Section 204(1) of the companies Act, 2013 read with Rule 9 of the companies (Appointment and remuneration of managerial personnel) Rules, 2014. Secretarial audit is an audit to check compliance of various legislation including the companies Act and other laws relevant for company. It helps company to build their corporateRead More →

The Citizenship (Amendment) Bill, 2019 and The Muslim Women (Protection of Rights on Marriage) Bill, 2018, two Bills which have generated much heat inside and outside Parliament and have cleared Lok Sabha, will lapse if Rajya Sabha does not pass them Wednesday, the last day of the Budget session. TheRead More →

Purchasing gold jewelry in India is the most common thing for all class of people. In contrast with, do you know if your jewelry is not hallmarked then the amount you invested in precious metal is not worth? Here, comes the importance of BIS hallmark. Let us understand what isRead More →

Ghost writing is a really serious business. Not everyone can do make it out. Only professionals with years of experience in writing and publishing can be an ultimate ghostwriters. So, Who are Ghostwriters? Ghost writers are the writers who are hired by an author to write on their behalf inRead More →

INTRODUCTION All the restaurants and street food vendors need approval from the Food Safety and Standard Authority (FSSAI) to do their business. It does not matter how much they earn in a year, it is mandatory to have this license before starting any food business. Operatives in the food businessRead More →

INTRODUCTION ESI registration is the need of every company in this era. Employee State Insurance (ESI) registration is commanded by the Employee State Insurance Corporation which is a self-governing body created by the law under the Ministry of Labour and Employment, Government of India. The scheme of ESI is startedRead More →

INTRODUCTION Section 8 of the Companies Act 2013 provisions for the formation of companies with charitable purposes. Section 8 Company, (initial Section 25 Company of the Companies Act, 1956), is a legal entity for Non-Government or Non-Profit Organizations. WHAT IS A SECTION 8 COMPANY: In India, Section 8 Company isRead More →

According to the Foreign Contribution Regulation Act, A NGO (Non-profit organization) company /corporation must explore the acceptance from Government of India, Ministry of Home Affairs before accepting any funds from foreign authority. The process of registering an organization with FCRA is described here. Generally, it is an easy and simpleRead More →

Are you a NGO, Trust or Society who wants online donation capability in India? Here is the detailed guide on how to accept donations online and what are the required documents for accepting donations as per the regulatory authority. List of documents required to accept donations offline and online: TrustRead More →

There are a number of situations under which GST registration is mandatory. A businessman must have complete knowledge of the rules and regulations of goods and services tax. As per the GST rules, a person whose turnover exceeds Rs. 20 Lakhs (10 Lakhs in special category states) need to take registration underRead More →

Choosing an unique company name is the foremost step in procedure for company registration in MCA. The company name is very important as it serves as identity of business and is used in business marketing. Applicants must choose right business name that is catchy and doesn’t infringe any existing companyRead More →

Bureau of Indian Standards id a leading certification authority in India for assurance of quality, safety and credibility of products among consumers. BIS come under Ministry of Consumer Affairs, Food and Public Distribution, GOI. It was established on 23rd December 1986 under BIS Act, 1986. BIS is a corporate bodyRead More →

ISO is an international quality management standardization for products, services, information and quality. This QMS certification is issued by International Organization for Standardization after testing and verifying the products and services through qualified processes. An entrepreneur must understand that ISO Certification is not a business license or permit for operationsRead More →

The government has introduced a amendment bill for changes in Companies Act, 2018 to improve the ease of doing business and ensure better company compliance management and it will replace the Companies Act, 2018. The amendments will help reduce the burden on special courts and bring down applicable penalties forRead More →

Finance minister Arun Jaitley has hinted that India could go for a single standard GST rate going into the future.  “A future road map could well be to work towards a single standard rate instead of two standard rates of 12% and 18%. It could be a rate at someRead More →

The government has identified over 2.25 lakh companies including 7,191 LLPs which are under radar of MCA and have not filed required annual return filing for financial years 2015-16 and 2016-17 and 2017-18. MCA has already struck off over 2.26 lakh companies in last 2 years or more for sameRead More →

