There have been major changes in the process of Company registration with the Ease of doing Business initiative which has simplified the process of incorporating a Company in India, Company Registration being a recommended form of business structure as it suits everyone’s needs. While registering a private limited Company minimum two people/ promoters are required […]
DIRECTOR IDENTIFICATION NUMBER
DIN is the abbreviation which is used for Director Identification Number. DIN is issued by Ministry of corporate affairs (MCA), Government of India. All the existing or intending Director has to obtain DIN within the prescribed time frame. Upon making an application in the DIR-3 form as mentioned under section 153/154 of the companies act, […]
SPICE PLUS COMPANY PROCEDURES
The Ministry of Corporate Affairs has launched a web-based form for Company registration in India known as the Spice Plus Form i.e. Spice+, the form is available on the MCA portal with effect from 23rd February, 2020. This move is aimed to further simplify the Company registration process and provide the user with ease of […]
INDIA EMERGED AS THE 5TH LARGEST ECONOMY IN WORLD SURPASSING U.K. & FRANCE
SOON INDIA WILL BECOME THE WORLD LARGEST ECONOMY World Population Review: US Think-Tank According to the world population review, a United States of America (USA) think-tank openly declared that leaving behind UK & France, India has become the 5th largest economy in the world. According to the world population review, both the economies stand at […]
Highlights of Budget 2020
A. Tax for individuals: A new tax regime, a person can move to a new tax slab structure which has 5 tax slabs however he cannot take any tax exemptions. The new tax slab structure has lower marginal tax rates for income up to Rs 15 lakh, when compared to the tax slab structure under the […]
Steps for starting a business in India?
The first step before starting a business in India is to choose the right business structure. A right business structure is one which compliments the business of the entrepreneur. The available business structures in India are as follows: Sole Proprietorship Partnership Registration Company Registration Limited Liability Partnership Being the most important step one needs to […]
What entities are eligible for MSME Registration & Document for MSME?
The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector in the Indian economy and is the backbone of the country. Obtaining the MSME registration certificate is not mandatory and is at the sole discretion of the enterprises. Eligibility for MSME registration for enterprises depending upon their scale […]
WHAT IS AN IMPORT EXPORT CODE (IEC)?
One needs to adhere to various rules, regulations and other technicalities that international trade has, to make one’s business global. One of the mandatory requirement is Import export code. What is Import export code? Import Export Code (IEC) or Import Export License is a Ten digit alphanumeric code allotted which is same as your PAN No. (Exp. […]
Why is Internal Audit Important for Your Company in India?
INTERNAL AUDIT Internal audit process is executed in every company irrespective of its size and under which segment it is operating. Internal audit process helps in keeping an internal checks & balances on the company policies & management including corporate governance and accounting processes associated. Internal audit process also ensures that the company is complying […]
Know all about Digital Signature Certificate
What is Digital signature certificate (DSC)? Digital signature certificate (DSC) provisions are regulated under Information & technology act, 2000. This is the most authentic and secures way of uploading a document electronically. Digital signature certificate (DSC) is a way of signing a document electronically. In the era of internet where everything is present online, it […]