In India, Non-Profit Organizations (NPOs) can be registered as a Society, Trust or Section 8 Companies. The sole purpose of such organizations is to undertake public welfare activities for a charitable object. A Trust is an entity that aims to develop and propagate religious and charitable purposes. Such establishments do not engage in any commercial […]
Section 139A of Income Tax Act, 1961 mandates a person to possess only one Permanent Account Number or PAN. If any individual has two or more PAN cards, then Income Tax Officer shall levy a penalty of INR 10,000, as prescribed under Section 272B. Several reasons lead to the generation of multiple PAN Cards. However, […]
A Society is an association of individuals that voluntarily come together to attain a common objective. The primary purpose of a Society is to promote the advancement of art, literature, science, religion, sports, education and other charitable activities. Society Registration Act, 1860 legitimize and governs the functions of Societies. It further lays out the guidelines, eligibility […]
Recently, Non-Banking Financial Companies have outperformed the traditional lenders, banks in the sphere of credit deployment. NBFC leverage technology-driven solutions to penetrate credit facilities in the remote sectors. Such institutes focus on capitalizing at the inefficiency of banks to scale operations rapidly and amend stringent policies. It emphasizes upon reforming the lending services by collaborating […]
The music industry is highly competitive, yet the most mesmerizing field to head-start the career. It takes years of consistent endeavour to produce a single masterpiece that captivates the entire nation. A musician can receive considerable Royalty for his music, by granting legal permission to someone who seeks to play his original compositions. It is […]
The selection of a business structure is a tough choice to make since the success or failure solely depends upon it. The emerging entrepreneurs often get bewildered to find the right company’s foundation for their venture. Usually, the common ground of confusion lies upon whether to form LLP or go ahead with a Private Limited […]
India is the hub of restaurants, cafes, bars and other food joints. One can find adequate eateries in every nook and corner of the bustling streets, which gained worldwide popularity for the rich flavours and exquisite dishes. Perhaps this is the reason which drives many entrepreneurs to start their own eating house. However, the legal […]
India sustains a steady growth in the volume of foreign trade which enriches our country’s communication system and makes room for the traders to outreach the domestic boundary. The persistent development of Forex industry drives young entrepreneurs to start a currency exchange business. Considering the prospect of earning substantial profits, many individuals strive to be […]
It requires an efficient business plan to achieve success in this competitive arena. However, any plan is futile without sufficient resources and proper execution. Therefore, one needs to look for a robust method that will help to scale a business. The most valuable strategic tool for business expansion is Merger and Acquisition. It is the […]
Real estate industry has undergone remarkable growth and development over the years. A sudden thrift was admitted in the real estate market after Real Estate (Regulation and Development Act), 2016 came into effect. The Act established the Real Estate Regulatory Authority (RERA) in each Indian state to monitor properties possession. It aims to safeguard the […]
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