LLP registration requires various compliance as specified by MCA in LLP Act. Here are some requirements for LLP registration. Minimum one partner in LLP is required be a resident Indian. Indian Resident means any individual who has stayed in India for more than 182 days. All foreign investment must beRead More →

India is going through a major economic change in past years which has seen large number of start-ups growing at a massive rate year after year. Surprisingly India has the third largest number of start-ups in the world. But you will be surprised to know that India also has theRead More →

An entrepreneur must have the knowledge on basic legal aspects of a  business before going for incorporation procedure. A business entity is governed by multiple business laws such as Company Act, shop and establishment registration, GST and tax registration, ESI EPF registration. You need to identify the law under whichRead More →

It is very easy to incorporate a business and start operations but it is very difficult to maintain a smooth path for business. Everyday thousands of startups are born and at same time; hundreds of startups are closed. Only innovation and ideas can’t draw good fate to a business. ThereRead More →

MCA has sent notice to over 2000 startups to explain the justification for high premiums on shares. It was done due to the last amendment by the central government. The clarification, issued as a tweet from Startup India handle, said that certain GNL-2 forms filed with private placement offer letters were marked forRead More →

Government officials have detected tax evasion of 12,000 crores in 8 months till November. But they also quoted that only 5-10 per cent assesses have evaded taxes. CBDT and CBIC said that e way of billing has reduced the GST evasion. Joseph, who looks after the investigation in the CBIC,Read More →

Ministry of corporate affairs has set up a panel to probe into 3 dozen companies which have taken deposits from public amounting thousands of crores but have failed to repay them. The list of comapnies include following companies Pratibha Industries Valecha Engineering Yash Birla Group          Read More →

Income Tax Returns have seen a jump of over 50 percent majorly in states UP, Bihar, Madhya Pradesh. In these three states IT return filing have seen a massive growth of 70%. In a term of April to November; more than six crore IT returns were filed with a sharpRead More →

As per new analysis report; Indian households are paying a tax of 510 INR on spends of 8400 INR monthly as compared to 830 INR in pre GST era. Overall it results into a saving of 320 INR. This survey has been done on various necessary household items. Tax ratesRead More →

In a new business report; Myntra CEO Ananth Narayanan has stepped down from his position which is likely to be abolished by the management.likely to be abolished. Now; Amar Nagaram who is head of consumer shopping experience at Flipkart is going to oversee the operation of fashion e-tailer. On Friday,Read More →

To effectively regulate various business operations of the Food and Beverage Industry in India, the FSSAI had recently published a draft of the Food Safety and Standards (Claims and Advertisement) Regulations, 2018 (“Regulations”) pertaining to claims and advertisements by Food Business Operators. These Regulations have been formulated with the primary intention of curbing the use ofRead More →

Intellectual Property is a new kind of investment and a virtual asset for any individual, company or organisation. Every year businesses all around world make billions in revenue through this business. That’s why it is necessary to protect your brand, logo or business researches through trademark, patent and copyright registrations.Read More →

Trade License is a permission certificate issued by local municipal corporation to operate a particular business at a particular local address. It is mandatory to ensure that the business will not effect citizens and the environment around it adversely through any improper business activity. It also binds business entity intoRead More →

Christian Michel ‘aggressively’ denied paying bribes to any UPA leader or defence ministry official as suggested in his purported handwritten notes. But he admitted to taking money from AgustaWestland, which he said was a ‘consultancy’ fee. Officials familiar with his interrogation said Michel had not disclosed names of any “beneficiaries”Read More →

Ola is in talks for a $500 million fund-raise. The cab-aggregator wants to tap existing investors China’s Tencent or Russia’s DST Global, which hold 10.5% and 6%, respectively, in the company. Ola isn’t keen on raising the funds from its biggest shareholder SoftBank (26%), as any future investments will takeRead More →

As per the reports of MCA, only 62% of the over 18 lakh registered companies in India were active at the end of october. Majority of active businesses were business services sector companies.  Over 6 lakh companies were shut down and went to regulatory processes which leaves the number toRead More →

