaar and PAN How to link Aadhaar and PAN…
Table of Contents Tax Benefits on Home Loan (FY 2021-22) New Updates (Union Budget 2021-2022) Deduction available on Interest Portion on Home Loan Deductions…
Company is a separate legal entity in the eyes of law, an entity apart from its directors and shareholders. Name is the first and…
The real estate industry was highly unorganized and unregulated with around 10 lakh brokers in India. To cater to this issue government introduced RERA.…
Residential status is a very important concept as per Income Tax Act. The very decision that what will be the income on which tax…
Government has been announcing and providing many reliefs to the new as well as existing entrepreneurs in many ways. Be it cheaper and easy…
The MCA has issued The IEPF Authority (Accounting, Audit, Transfer, and Refund) Amendment Rules, 2021 on June 9th, 2021 for amendment of the Investor…
Section 196 of the Companies Act, 2013 contains provisions about Appointment of Whole Time Director/Managing Director or Manager in a company. The section contains…
Cryptocurrency is a digital currency that is used to buy goods and services. These are types of currency are generally issued by various companies…
Director Identification Number (DIN) was introduced in 2006 under section 266A- 266G of the Companies (Amendment) Act, 2006. Under this, all the directors have…
At the end of every financial year, companies in India have to file an annual return. There are numerous amendments related to the filing…
In general words, liability means the responsibility of the person. In the company, there are the directors and KMPS (Key Managerial Personnel) as they…
NBFC is the financial institution that is registered under The Companies Act,2013 and regulated by RBI Act,1934. Before commencement of these financial activities business…
A relatively new concept of One Person Company (OPC) was introduced by the Companies Act, 2013 for people with dreams of entrepreneurship. The introduction…
These days it has become a trend of being social and maintaining one’s identity on the digital platform. One of the social media example…
