What is Due Diligence for Startups in India?
Posted Date : 02-Nov-2023 , 05:43:37 pm | Posted By
Ishita Ramani
Introduction
Due diligence is an inquiry or audit conducted before a transaction, such as an acquisition, investment, business partnership, or bank loan, to guarantee compliance with financial, legal, and environmental reports in order to register a company in India. The outcomes of all the...
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Category : Corporate Law |
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Why is forming an Indian subsidiary not as tough as you think?
Posted Date : 30-Oct-2023 , 06:11:49 pm | Posted By
Ishita Ramani
Introduction
India is a country that attracts a lot of private equity and foreign direct investment (FDI) due to its rapid expansion. India has the second-largest population in the world and a wealth of skilled IT workers, which makes it an appealing destination for investment from foreign ...
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Category : Corporate Law |
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0 | Hits : 648 |
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Mandatory Demat of Shares of Private Limited Companies
Posted Date : 30-Oct-2023 , 08:04:24 am | Posted By
CA.Khurana Vivek
The mandatory dematerialisation requirement is applicable on all securities of every private company, excluding small companies and government companies. The provisions are applicable with immediate effect, and a timeline of 18 months is provided from the closure of the financial year in which a pr...
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Category : Corporate Law |
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0 | Hits : 497 |
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Difference Between PAN Card and TAN Number
Posted Date : 27-Oct-2023 , 04:29:10 pm | Posted By
Ishita Ramani
Introduction
An individual must understand the key differences between Tax Account Deduction Number (TAN) and Permanent Account Number (PAN) Card before starting a business. Any business owner should be very familiar with these three-letter terms because they will help you understand the co...
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Category : Corporate Law |
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VAT Strategies for Business Growth & Optimization in India
Posted Date : 25-Oct-2023 , 01:29:35 pm | Posted By
Ishita Ramani
Introduction
Value-added tax (VAT) is a consumption tax that is levied on the value added to goods and services at each stage of production and distribution. VAT strategies are essential for businesses to optimize their tax strategy and ensure business growth. In this article, we will discu...
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Category : Corporate Law |
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0 | Hits : 498 |
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All you need to know about Form CHG-1 for Registering a Charge
Posted Date : 23-Oct-2023 , 04:05:33 pm | Posted By
Ishita Ramani
Introduction
The act of filing a charge provides security and enables the charge holder to collect the claim amount from the security that the company has charged in the charge holder’s favor in the event that the charge holder defaults on the loan. In this blog, we will discuss the f...
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Category : Income Tax |
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RBI List of Central Auditors (CSAs) for Public Sector Banks for FY 23-24
Posted Date : 21-Oct-2023 , 08:05:59 am | Posted By
CA.Khurana Vivek
List of CA Firms Appointed by RBI as Central Statutory Auditors (CSAs) of 12 Public Sector Banks (PSBs) Banks for FY 2023-24.
Sl. No. Name of the Bank Names of audit firms approved for appointment as SCAs for FY 2023-24 with Firm Registration Number (FRN) and Unique Code Number (UCN)...
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Category : Bank Branch Audit |
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Difference Between Debit Note And Credit Note: Under GST
Posted Date : 16-Oct-2023 , 07:02:50 pm | Posted By
Law Legends
Topic covers:
1.What is Debit Note and Credit Note?
2.Debit Note and Credit Note in GST
Definition
Reason to issue Debit note and Credit Note
Time limit to issue
3.Reflection in GST return
4.Format of Debit note and credit note
5.Difference between debit note and credit note
6.FAQs
Aft...
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Category : GST |
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What are the ethical issues in accounting & finance faced by accountants?
Posted Date : 14-Oct-2023 , 01:29:46 pm | Posted By
Ishita Ramani
Introduction
Ethics are the moral principles that guide our actions and decisions, and they play a pivotal role in the field of accounting. Accounting professionals hold a position of trust in society, as they are responsible for managing financial information that impacts stakeholders&rsqu...
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Category : Corporate Law |
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MVAT Audit Report in Form e-704
Posted Date : 12-Oct-2023 , 02:51:28 pm | Posted By
Ishita Ramani
Introduction
Regular audits are essential to ensure compliance and transparency in taxation. The new VAT Audit Form — 704 has brought out many major changes that are important for companies operating under the Sales Tax Act. The Maharashtra Value Added Tax Rules introduced this comple...
