Credit Guarantee Fund Trust for Micro and Small Enterprises Scheme To the first generation of entrepreneurs, the availability of bank loans without the hassles of collateral or third-party guarantees would be a vital source of support in realising their dream of founding a Micro and Small Enterprise. (MSE). In order to strengthen the credit delivery …
MSMEs may Apply for a Business Loan Access to Business Loans is a vital component of any successful business. However, MSMEs may face some difficulty in securing the funding they need in time. But small businesses can apply for an Micro small and medium-sized enterprises Business Loan to help them reach their goals. This post …
NOTE ON AMOUNT PAYABLE UNDER GRATUITY OBLIGATION TO AN EMPLOYEE We highlight the need for provisioning the obligation under Gratuity benefits payable to employees. This obligation is to be shown in the Financial Statements of the enterprises. Whilst this obligation will depend upon several factors, it will also be dependent on the amount payable under the …
NO TERMED AS SERVICE OF NOTICE – POSITION WHEN DISPATCHING NOTICE AT INCORRECT ADDRESS Recently in case of Ventrapathi Financial Services v. Superintendent of Central Excise (2015), honorable Andhra Pradesh high court held that dispatching of notice at incorrect address could not be deemed as service of notice and accordingly entire proceedings are liable to be set …
KEY POINTS ON ANNUAL FILINGS TO ROC – MGT-14 for Approval of Accounts & draft board report a. Pvt Co. – Not Required b. Public Co. – Required New forms AOC-4 (earlier 23AC/23ACA) and MGT-7 (earlier 20B) are introduced for annual filings. Board Report shall include various disclosures as per sec 134 & other section …
COMPANIES (AMENDMENT) ACT 2015 – AMENDMENTS AT A GLANCE In a move to reduce compliance, to attract the new investment and for ease of doing business government has made following amendments. Companies (Amendment) Act 2015 – Amendments at a glance….. This Act shall come into force on 26th May, 2015 Details Of Amendment: The proposed amendments deal …