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 […]
The concept of a Dormant Company has been introduced recently under Section 455 of Companies Act, 2013. In simple terms, Dormant Company implies to that Company which is inoperative or inactive. It is a perfect getaway of Company strike off or closure that results in permanent shut down of the business. A Dormant Company enables […]
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 […]
It was RBI Chief Shaktikanta Das who announced few measures tried to give a boost to the economy during the tough time that our nation and most of the nations of the world are facing due to ongoing crisis created by COVID-19. Apply For NBFC License and Get License in 90 Days Quite a few […]
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 […]
On 14th March 2020, the Finance Minister, Nirmala Sitharaman chaired the 39th GST Council Meeting in New Delhi to make certain amendments in GST Law. As per the proposed decisions, there is an increase in the tax rate on mobile phones and specified parts from 12% to 18%. Moreover, GST on machine-made and handmade matchsticks […]
Are you confused about which Business Model is best suited to you? Do you have a clear Vision and Mission of business but unable to kick start it due to lack of clarity on Business Model? If these are the questions that create trouble for you, then you are at the right platform as this […]
A sigh of relief came for a taxpayer when Finance Minister Nirmala Sitharaman announced that a responsible citizen can file Returns of Income Tax for FY 2019 beyond the deadline mentioned earlier. The new deadline is set as June 30. The deadline extended might be because of crisis created by Coronavirus. She further assured economic […]
Earlier, there were many speculations about a single person starting a Company. However, Ministry of Corporate Affairs put aside all those deliberations and established a new concept of One Person Company under Section 2 (62) Companies Act, 2013. It is similar to a Private Company yet requires only one member who acts as the Director […]
It takes sweat, hard work and determination to create a unique masterpiece. Original work is priceless and needs to be preserved by its creator. The inventor can safeguard his work from any kind of infringement by attaining a Patent Registration Certificate. It grants legal protection of intellection property for 20 years. Therefore, a work which […]
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