The MCA has filed its interim report on the IL&FS case on December 3, naming several high-profile individuals as respondents. There are as many as six high-profile executives, including Vibhav Kapoor, Chief Investment Officer of IL&FS; K Ramchand, Managing Director of IL&FS Transportation Networks; RC Bawa, Managing Director of IL&FS FinancialRead More →

What is FSSAI License? FSSAI food license is required for food business in India. If you want to run a food processing unit, packaged food business, restaurant or any food business, then you are required to register for food license in India. You need to submit the required documents alongRead More →

What is MSME? MSME or medium small or micro enterprises are the companies which are registered under SSI or MSME Act. After registration, the MSME enterprises can avail various benefits from schemes and subsidies provided by the government. Below are advantages of obtaining a MSME registration certificate in India.  Read More →

A nidhi company is a company which has core operations of lending and borrowing money among its members. It is formed by members of a specific community for their mutual benefits. Nidhi Company registration is governed under section 406 of Company Act 2013. The entrepreneurs are required to file applicationRead More →

Ministry of Corporate Affairs has introduced amendments in Company Act 2013 after the recommendations from the Committee formed to review the offences under the Companies Act, 2013. These amendments are aimed at strengthening the corporate governance & enforcement framework of the corporations. The entrepreneurs and chartered accountants must go through the latestRead More →

Trademark registration process starts with the name search. If you are filing trademark registration form, then it is necessary to deeply research the trademark. You must make sure that the trade name doesn’t infringe any existing trade name or mark. Applicant must ensure that the trademark follows below points. TrademarkRead More →

Trademark Registration Online A brand is a valuable asset of a company, business or trade. The brand name, trademark, logo are the assets which serve as identity of a business among the consumers and business environs. The trademark is an intellectual property of the owner which has a worth. ThatRead More →

Indian government introduced the Real Estate (Regulation and Development) Act, 2016 act to regulate real estate industry and protect interest of home buyers. RERA is a regulatory and dispute redressal authority in each state in India.   Documents Required for RERA Registration For successful registration of agents under RERA Act,Read More →

BIS (Bureau of Indian Standards) has an internationally acclaimed certifying procedure for precious jewellery. It has specifies BIS standards for hallmark certification which defines various purity grade for gold and silver jewellery. Hallmark registration helps businessmen get trust of consumer in their products as buyers tend to prefer hallmark certifiedRead More →

Non Profit Organisation(NGO) to encourage donors to donate for social works for Government approved social welfare projects  by giving 35ac Registration donation certificate to donor for tax relief. The receipt which issued to the donor is FORM 58A which is also called as donation certificate. Non Profit Organization is gettingRead More →

A LLP (limited liability partnership) is a corporate business entity suitable for the partnership business. It has characteristics of partnership firm and corporation as it offers limited liability to all the partners of the LLP. LLP registration in India is governed by Limited Liability Partnership Act 2008 which has laidRead More →

Section 80G of Income tax was introduced in taxation system so that the entities and individuals who have contributed to some relief fund or charitable organisation can claim deduction while filing the tax. Although all kind of donations are not eligible for deduction under section 80G of income tax act.Read More →

Section 80G of Income tax was introduced in taxation system so that the entities and individuals who have contributed to some relief fund or charitable organisation can claim deduction while filing the tax. Although all kind of donations are not eligible for deduction under section 80G of income tax act.Read More →

A proprietorship firm is recognized by its tax and GST registrations. When you set up a proprietorship firm online, you also have to register for GSTIN to comply with regulatory and tax compliance. Goods and Services Tax (GST) is a historical reform in Indian tax mechanism which has consolidated variousRead More →

Private Ltd Company is the most preferred business structures in India among entrepreneurs. This is because of a number of advantages that a private limited structure of business offers to the business. Pvt Ltd company registration gives following advantages to the entrepreneurs. Advantages of Pvt Ltd Company Separate legal entityRead More →

There are numerous business houses out there. To stand out in this stiff competition, each and every business has to work out on their branding. This is a crucial step in company registration process. You must now that business name is the identity of your business under which whole businessRead More →

Earlier company registration was a difficult affair in India but due to regular business reforms of the government and authorities, it has gone through a serious change. Now the whole process to register a company is online. Applicant can go to the official website of Ministry of Corporate Affairs (MCA)Read More →

