Company Law
All you need to know about the Difference between MoA and AoA
A company in India is governed by two company charters known as Memorandum of Association and Articles of Association. Every entrepreneur wanting to start…
Hallmark Registration
How to apply for Hallmark Registration?
In India, jewelry has a very different value and sentiment for people. Jewelry adds glory and enhances one’s beauty as it has jewels and…
Company Law
All About different types of Share Capital- A Complete Analysis
Share capital is liable for the running of a business and functioning smoothly. Its vital role in the structure of a limited company and…
FSSAI License/Registration
A Brief Overview of FSSAI Registration for Retailers
The FSSAI (Food Safety and Standard Authority of India) is the supreme authority responsible for the safety and hygiene of food articles. This authority…
Latest News
All you need to know about Form MGT-7A
Ministry of Corporate Affairs on 5th March 2021 amend Companies (Management and Administration) Rules, 2014, and issued Companies (Management and Administration) Amendment Rules,…
Start and manage a business
How to Surrender Trademark Registration?
Trademark is a special symbol, design, mark, or any name which is used by any proprietor or company. A person or entity can use…
Section 8 Company
What are the Rules and Regulations under Section 8 Company Registration?
Company registration is the process in which an entity gets registration to become a separate legal entity. Company registration is not only done by…
Income Tax
Residential Status of People unable to leave India due to COVID-19
COVID-19 has affected the lives of people very badly from almost past 1.5 years now. To contain the spread of novel coronavirus, The Government…
Compliance
How to inform MCA/ROC in case of death of a partner in LLP?
LLP or limited liability partnership is a type of partnership firm which have features like a company. It is just like a partnership firm…
Compliance
Consequences of Not Filing a Declaration for Commencement of Business in e-Form INC-20A
Form INC-20A is a declaration form that is to be filed by the directors of the company at the time of commencement of business.…
Start and manage a business
Company registration for Online Sellers in India
E-commerce Industry or online selling is the new market in India. Ecommerce businesses in India grow at a rate of 40% per annum, with…
Start and manage a business
How can small businesses beat the competition/COVID situation in 2021?
Competition is the key essence of market. Every business needs to compete with its rivals and to succeed one needs to keep a step…
Latest News
MCA recently introduced new form AGILE-PRO-S
The Ministry of Corporate affairs vide The Company (Incorporation) Fourth Amendment Rules, 2021 has introduced new E-form AGILE-PRO-S. This form is required to file…
FSSAI License/Registration
How to transfer a Food License in India?
FSSAI stands for Food Standards and Safety Authority of India. It is an autonomous body responsible for food safety and promoting and protecting public…
Compliance
What is Legal Compliance Reporting? Read on to find out
The word Compliance means to comply with the prescribed rules, regulations, laws and standards that are applicable to a Company or businesses. Confirming to…
Income Tax
All you need to know about the Section 206AA of the Income Tax Act
Few specified payments under the provision of the Income Tax Act are required to deduct tax at source. However, TDS provisions bound every payer…
Income Tax
What to do if you forgot to file your Income Tax Return?
An income tax return is a summarized record that contains information about your earnings for a fiscal year. You are required to pay your…
Annual Compliance
What is DIR-3 KYC: Documents Requirement, Form Filing and Due date
KYC stands for “Know your customer”. It is a process initiated by all banks, financial institutions and other departments to know their client’s identity…
Drug License
How to open a Medical Store in India?
Healthcare sector in India is growing remarkably due to increase in hospitals especially multi-specialty hospitals as the diseases are increasing at a fast pace…
Trademark Registration/IPR
How can you apply for Brand name in India?
How many cups of coffee and scribbles on a paper did it take for you to zero-in to design your logo? A dozen, right?…
Start and manage a business
How to Register Barcode in India: Step-by-Step Process
Before we proceed on to know how to register barcode in India, let me ask you a question- Why do you need barcode registration?…
Change in Business
Surrender of DIN – Reasons and Procedure
Director Identification Number (DIN) can be surrendered due to different reasons, and the DIN can also be surrendered voluntarily for the purposes of cancellation…
Income Tax
Section 195 of Income Tax Act, applicability of TDS provisions on payments made to Non-Residents
As per the Income Tax Act, 1961, any receipts generated through business transactions with NRIs come under the purview Income Tax Act and are…
Trademark Registration/IPR
Trademark registration for Partnership Firm
Trademark is a unique sign or symbol such as word, numerals, picture, design, logo, shape, etc. used by business organizations to differentiate their products…
SEBI Registration
How to set up A Mutual Fund Business in India?
