FEMA
Overseas Investment Rules under FEMA, 1999
The Ministry of Finance (MoF), the Government of India, and the Reserve Bank of India (RBI) have notified the Foreign Exchange Management Overseas Investment…
Compliance
Have a glance at the Due Dates for Filing the ROC Annual Return for FY 2021-22
The ROC i.e. Registrar of Companies requires all companies registered in India to file certain forms every year. Regardless of their structure, businesses in…
Miscellaneous
Service Tax in Affiliation Fee and Rent levied by Universities
Do you know, that the Hon’ble High Court, Karnataka in the case of the M/s Rajiv Gandhi University of Health Science vs. Principal Additional…
Miscellaneous
FAQs on Resolution Framework for Covid-19 Related Stress
On August 7, the RBI announced the creation of an expert committee with KV Kamath as its chairman, with the mission of recommending the…
Miscellaneous
Preparation Tips: CA (Chartered Accountant) Examinations
CA Exams are conducted by the ICAI (The Institute of Chartered Accountants of India). This exam is conducted for individuals who aspire to become…
Miscellaneous
Comparative Analysis of Competition Laws: India vs UK
Indian Competition Law is widely based on UK legislation and the European Union law seeks the solution for similar nature of issues such as…
Miscellaneous
Healthcare Reforms in India
The Healthcare sector of India reached a market value of about USD 372 billion in the year 2022. The factors that were included in…
Miscellaneous
Related Party Transactions – ‘CA 2013’ vis-à-vis ‘SEBI LODR’
The Companies Act, 2013 was enacted to encourage businesses to adopt the “Jet Set Go” philosophy, with compliance and openness being crucial. Among the various…
Company Law
An IPO-a step towards enhanced ‘Corporate Governance’
Going public is certainly a very important milestone in a company’s life. An initial public offering (IPO) happens only once in a lifetime during…
Agreement Drafting
Enforcement of an Arbitration Agreement
Arbitration is a method of Alternative Dispute Resolution in which a third party, the arbitrator, is granted the ability to make final and legally…
Miscellaneous
Insights of Online Gaming (Regulation) Bill, 2022
The recently adopted gaming Bill, which was submitted in the Lok Sabha on April 1, 2022, properly states that India has about 420 million…
Miscellaneous
EPR Registration and Compliance
Packaging is prevalent in our everyday lives, allowing for the reduction of food waste and total product breakage while providing increased convenience features at…
Latest News
Companies Act, 2013 (Amendment): Physical verification of Addresses of the registered offices of Companies
The MCA (Ministry of Corporate Affairs) has with a recent circular inserted provisions to strengthen the law that makes the process of ‘Physical address…
FEMA
Imports of Goods and Services under Indian FEMA
Importing is the process of bringing commodities into a certain country. Importation can take place by land, air, or water. The Government of India,…
Miscellaneous
All about PAN-AADHAR linking: Post 31st March 2022
Every Indian citizen receives an Aadhaar card, which is a centralized and universal identifying number. The Aadhar Card is a biometric record that maintains…
Miscellaneous
Taxation of Futures and Options
Futures & Options (F&O) traders often enter large-scale operations but the profits they make from such purchases are very small. As the volume and…
Latest News
Listed Companies need not send hard copies of annual reports till 31.12.2022
The Ministry of Corporate Affairs (MCA) has approved the holding of the Annual General Meeting (AGM) in electronic mode until 31 December 2022. This…
Compliance
Strike off of Companies – Voluntary Removal
Striking off a company name is another way to shut down a company’s operations. The Registrar of Companies (‘ROC’) may issue a notice to…
Company Law
CRUX of Section 108, 109 & 110 of Companies Act, 2013
Section 110 of the Indian Companies Act, 2013 contains the provisions of the ‘postal ballot’, Section 109 of the Indian Companies Act, 2013 contains…
Miscellaneous
Guidelines to SEBI KYC Registration Agency (KRA) Regulations, 2011
