The foundation of a company stands on two pillars, Directors and Shareholders. The role of a Shareholder is to determine and set some company’s goals that need to be accomplished by a Board of Directors. Shareholders take all the major decisions from approving the financial statements to winding up the company. Besides, it does not […]
Have you ever wondered what a company does with its accumulated earnings or when its shares price goes up? Often it issues bonus shares to its existing shareholders based on the shares owned by them. Such shares are additional shares that a company provides to its current shareholders without any additional cost. These are the […]
A business structure needs to be flexible with lesser compliances to cope with the dynamic nature of the corporate world. One such legal entity that provides both the flexibility of Partnership Firm and perks of Limited Liability is LLP. Though Limited Liability Partnership is a relatively new concept than Private Company, yet several business enthusiasts […]
Have you ever heard about Full Fledged Money Changer? If you have heard about Full Fledged Money Changer, have you ever tried to understand who regulates it? Still, puzzled? Are you fascinated about how does foreign exchange work in India, or if you are keen to start your firm which will deal with activities of […]
Over the years, technology has evolved at a fast-pace. Though the development in technology has streamlined our daily operation, perhaps it becomes a pathway for the hackers to commit their malicious acts and attack online businesses. With the growing rate of cyber crime and fraud cases in India, it is indispensable to be more vigilant […]
Non-Banking Financial Sector has attained a sky-rocketing success over recent years. It holds paramount value in regulating the growth of the financial system. These financial institutions have been a primary contributor to the core development of transportation, infrastructure and generated several employment opportunities. NBFCs largely cater to the financial needs of the economically weaker sections. […]
MCA or Ministry of Corporate Affairs has issued a new scheme, namely, Companies Fresh Start Scheme 2020. It is intended for those stakeholders who were unable to file any documents such as Annual Filing to ROC. CFSS-2020 is a boon for the Companies that have made Filing-defaults as it protects them from any legal proceeding […]
Nidhi originally means treasure; in legal terms, it is a type of Non-Banking Financial Company incorporated under Section 406 of Companies Act, 2013. The principal objective of a Nidhi Company is to cultivate the habit of thrift and savings among its members. However, if a Nidhi Company fails to comply with the provisions, then it’s […]
The Indian Government has introduced Goods and Services Tax in 2017, which is popularly known as GST. It is a tax implemented to bring all the indirect taxes and service charges under one shed. Every supplier with earnings of more than INR 20 lakhs per annum has to register under GST. Once an individual obtains […]
Our nation has become ruthless; it requires compassion, benevolence and charitable deed for its well-being. One such Establishment that emphasizes on the advancement of Religion, Art, Literature, Science, Education, Sports and other charitable activities is a Society. It is an association of individuals who voluntarily collaborate to flourish a common objective. A Society is regulated […]