A mutual fund is a way of doing business through Company by way of pooling of resources in form of money from various individuals,…
Trademark Registration/IPR
How to go for Trademark Registration of LLP?
Limited Liability Partnership (LLP) is way of doing business which has basic structure of partnership but it is considered as Body Corporate. Because of…
Income Tax
All you need to know about TDS Return Filing
Income Tax Department has facilitated an effective system of collection of taxes under which any person who is responsible for making payment of income…
Latest News
COVID Impact: MCA allows Board of Directors to approve Board’s Report, Financial Statements etc. through Video Conferencing
Given the situation of ‘new normal’ ushered in by the pandemic, the functioning of the corporates has drastically changed. The adherence to the laws…
GST
GST Compliance in case of closure of business due to death of Sole proprietor
A Sole Proprietorship is a form of business organization where a business is managed by a single person. Usually, it does not require any…
Miscellaneous
Importance of Financial Planning in a Business
Table of Content What is financial planning? What are the Objectives of financial planning? Why financial planning is important in a business? Process of…
GST
Key Summary of Composition Scheme under the GST Act
The Goods and Services Tax is an indirect form of taxation that has dramatically simplified Indian taxation laws. GSTR4 serves as the GST return…
Company Law
MCA adds 22 more Forms in List of Forms providing Waiver of Additional Fee
On May 03, 2021, Ministry of Corporate Affairs published a General Circular No. 06/2021 relaxing the time and additional fees to be payable by any Company or…
Startup/ Registration
Process of filing a Complaint against Project under RERA in India
Every Indian at some point in his/her life has thought ‘Apna ghar hona chaiye.’ Bearing this in mind, buying an apna ghar is not…
Agreement Drafting
Important things to be considered before drafting a Service Outsourcing Contract
To contract out everything to a third party like from Housekeeping to Internet Security is coined as ‘Outsourcing’. Outsourcing various activities let companies concentrate…
Agreement Drafting
How to draft a Franchisee Agreement?
A Franchise agreement is a legally binding document that governs Franchisor and Franchisee and defines all rules and regulations related to franchise. There is…
Startup/ Registration
How can you apply for Trade License in India?
Now a days Trade License has become a very crucial document for an individual or a person who wants to commence or set up…
GST
Government announces GST Amnesty Scheme for Tax Payers: Key Highlights and Benefits
The 43rd GST council meeting was held on 28th May 2021. The council has announced GST Amnesty Scheme 2021 and provide big relief by…
Income Tax
Things You Need to Know Before Filing ITR 5 Form
Income tax return is a crucial statement of income of the concerned assessee, both for government and the individual or person filing it as…
Company Law
Is Directorship under Private Limited Company a status or responsibility?
Table of contents: Introduction Requirement to become a director Types of Director in a company What are the provisions of appointment and cessation of…
Income Tax
Taxation of Dividends in the hands of Individuals and shareholders
Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and…
Income Tax
Tax Audit Under Section 44AB
You might have heard the word “Audit” so many times, well let us dive into this, what is “Audit”, if you go by oxford…
Startup/ Registration
SOP for revocation of cancelled registration under Section 30 of GST Act in Rajasthan
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…
Company Law
Complete Information of holding Annual General Meeting as Per Companies Act 2013
Annual General Meeting, commonly known as AGM, is a mandatory yearly compliance requirement that every company needs to follow. In the case, any company…
GST
Understanding GST on Food Services & Restaurant Business in India
As we all know that businesses are still attempting to grasp the changes needed in their current systems due to day to day changes…
NGO
Complete Overview of Trust Registration in Jaipur
Trust implies the transfer of a property (cash, shares or valuable asset) from the owner to another person. There are two types of trusts…
Income Tax
Deductions available under Section 80D of the Income Tax Act for Medical Bills of Senior Citizen Parents
In the current Pandemic situation, taking medical insurance has become extremely important. Due to current COVID-19 situation, medical expenditures to cure diseases is now…
NGO
Non-Compliance of these requirements by NGO’s should not be ignored
Table of content · CSR Fund for CSR funding· Re-registering Under Form 10-A· Amendments to section 80 G· Fresh Registration under section 12AB· Inference Donations play a vital role…
Company Law
How Can you Start a Canteen Business in India?