Know Your Customer, or KYC, allows banks and financial organisations to confirm the identification of their clients. As a first-time investor, you only need…
Miscellaneous
GST payable on Collection of Electricity
Power, or electrical energy, is an important source of revenue for state governments because it is under the state list of the Constitution, and…
Miscellaneous
Different aspects of Valuation for a Company to consider at the time of Issue/Transfer of Share
When planning to sell your company, it’s critical to evaluate its value before embarking on the M&A process. There are several methods for determining…
Company Law
Valuation of Unquoted Equity Shares – Rule 11UA
Rule 11UA Income Tax Act applies to the initiation of unquoted shares. As per clause (b) of Sub-Rule 2 of Rule 11UA, a…
Compliance
Purpose and Importance of XBRL
XBRL is the language of electronic communication of business and financial data that transforms business reporting around the world. It offers great benefits…
Latest News
Regulation 23 of SEBI (LODR) Regulations 2015
According to statistics, family-owned companies account for the majority of all enterprises in India, accounting for a substantial part of total employment. Unlike…
Startup/ Registration
Micro, Small, and Medium-sized Enterprises (MSME) Day 2022
To highlight the enormous contributions made by MSMEs to the accomplishment of the Sustainable Development Goals of the United Nations, the United Nations…
Income Tax
Residential Status of Individuals
The residence status of a taxpayer is significant because the income tax department treats its taxpayers differently. As a result, it is critical for…
Miscellaneous
Section 455 of Companies Act 2013-Dormant Company status
The main purpose of the revisions to the Companies Act, 1956 was to have a simplified law that would address changes taking place in…
Miscellaneous
Box Office Collection and Money Laundering in Indian Cinema
The phrase “box office” may be dated back to the early Elizabethan era. When the general people used to attend to theatres to see…
Finance Company
Understanding Different Deposits & Applicable Tax Benefits
When it comes to banks, we are all about banks and the system it provides when you visit or open a bank account. Bank…
Miscellaneous
Sukanya Samriddhi Yojana and Tax Benefits
Sukanya Samriddhi Yojana (SSY) started to provide Indian girls equality and freedom in terms of features and benefits. It offers great tax benefits as…
Latest News
Important amendments to IRAC norms for bank branch auditors-2022
Prior to 1992, banks used to recognize interest on the whole portion of loans and advances, regardless of whether each loan advanced was good…
Startup/ Registration
How to incorporate a company in Ajmer?
In India, company registration is also known as corporate incorporation. It is a legal and regulatory process to enter a company (installation means a…
GST
Procedure for an adding an additional place of business under GST
Do you want to start your business, or looking for how to add some additional place of business under GST? Then you have landed…
SEBI Registration
All you need to know about Alternative Investment Funds
An Alternative Investment Fund (AIF) is a kind of investment fund in India. Investors use it for investing and getting benefits. In AIF investors…
Miscellaneous
Online Address Update Process for Aadhaar in India
An Aadhaar card is a centralised and universal identifying number that is issued to every citizen of India. The Aadhar card is a biometric…
Compliance
Corporate Social Responsibility (CSR) in India as per Companies Act 2013
Corporate Social responsibility (hereinafter referred as ‘CSR’) is an initiative laid down mandatory for every company that falls under the provisions prescribed by Indian…
Startup/ Registration
How to start your business in Bikaner?
With the rapid change in time and fast development of technology, the world is racing towards perfection. India is a country that is very…
Miscellaneous
The Atal Pension Yojana – Eligibility, Procedure and Benefits
The Atal Pension Yojana is a pension system that aims to provide a stable income to the working poor after they retire. All bank…
Miscellaneous
How Payroll Software Improve Your Business Productivity?
