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MSME stands for Micro, Small and Medium Enterprises. MSME has an important role in the growth of Indian economy as Indian economy is majorly dependent on agriculture and small businesses. MSME is the backbone of the Indian economy, hence it is extremely endorsed by the government. For MSME Registration, the…

A Society is an association of individuals who work together for non-profit purpose for the welfare of the general public at large. The primary motive of a Society is to promote the advancement of charitable activities, art, science, literature, sports, education etc. On the other hand, a society is also…

There is one question which always crept in mind of the business owner whether the company can give loan to its director. Is there any penalty involved? We will get the answer to this question in Section 185 of the Companies Act, 2013 which is one of the most important…

A Trademark is an intellectual property, the same as a physical property like land. Just like an owner of land has the right to sell or transfer his/her property, in the same way, the owner of a trademark also has the right to do the same to his/her trademark. Every…

In a large state like Rajasthan, stepping into the Pharmaceutical industry seems quite challenging that already has multiple numbers of drug stores. In fact, if we talk about Rajasthan, the market of Retail Pharmacy has grown tremendously over the last few years. The increasing deterioration in the health of the…

A Start up is a small newly incorporated business which is started by one or a group of different individuals. A Start up generally try to offer a range of new products or service which is not provided anywhere else in the same way by any other new ventures or…

A Limited Liability Partnership (LLP) is created as per the law, hence, it must regulate its day to day affairs according to the LLP Agreement, LLP Act, and the rules and regulations which are framed thereunder. In addition to the LLP Act, LLP is also subject to laws that apply…

A person engaged in business or profession is required to maintain regular books of account under certain circumstances. To give relief to small taxpayers from this tedious work, the Income-tax Act has framed the presumptive taxation scheme under sections 44AD, sections 44ADA, sections 44AE., Section 44BB and Section 44BBB A…

Returns under GST have undergone a lot of turmoil. GST era started with a big bang of compliance based law and complete transparency system. However one of the biggest challenges of GST implementation was filing of returns online. Earlier there were a lot of apprehensions from the industry too in…

Every business entity has a principal place of performing its business activities which is known as its Registered Office. From the point of view of general public, customers, shareholders and others, the address of the situation of the registered office is very important. In India, every company is governed as…