If you are planning to set up your canteen business, then you are at the right spot. Here in this article, we will be…
Miscellaneous
All you need to know about Tax Saving Tips for Private Limited Company
In this article, we will be focusing on many points which is helpful for saving tax if we own a private limited company. This…
Miscellaneous
Application of Income tax rules on e-wallets or UPI transaction
Following the 2016 demonetization, obtaining cash seemed a daunting task. During a time like that, more and more individuals started switching to cashless payments.…
Miscellaneous
Buy-Back Of Shares Under Companies Act 2013
Introduction As per section 68 of the Companies Act 2013, Buy-Back of shares is a process by which the company purchase it’s shares from…
Miscellaneous
How to issue Non-Convertible Preference Shares as per Companies Act, 2013
Introduction As per Companies Act 2013 any class of shares that carry a preferential right with respect to payment of dividend and repayment or…
GST
E way Bill Rules & Generation Process
An e-way bill is an electronic medium to generate way bill for the movement of goods. It has to be generated on the e-way…
Income Tax
Process of Income Tax Refund in India
We often come across the term ‘tax refund’. Let’s understand what it means. A tax refund or tax rebate is a refund provided when…
Income Tax
Deductions of Section 80 under Chapter VIA of Income Tax Act
Income tax department have provided various deductions with a view to encourage savings and investments amongst the taxpayers from the taxable income under chapter…
Company Law
What are the LLP Annual Filing Due Dates which you should be aware of?
For a Limited Liability Partnership (LLP), the returns should be filed periodically for maintaining compliance and escape heavy penalty under the law for non-compliance.…
Company Law
New Remuneration Regime for Independent Directors and Non-Executive Directors
Till now, there was no provision in the Companies Act, 2013 that allowed a remuneration for the non-executive director if the company was in…
Startup/ Registration
How to File FSSAI Annual Return in India?
Food plays an essential role in our lives. It gives us the required energy and nutrients that facilitate healthy development and helps one to…
Income Tax
How much tax does a Private Limited Company pay in India?
A business organization held by a small group of people is known as a Private Limited Company. It’s owned by a group of members…
Company Law
Declaration and Payment of Dividend Under Companies Act 2013
Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and…
Company Law
Step by step process for the Name Change of Company as per Companies Act, 2013
Change is common, and things keep changing all the time. So do you think about sticking to the same business name is a wise…
Startup/ Registration
All you need to know about Provident fund for International Workers
Provident Fund is a retirement benefits scheme for employees which is compulsory and managed by Government. Employees contribute every month a part of his/her…
Miscellaneous
Employee Pension Scheme for International Workers
With the advent of globalization of Indian economy and growth of the international business the campaign of workers thereon, the world has also been…
NGO
Registration of NGOs for CSR Funding – File Form CSR-1 with MCA
In pursuit of Corporate Governance, Corporate excellence and better compliance with Provisions of the Companies Act, 2013 and rules made there under from time…
Startup/ Registration
How is Venture Capitalist Different from Angel Investors? Read on to find out
To settle on the correct choice for funding your start-ups, you should know the difference between venture capitalists and angel investors, and what each…
NGO
Detailed Process of 80G and 12AA Registration for NGO
A Non-Governmental Organization (NGO) is a non-profit group that gathering freely of any Government. NGOs, infrequently called civil societies, are organized on body, national…
Startup/ Registration
Legal Compliances for Start-Ups in India
Successful startups are ones that are driven by passionate entrepreneurs who are focused on building unique solutions that deliver customer delight. While it is…
Foreign Taxation
Series on foreign Investment in India
Foreign Investment means investment by the Company or individual of one nation in the assets or ownership of a corporate of the another nation.…
Foreign Taxation
Understanding the Income Tax Rules for NRI (Non-Resident Indians) in India
Taxes collected from the citizens are the foundation of the Indian economy. Without any collection of tax, the economy of any country cannot sustain…
Company Law
Procedure for Shares issue through Right Issue
To raise subscribed share capital of a registered Company, additional capital shares are issued through Right Issue. However, instead of issuing shares to the public…
Company Law
All you need to know about Employee Stock Option Plan (ESOP)
At a growing stage of the Companies, Employee Stock Option Plan (ESOP) plays a vital role to attract and preserve valued employees for long…
Agreement Drafting
Drafting and Importance of Business Transfer Agreement in India
For any merger and an acquisition, it is important to note that such a transfer requires how such a transfer is acquired along with…
Company Law
How to file Trademark Objection Reply in India?
We Indian people don’t like any kind of objection in our life and this is the matter of trademark objection. Then, how can we…
Agreement Drafting
How can a company take Loan from directors and relatives and shareholders? Read to find out
There are several ways by which a company can raise long-term capital, e.g. issue of equity shares, preference shares, debentures or accept money by…
Company Law
Procedure for Issue of Shares on Preferential Basis Under Companies Act
According to the Companies Amendment Act 2017, a Company can raise funds or Capital mainly in three ways: (1) Private Placement/ Preferential Allotment (2)…
Startup/ Registration
How to Open a IT Startup in India? Read to find out
India has seen an upsurge in the coming of IT startup companies. With the tech-movement throughout the globe, we see more and more IT…
NGO
Detailed Analysis on Funding of NGO’s through CSR
There are lakhs of NGO which are working in India for the welfare of Society. During COVID Pandemic also NGO’s has played a vital…
Startup/ Registration
How to register a Trade Union in India?