Every business has to enhance its processes in order to prosper. Many are afraid to place within the time and money to do so. Even though…
Latest News
Applicability of Accounting Software with Audit Trail
To reduce the risk of fraudulent transactions or manipulation in the books of accounts, the MCA has issued a notice requiring the company to use…
Miscellaneous
Concept of Housing Loans & EMI’s Business in India
The typical payback time for a home loan is between 20 and 30 years. Owing to the difficulty of repaying your house loan and…
Startup/ Registration
Public Company in Jaipur – Overview and Incorporation Process
A Public Company is a type of company in which ownership is distributed to general public shareholders through the free sale of stock shares…
Miscellaneous
All about Registered Mortgage: Meaning, Process and Difference from Equitable Mortgage
The term mortgagee was firstly well-defined by the Transfer of Property Act, 1882. Since time immemorial it is seen that the property whether it…
Income Tax
Section 50C of the Income Tax Act, 1961
As per section 50C, the calculation of capital gain of the sale of land or building or both is held as a capital asset.…
Miscellaneous
Concept of Deductible and Co-Payment Insurance under Insurance
We’ve explored the necessity of medical insurance and its ability to sustain the financially viable in the event of an insured risk on several…
GST
How to get GST (Goods and Services Tax) Registration in Delhi?
The tax taken on most of the goods and services sold for domestic use is GST (Good and Services Tax). This tax was introduced…
Compliance
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…
Change in Business
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…
Change in Business
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…
Compliance
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…
Startup/ Registration
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…
Miscellaneous
Role of Working Capital Adjustments in Transfer Pricing
Working capital is an accounting phrase that you may not hear much about, but it could be the key to your company’s success. Working…
Miscellaneous
Doctrine of Corporate Veil and Lifting of Corporate Veil
The notion of a company’s independent legal personality is the one that serves as the foundation and a fundamental principle of corporate law in…
Compliance
Annual Return on Foreign Liabilities & Assets (FLA Return) Under FEMA
All business organizations that already gain Foreign Direct Investment (FDI) or undertaken International Capital overseas with in preceding year along with the existing year…
Compliance
Form to be filed to ROC in case of Rights Issue – Procedure and key Goals
Additional capital shares are issued through Right Issue to raise subscribed share capital of a registered company. Instead of offering shares to the general…
Miscellaneous
Grant Received by Subsidiary from its Holding – Is it a Revenue Receipt?
When a bigger firm buys at least 50% of a company’s stock, the small company becomes a subsidiary to it. When the main…
Miscellaneous
Formations of Charitable Entities in Jaipur
In India, trusts established for charitable purposes and certified by the Income Tax Department are not only exempt from paying taxes, but contributors to…
Miscellaneous
How Will ‘Russia’s Invasion of Ukraine’ Affect Taxes & Trade in India?
While the European Union, NATO, the United Kingdom, and the United States have announced stringent trade restrictions; and sanctions against Russia, our Hon’ble…
Compliance
Issue of Privately Placed Non-Convertible Debentures by Unlisted NBFCs
Funding is essential for a company to not only invest and expand but also to run its day-to-day operations. When a firm needs to…
Income Tax
All about TDS (Tax Deducted at Source) and TDS Filing, Returns & Rate
TDS was created with the goal of collecting tax directly from the source of revenue. According to this notion, a person (deductor) who is…
FEMA
Foreign Direct Investment -Current Situation on FDI Policies in India
Foreign Direct Investment (FDI) seems to have been a significant non-debt financial resource towards India’s national economy, especially in addition to being such a…
Miscellaneous
Whether Depreciation on acquired Goodwill Allowable?
Union Budget of 2021 amends the Income Tax Act of 1961 (“Act”) to prohibit depreciation on an organization’s goodwill. The Income Tax Act prohibits…
Income Tax
A Detailed Summary of Income Tax Deduction on Donation
Introduction Plenty of us have considered donating to charity and helping the community at a certain stage in life. It is admirable to contribute…
Income Tax
All about Dividend Income, Payment and Compliances
Dividend income, payment, and reporting have undergone significant changes in the previous and current fiscal years, with recipients facing increased taxation and reporting requirements.…
Miscellaneous
All you need to know about FC-GPR Filing
When a company receives foreign investment, the Reserve Bank of India (RBI) issues Form FC-GPR. As a result of such investment, the business could…
Latest News
Highlight towards The Union Budget of Fiscal year 2022-2023.
