Setting up a business is not so easy; an aspirant has to invest a sufficient amount of time, effort, money, and determination during the inceptive stage. The struggle starts right from the selection of the business structure to forming and implementing the plan. Entrepreneurs always look for those business structures which provide maximum benefits with […]
Taxation holds vital importance for anyone pursuing his profession and earning income from it. If you are a salaried employee, then you must have come across ‘Professional Tax’ mentioned on the salary slip. It is a direct tax levied by the State Governments in India on individuals earning income through practicing a profession such as […]
A Private Limited Company tends to collapse when a Promoter or Co-founder withdraws from his position and resign the Company. In such a scenario, the best option is to convert the Private Limited Company into a One Person Company (OPC). Companies Act, 2013 enables the incorporation of OPC with a single shareholder; thereby, it provides […]
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 […]
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 […]
How much the company or entity is compliant is reflected by its tax compliances such as timely filing of income tax returns. The taxpayer shall file a return for reporting his income for the financial year, for carrying forward losses, to claim refunds, etc. Through return filing, the taxpayer discloses his income, expenses, claim deductions […]
Not every company strives to earn profit by commencing trade; many companies primarily work on non-profit and charitable objectives. Such companies are known as Section 8 as per Companies Act, 2013. Section 8 company is one of the best Non-profit organizations (NPO) because of its systematic constitutional framework. A Section 8 company intends to “promote […]
A rapid growth in International Business Environment (IBE) is apparent over the past years. Presently, a remarkable number of goods, services, technologies, and resources have crossed the national boundaries, thus, bringing together different parts of the world. Further, IBE has not only helped Indian traders to expand their businesses but also served as a platform to gain recognition […]
Non-Banking Financial Company Non-Banking Financial Company (NBFC) is an essential segment in the financial sector.They are registered under the Companies Act and regulated under the RBI Act. NBFC is used as an alternative for the source of funds for deploying funds to MSMEs, infrastructural projects, etc. other than banks and financial institutions. The RBI Act […]
In India, all the petty retailers, traders, small scale entrepreneurs, etc. register themselves as Sole Proprietor of their firm as they solely want to own their firm without distributing profits among their partners. A sole proprietorship is also called “One Person Company” where there is a single owner who manages all the assets, debts, financial […]
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