Considering the financial needs of unserved sections of our society, RBI creates a new segment of banks called Small Finance Banks (SFB). It has the main objective of furthering financial inclusion by supplying credit and provision of savings vehicles through high technology. SFB’s target audience is a marginal group of farmers, unorganised entities, micro & […]
Taxpayers often take tax evasion measures to protect their tax outflow from the Government. Henceforth, it becomes requisite for the Government to keep a close eye on such measures and issue new provisions to restrain the illegal practices. In 2004, the Finance Act introduced a tax called the Securities Transaction Tax (STT) to reduce the […]
NBFCs are a significant contributor to the growth of the Banking, Financial Services, and Insurance (BFSI) sector in India. BFSI cannot stand alone without NBFCS support. As the customer base of any business determines its success or failure, it’s indispensable to win the trust of the end-users. Non-Banking Financial Companies values costumers’ needs and focuses […]
The issue of shares by Public Limited Company is governed under the provisions of Companies Act 2013. Public Company got incorporated under this act with limited liabilities of its members. A public company can offer its shares to the public in several ways that are described in detail in this blog henceforth. Following is […]
Financial technology also abbreviated as FinTech is the technology and innovation which aims to revamp the traditional methods of delivering financial services. From startups to well-established companies dealing in the financial sector, every key player prefers to harness the technology of FinTech. Entrepreneurs who seek to add an edge to their business services count on […]
The GST Council has approved an introduction of ‘E-invoicing’ or ‘electronic invoicing’ on September 29, 2019, for reporting business to business (B2B) transactions to the GST system. The new system will get implemented on January 1, 2020. Earlier, no standard prototype existed for e-invoice in India; however, the New GST return has set a standard […]
The mergers and acquisitions (M&A) is a multi-staged process that involves several steps and often gets completed within a period of 6 months to many years. It acts as a boon for companies that are struggling to expand the business and generating less revenue. Generally, Entrepreneurs finds it challenging to sustain in a financial constraint […]
Blockchain technology can be a stepping stone in the advancement of the trading industry. In a recent event of commemorating the silver jubilee of the National Stock Exchange (NSE), the chief of Sebi urges stock exchanges to follow governance norms better than what they already preach to the listed companies. He also emphasises on the prohibition […]
According to Companies Act 2013, Section 8 is a company that has a sole objective of promoting education, Art, Sports, Commerce, Social Welfare, Charity, Research, Religion, Environment, Science, and many other similar objects. The income and profits of a Section 8 Company get utilized for the promotion of its objective only, wherein; no member receives […]
On 16 October, the Reserve Bank of India (RBI) issued new guidelines to allow interoperability for closed wallets. It is a prominent move from RBI’s side that enables a seamless transfer of funds amidst numerous mobile wallets like PhonePe and Paytm. The new guidelines stimulated companies and created an equal opportunity for closed wallets which operate without […]
Steps to Register Food Business Online with FSSAI
Ways to Get an IEC Code for Small Business in India
How to File Trademark Rectification If Error in Trademark?
CBDT Clarifies Provisions Regarding TDS Deduction from Salaries for F.Y. 2020-21
Legal and Security Services under Trademark Class 45
Know the difference between FSSAI and FCI
7 Important Things to Know about FSSAI License Renewal Process
RERA in Gujarat: Process to Register Project and Agent
Medical, Veterinary, & Beauty Services under Trademark Class 44
Start An Online Grocery Store in India: Its Concept and Process