FSSAI license is an important business license required by all food business operators in India. All food business operators such as manufacturers, dealers and suppliers are required to obtain food license to commence business operations smoothly. Along with FSSAI license registration; it is equally important for food entrepreneurs to fileRead More →

Multistate Credit Cooperative Society Act 2002 Multistate credit cooperative society act 2002 is an update to the MSCS 1984 which was enforced in 2002 to regulate and consolidate the laws and rules that form foundation of incorporation, functioning and organization of credit cooperative society which are under jurisdiction and regulationsRead More →

ISO 9001 Certification Process & Requirements ISO 9001 is a set of quality management standards designed by International Standards Organization (ISO) to ensure that organizations/ companies perform their operations and along with complying with the statutory and regulatory compliance related to the business product or services. A business entity hasRead More →

In business environs, statutory audit is an important term which means inspection of the company accounts by an independent body of auditors to comply with the rules and regulations of the state law. It is beneficial for companies in building confidence among the shareholder community as it signified the overallRead More →

IEC is a  Import Export Code which is represented by 10 digits numbers issued by Director General Of Foreign Trade, Department of Commerce, Government of India. This code is mandatory for bonafide companies or individuals who wants to start a business of import and export in territory. To obtain importRead More →

If you want to start/ register an NGO, society, trust in India, then you must adhere with the rules and regulations specified in Society Registration Act 1860. This is the law defined by the Indian government for registration of literary, scientific and charitable societies. Important points in Society Registration ActRead More →

National Small Industries Corporation Limited (NSIC) is a PSU established by the Government of India in 1955 It falls under Ministry of Micro, Small & Medium Enterprises of India. NSIC registration online certification is given to MSMEs and the authority works for growth and advancement of the Micro, Small andRead More →

What is TDS Return Filing? TDS return is a quarterly statement which has to be submitted to the Income Tax Department. As per the Govt rules, TDS scheme has to be deducted at the time of payment at source. TDS deduction is compulsory for deductor (employer) or they can beRead More →

A number of companies are registered each year to operate business legally in India. Every registered company which is registered at Ministry of Corporate Affairs is liable to fulfill the required compliance to maintain legal status of the business entity. A registered company is required to file income tax returnRead More →

Do your business require Trade License? You can apply online by filling simple trade license application form. You need to furnish following details for completely filling the Trade License application form online. Name of company/ partnership/ proprietorship Name of the Applicant Contact Number of the Applicant E Mail Address ofRead More →

Trade license is a mandatory compliance for business involved in below categories: All businesses dealing with food products such as restaurant, canteen, bakery, meat etc. Manufacturing business owners such as factories, mills, cyber cafe etc. Business which deals with crackers, candles, timber sale or any dangerous material. If you haveRead More →

MCD Trade License Policy – Expert Guidance Municipal Corporation of Delhi (MCD) policy for obtaining the trade license is easy to understand. If the applicant follows the specified MCD trade license policy then there will be no hassles in trade license registration, application or renewal. Here are some guidelines necessaryRead More →

Here is the complete process to apply for drug license registration online. Entrepreneurs who want to enter the healthcare industry and want to deal in pharmacy products are required to obtain the license for pharmacy business.   Drug License Registration Application Form The pharmacy license is governed by the FoodRead More →

Pharmacy business is one of the most lucrative sector to invest in. that’s why various business houses are investing in this sector. Entrepreneurs must obtain drug license for medical store to start a pharmacy business in India. It gives you a legal status and tremendous growth opportunity for healthcare sectorRead More →

Business owners must submit the drug license application form 20B to obtain the license to operate sale, purchase, wholesale or manufacture of the drug / medicines or pharmacy. Illegal operations can lead to severe proceedings along with heavy penalties on the business entity. Therefore it is important to fill onlineRead More →

Entrepreneurs who want to operate a pharmacy/ drug business must have a valid drug license issued by the authorized department of the region to maintain the legal status.  It is necessary for pharmacy business owners to get expert consultant for hassle free approval of new drug license application online.  Read More →

