All About on Nidhi Company BRIEF INTRODUCTION It is a company incorporated in order to cultivate a habit of saving between its members or shareholders. In the Indian financial sector, Nidhi Company is seen as a mutual benefit society and they are allowed to solely take up deposits from their members and lend money to their …
Qualification & Disqualification Of Directors The Act provides for a dedicated provision, which is Section 162 that underlines the explanations that an individual might not appoint as a director. there’s no such provision regarding the qualification under the Act. However, requirements are listed as below: The said person should have completed 18 years age or above. 2. Nationality are often that of Indian or otherwise. 3. The person …
DIRECTORS AND ITS COMPLIANCES REGULATORY PROVISIONS A company is made by law and is an artificial judicial person having its distinct entity. Though the corporate is bestowed with the characteristic of a separate legal entity, it cannot make the choices on its own. Here the foremost crucial role is played by the administrators of the corporate. Directors are the eyes and brain of an organization. to hold out all the required functions and …
FUNDING MANTRA: DOCUMENTATION FOR A STARTUP BEFORE AND AFTER INVESTMENT Brilliant company ideas provide value to society in this era of startups. The early bird gets the worm, as the saying goes. Comparing millennial classics in the food tech field, such as Swiggy and Zomato food delivery, had a significant impact. The ability to conceive …
E-PERSONAL HEARING IN GST BRIEF INTRODUCTION The Bangalore Zonal Unit of Directorate of Systems and Data management was vested with the main task for development of Dispute settlement and resolution (DSR), Investigation, Audit, Mobility and E-way Bill modules. Among these, Adjudication is among the main modules in respect of compendious Dispute Settlement and Resolution (DSR) module, which is …
READ ALL ABOUT ROYALTY TAXATION UNDER INCOME TAX ACT, 1961 BRIEF INTRODUCTION Royalty refers to the payment made in any kind and the same is received as consideration for the utilization of any intangible property like patent, copyright, design or model, secret formula or process, trademark, name or for information concerning industrial, commercial or scientific experience. Royalty ensures that …
GST IMPLICATIONS ON DISCONTINUATION OF BUSINESS BRIEF INTRODUCTION Many businesses change their structure for various reasons and purposes like for betterment of business from declining phase or to extend the worth of their business or to possess potency in market competition. In recent times after the COVID 19 crisis, more businesses are restructured thanks to continuous losses or thanks to difficulties in continuation of business. A …
TOP 10 CRYPTOCURRENCY AND ITS FEATURES (OTHER THAN BITCOIN) Best Cryptocurrencies to Buy: Most Promising Layer 2 token: Polygon (MATIC) Holds Most Market Enthusiasm: Ethereum (ETH) Best Payment Solution: Stellar Lumens (XLM) Highest Growth Potential: Chainlink (LINK) Best Store of Value: Bitcoin (BTC) Best Hedge Against ETH: Cardano (ADA) Ethereum (ETH) Launched: 2015 Market value: $70 billion Features – Built-in programming language lets developers …
Registration of Merchant Banker License in India Who is Merchant Banker? A merchant banker is defined as any person who is engaged in the business of issue management, either by making arrangements for buying, selling, or subscribing to securities or by acting as a consultant, manager, or rendering corporate advisory services in relation to such …
Section 80C, 80CCC, 80CCD, and 80D deductions: The tax department provided various deductions from taxable income in Chapter VI A deductions in order to encourage savings and investment among taxpayers. As 80C is the most well-known, other deductions are useful to reduce tax liability for taxpayers. Let us have a clear understanding of these deductions. …