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Category : VAT |
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All You Need To Know About Form 10BD
Posted Date : 10-Oct-2023 , 01:06:28 pm | Posted By
Ishita Ramani
Introduction
In the realm of income tax laws, both donors and recipients play crucial roles in ensuring compliance and transparency. To facilitate this process, the Income Tax Act introduces Form 10BD, a document that holds significance for both parties involved. Every charitable organizati...
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Category : Corporate Law |
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What are the remuneration given to LLP Partners?
Posted Date : 07-Oct-2023 , 12:20:41 pm | Posted By
Ishita Ramani
Introduction
Rewards and return to a partner are the most important factors for every LLP partner. The return is sought irrespective of whether the partner is investing in the LLP or offering his skills to it. When you register your Limited Liability Partnership, this factor should not be o...
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Category : Corporate Law |
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0 | Hits : 483 |
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What are the exceptions for copyright protection?
Posted Date : 05-Oct-2023 , 05:03:02 pm | Posted By
Ishita Ramani
Introduction
Copyright protection is to make sure that the rights of artists, composers, authors, etc. are protected by rewarding them with exclusive rights over the work as per the Copyright Law. The copyright law has imposed some limitations and exceptions in order to maintain the balance...
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Category : Corporate Law |
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0 | Hits : 491 |
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Process to Increase Authorized Share Capital
Posted Date : 29-Sep-2023 , 03:08:18 pm | Posted By
Ishita Ramani
Introduction
Every company eventually needs more money to run it. This fund might be required both immediately and later. A short-term requirement can be satisfied by loans and advances. However, in the long run, it will demand more money. This can be done for a Private Limited Company by i...
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Category : Corporate Law |
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Type of Directors in a Company in India
Posted Date : 27-Sep-2023 , 12:19:38 pm | Posted By
Ishita Ramani
Introduction
This blog provides information on the various types of Directors in a private limited company, and the different types of Directors in the Companies Act, 2013. Directors are in charge of overseeing, controlling, and directing a company’s operations. He or she has many dut...
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Category : Corporate Law |
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Post registration compliances for a Private Limited Company
Posted Date : 23-Sep-2023 , 03:17:44 pm | Posted By
Ishita Ramani
Introduction
A business must satisfy various compliance-related requirements upon the establishment to continue operating as per the Companies Act, 2013. The Directors and the Company suffer fines and penalties for non-compliance. Therefore, those who incorporate a business must be aware of...
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Category : Corporate Law |
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0 | Hits : 635 |
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How should small companies manage GST compliance?
Posted Date : 14-Sep-2023 , 12:40:45 pm | Posted By
Ishita Ramani
Introduction
The foundation of the Indian economy, small and medium-sized enterprises play an essential part in export, GDP, job creation, and inclusive growth. They might think that the GST has substantially raised the cost of compliance. The nation’s most important tax reform since ...
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Category : GST |
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Roles of Directors & Shareholders in GST Cancelation
Posted Date : 11-Sep-2023 , 04:51:37 pm | Posted By
Ishita Ramani
Introduction
India’s Goods and Services Tax (GST) is an indirect tax system that went into effect on July 1, 2017, with the goal of simplifying the complicated taxation system in the nation. It has taken the place of different indirect taxes like excise duty, VAT, and service tax. It ...
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Category : Corporate Law |
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0 | Hits : 931 |
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What is the process of filing a Letter of Undertaking (LUT) under Goods & Service Tax (GST)?
Posted Date : 08-Sep-2023 , 05:28:55 pm | Posted By
Ishita Ramani
Introduction
All registered taxpayers who wish to export goods or services without paying IGST (Integrated Goods and Service Tax) must submit a Letter of Undertaking (LUT) in GST RFD-11 form through the GST website. This article is going to focus on “What is a Letter of Undertaking un...
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Category : GST |
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0 | Hits : 819 |
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Share Transfer Process in Private Limited Company
Posted Date : 05-Sep-2023 , 04:48:17 pm | Posted By
Ishita Ramani
Introduction
In a Private Limited Company, the shareholders are involved in deciding who owns the business. You must transfer the shares if you want to bring in new investors or change ownership during the course of your business. Today, we will look at the process of transferring shares in...
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Category : Income Tax |
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0 | Hits : 898 |
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