Union Budget 2020 has set some new compliance for Charitable Trust, NGO and religious institutions to claim tax exemptions. The revised provision will bring a pivotal change for such organizations. The existing Charitable Trusts and Institutions registered under Section 12A (before 1996), Section 12AA (after 1996), 10(23C) and Section 80G shall be required to re-apply […]
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 […]
Nowadays, people are considerate while purchasing any goods from the market. High quality has become the foremost priority for any customer. A Mark or Logo that certifies the safety, reliability and quality of a product is BIS. The Government of India has mandate BIS certification for 92 products to safeguard the public interest. An individual […]
National Small Industries Corporation (NSIC) is a Mini Ratna PSU that was formed in 1955. Government of India has created NSIC to underpin the Small Scale Industries (SSI). NSIC acts as an intermediary to bridge the needs of Small, Micro and Medium Enterprises through various development schemes. It aims to promote aid and foster MSME […]
Stepping into the corporate industry is just the tip of the iceberg; one has to put enormous efforts to create a unique brand in the competitive market. The biggest challenge that often strikes entrepreneurs is to compete in the same business line amidst the existing renowned brands. Read out the top Benefits of Trademark Registration. […]
Businesses can collapse like a house of cards, so it is better to close down the Company under critical conditions. The procedure for closing a Company is a complex yet indispensable task. It is even more difficult to wind up a Private Limited Company. Section 270 of Companies Act, 2013 lay out the provisions to […]
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 […]
A popular idiom, “Big things come in small packages” emphasize that one cannot estimate the value of something based on its size. Irrespective of being small, an object can be equally or more efficient than a big object. Likewise, in the corporate world, small scale Companies can give fierce competition to large businesses. Government of […]
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 […]
Memorandum of Understanding is a formal document that outlines the expectations of two parties before sealing a deal. It is a non-commitment agreement that defines the intensions of businesses to work together in consensus. The Memorandum of Understanding Agreement highlights the rights & obligations of two corporate parties that are about to enter into a […]
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