Nirmala Sitharaman” The Finance Minister of India displayed the fourth Budget of the Modi 2.0 government today (1st of February). The budget recommendations for…
Startup/ Registration
How to Start a Private Limited Company in Jaisalmer?
A private limited company in India is represented under the Ministry of corporate issues (MCA). Registering a company is simple as it is done…
Company Law
FAQs on Registering a One Person Company in India
Presented in India by the new Indian Companies Act of 2013, the One Person Company (OPC) is absolutely a welcome means for innovative or…
Miscellaneous
FAQs about Import and Export Code (IEC) in India
Is there a separate code required for Import and Export? No different Code is needed for Import and export and a similar IEC can…
Change in Business
Understanding Process of Closing a Company
Usually, we register a company with the idea of the business we wanted to do and for some reason, it does not work, we…
Startup/ Registration
A brief overview on registering a start up under DPIIT
The department for promotion of industry and internal trade was established in the year 1995 with an objective to promote and develop industrial activities.…
Miscellaneous
Important Due Dates and timelines under RERA
The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have…
Compliance
7 Ways through which NGOs can get CSR Funds for their Projects
What is CSR? Corporate Social Responsibility or CSR is a managerial theory wherein corporate houses acknowledge their social and environmental responsibilities and incorporate them…
Income Tax
Income Tax audit under section 44AB
The word significance of the expression “audit” is check, review, examination, and so on. There are different sorts of audit mentioned under various laws…
Startup/ Registration
Difference between MSME Registration and Udyog Aadhaar
MSME stands for micro small and medium enterprises which are the cornerstone for any developing country. To help and advance MSMEs, the Government of…
Company Law
Women Directors under Companies Act 2013
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 Registration/IPR
Trademark Rights and its Protection in India
Trademark is an example of intellectual property. It could be a term, gadget, phrase, logo, or any mixture obtained by any organization or corporation…
Income Tax
How to maximize your tax saving by choosing the right insurance policy for yourself & family?
The point of getting insurance is that it is a high level of certainty. Insurance is a binding agreement between the insurer and the…
Miscellaneous
Concept of Depreciation under Income Tax Act, 1961
Depreciation is a deduction used for the purpose of writing off the value of both the tangible and intangible assets used by the taxpayer…
Company Law
Provision of Charge as mentioned in Companies Act, 2013
A charge is a security given to the creditors for securing loans and debentures by creating mortgage on the assets of the company. The…
Miscellaneous
A Brief Overview on Obtaining a Wholesale Drug License
Any entity which is interested in starting a business requires an appropriate license to carry out and execute its activities. Thus, for trading or…
Compliance
XBRL Returns Applicability to ND-NSI Category of NBFCs
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…
Latest News
All you need to know about Taxation Laws (Amendment) Bill, 2021
The taxation laws are a very important part of the economic cycle of any society. These laws are for betterment of citizens as…
GST
What are the Legal Issues in GST?
GST has always been in news since its inception on 1st July 2017. The centre is doing a comprehensive study on the GST law…
Miscellaneous
MSME – Investment limits, Registration, Benefits & role on Indian Economy
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…
Compliance
Conversion of Section 8 company Into Any other Company
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,…
Miscellaneous
Concept of Residential Status under Income Tax, 1961
Residential status is a very important concept as per Income Tax Act. The very decision that what will be the income on which tax…
Company Law
Concept of Minimum & Maximum age of Directors as per Companies Act, 2013
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…
Company Law
Liabilities of Directors and KMPs Under Different Laws
In general words, liability means the responsibility of the person. In the company, there are the directors and KMPS (Key Managerial Personnel) as they…
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,…
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…
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…
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
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…