India saw the growth of industrialisation and capitalism during the initial years of the 20th Century. With the number of workers increasing with each passing…
Income Tax
A Complete Guide on How to Save Income Tax
Have you ever dreamt of isolating your income from probable taxes? We bet you did, maybe countless times. But let face it- this is…
Company Law
Dematerialisation of securities under Companies Act 2013
Under Indian law, shares of an unlisted company may be held either in physical form (i.e., denoted by letters of allotment/share certificates issued against…
Company Law
Appointment of Directors from backend due to disqualification of all directors
A company has no physical existence, it is merely a legal entity. It can only act through natural persons. The person acting on the…
Company Law
Guidelines on FDI in Information Technology Sector in India
India is the world’s largest sourcing destination for the Information Technology (IT) industry, accounting for approximately 67 per cent of the USD 124-130 billion…
Company Law
Complete Guide on Foreign Direct Investment in an LLP (Limited Liability Partnership)
In a big benefit move, the Reserve Bank of India (RBI) has allowed foreign direct investment in limited liability partnerships. The LLP Act 2008 allowed foreign…
NGO
How to Apply for an NGO Darpan Registration in India?
This article iterates the NGO Darpan Registration Process. In India poverty percentage is about 6.5%. The computation of this figure is based on 2019,…
Company Law
Detailed Guide on Filing of Form FC-TRS in India
FCTRS Filing under FEMA or the Foreign Exchange Management Act was passed in the parliament of India in the year 1999. Under this act,…
Company Law
Foreign Investment Reporting under RBI Single Master Form (SMF)
Foreign investment in India is required for the development of the economy and improvement of the gross domestic product. However, when receiving foreign investment,…
Startup/ Registration
How to Select Business Structure for Starting a New Business?
One has to follow a long to-do list to set up a new business entity. As you gain control over the business part, we…
Company Law
A Complete Guide on OPC Compliance Requirements and Checklist
One Person Company, shortly known as OPC, is a kind of company established under the Companies Act, 2013 for the purpose of enabling a…
Company Law
All you need to know about FCGPR Filing under FEMA
When a company receives foreign direct investment (FDI) through capital Investment, the Company allots shares to the foreign investor for this, and there is…
Company Law
Detailed Analysis of Companies (CSR Policy) Amendment Rules 2021 notified by MCA
The Ministry of Corporate Affairs recently announced the new Corporate Social Responsibility Rules, which will be called Companies (Corporate Social Responsibility Policy) Amendment Rules,…
Income Tax
Understanding the Section-194O – TDS on payments made to E-commerce participants
The Finance Act, 2020 has established a new Section 194-O that elaborates on levying 1% Tax Deducted at Source on Payments made to E-Commerce operators that…
GST
All you need to know about Major Changes under GST in Union Budget 2021
Finance Minister Nirmala Sitharaman, in Budget 2021, announced multiple changes to the goods and services tax framework aimed at helping small and medium businesses…
Income Tax
Budget Highlights – Income Tax Financial Highlights 2021
Budget Highlights – Income Tax Financial Highlights 2021 The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February…
Startup/ Registration
An Outlook on issue of sweat equity shares by the Startups
The Government of India initiated the Startup India Scheme under the leadership of PM Narendra Modi. The Startup India Registration Process was introduced to…
Startup/ Registration
Guidelines on laws and regulations for E-Commerce Sector
With the advancement of smart phones and internet users around the world, e-commerce business is booming and sky rocketing at an unimaginable pace. Your…
Startup/ Registration
How to start an educational institution/school in India?
Over the years, the government has taken various initiatives to make educational institutions accessible to the society at large in a bid to ensure…
Startup/ Registration
Recognition and benefits for Startups including Tax benefits
A startup is a newly business setup that is small in nature and initiated by single or a group of individuals. What makes the…
FEMA
Overview of FDI policy for the E-Commerce sector
The Government of India (GOI) has brought about rules related to the FDI policy for E-Commerce Sector. This policy has been influenced by various…
Startup/ Registration
Key Licenses required to Start a Retail Business in India
The term “Retail Business” denotes the purchase of finished goods from the producers or manufacturers and selling them further to customers. Further, India ranks…