Business owners who want to invest or operate in medical drug market must have a valid wholesale drug license issued by the authorized department to maintain the legal scrutiny of the business. If the business owners engage in drug business without any the valid drug license; they can face severeRead More →

To apply for FSSAI Registration in India, applicant is required to follow the steps for FSSAI registration as specified by the licensing authority. Here is the complete description of the procedure as specified in the official circular of FSSAI registration authority. Go to the official website : Click “Food LicensingRead More →

FSSAI  License Number is crucial for the food business owners. FSSAI license permits the business owners to operate a food business without any hassles and enables them to use the fssai logo and license number on products. The FSSAI registration increases the trust and credibility of product among consumers. ToRead More →

Register Private Limited Company – Rules & Regulations A Private Limited Company rules are governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. Some of the unique advantages of pvt ltd company registration are: Limited liability protection Ability to raise the equity funds SeparateRead More →

A Private Limited Company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014.  It is best suited for the startups and new business owners because of it’s limited liability and fund raising abilities. An entrepreneur must check out all important documentsRead More →

Are you searching for complete Private Limited Company registration process in India in PDF format? You can download the Private Limited Company Registration Details in PDF Format Here is the complete private ltd company registration process. Choose Unique Company Name Acquire DSC (Digital Signature Certificate) Acquire DIN (Director Identification Number)Read More →

How to Create a Subsidiary Company? Company registration procedure in India has been simplified very much. To encourage foreign investments in India, MCA has improved the guidelines for formation of Indian subsidiary company. If a foreign company wants to set up a subsidiary in India; they have to follow upRead More →

Formation of Indian Subsidiary Company registration procedure in India has been simplified very much. To encourage foreign investments in India, MCA has improved the guidelines for formation of Indian subsidiary. If a foreign company wants to set up a subsidiary in India; they have to follow up the guidelines specifiedRead More →

Incorporation of Foreign Subsidiary in India Company registration procedure in India has been simplified very much. To encourage foreign investments in India, MCA has improved the guidelines for incorporation of foreign subsidiary in India. If a foreign company wants to set up a subsidiary in India; they have to followRead More →

Company registration is a crucial decision for your business growth. Before going for business registration, an entrepreneur must know the type of business registrations available,  the online company registration fee structure as specified by MCA, Government of India. Here is the latest update on online company registration fee & cost.Read More →

Registering a company under a right business structure is a very crucial decision. A business person must check the advantages and disadvantages of all the business structure before filing the incorporation application to Ministry of Corporate Affairs (MCA). Here is the details of online company registration process, types and documentsRead More →

As per the latest notification; the due date for ITR filing has been extended from 31st July, 2018 to 31st August, 2018. On request of ICAI;  Central Board of Direct Taxes has extended the due date of income tax return filing. Here is the Twitter update Upon consideration of theRead More →

Section 8 Company are basically non government organizations which are registered to operate and promote a cause but not for profit business. They are meant to invest money for charity not to earn profit through that. For easy section 8 company registration, applicants are required to comply with the normsRead More →

Do you want FSSAI Registration to operate food business like restaurant, dairy, water processing unit? You must know the FSSAI License Registration documents before filing food license application. It is important for the food business owners to obtain the FSSAI license for hassle free approval of license. Here is aRead More →

If you run an NGO, you must know the importance of 80G certification. Non Government Organizations mainly work on the  donations given by common people. But NGOs must know that NGO with 80G registration certificate is the first priority of the donors because it helps them in availing tax benefitsRead More →

LLP registration in India LLP or Limited Liability Partnership is a kind of business entity in India which was introduced as under the Limited Liability Partnership Act, 2008. The idea behind the introduction of LLP registration in India is to achieve a form of partnership that is easy to maintainRead More →

Attention: File your IT return before 31st July. If you haven’t filed your income tax  return for financial year 2018-19 yet, then keep in mind that he last day for e-filing your income tax return is July 31. If you don’t file your return within the prescribed due date, thenRead More →

Section 406 of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014 governs The Law and Procedure for Nidhi Company. Nidhi Companies are monetary business companies operating in India and can be classified as Non Banking Financial Companies (NBFC) and Banking Companies. Nidhi company works through its members and itRead More →