How GST Will Benefit Companies in India?

The Constitution (One hundred and first Amendment) Act, 2016 introduced a national GOODS AND SERVICE TAX in India which is to be implemented from 1st April 2017. GST is one of the biggest financial and  tax reforms since Independence. It is a single indirect tax that combines several indirect taxes. The GST bill was passed by the Parliament on August, 2016 with...

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Private Limited Company registration in Delhi

A Private Limited Company is a form of company which gets registered as per the provision of the Companies Act, 2013. A private limited company registration in Delhi is easy and hassle-free. A Private Limited Company registration in Delhi is one of the best options to jump starts your operations in Delhi or any other states in India. Earlier, minimum paid-up capital of Rs....

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The Impact of Global Crude Oil Prices on India Economy

Impact of Global Crude Oil Prices Economic growth of a nation is primarily driven by energy. It is the key element for the sustenance in the future modern economies. But, sadly the global energy supply system is slanted towards the limited amount of fossil fuels. In every aspect of development, energy plays a vital role. It may be related to reducing poverty, increasing...

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Women Entrepreneurs: Making A Mark In Indian Startup Ecosystem

Startups have taken the Indian economy by a storm, especially after the ‘Startup India’ campaign by Prime Minister Narendra Modi. These startups are not just avenues to buy and sell goods and services, but a path to development and lifestyle change; be it getting service quality reviews of any restaurant or cafe on Zomato, and being free from the exploitation of local...

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HERE’S WHAT YOU NEED TO DO WITH YOUR OLD RS 500, RS 1000 NOTES

You can either deposit or exchange Rs 500, Rs 1000 Notes as follows: You can deposit Rs. 500 and Rs. 1000 notes either at your bank or the post office. The acceptance of such notes will be effective from November 10th  to December 30th of 2016. You can also exchange them from a bank or post office till 24 November. However,...

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All You Need To Know About ‘Udyog Aadhar’

What is UAM? The UAM is a single-page and single window registration system, working through a portal //http.udyogaadhar.gov.in// for new MSME registrations which subsumed all other existing online forums. It is based on self-declaration format, thereby eliminating the need for any other documents.  It is important to note that  competent authorities can call...

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What Are The Legal Aspects Involved In Setting-up A Startup?

Hundreds of ideas must be evolving in your mind when you want to start a new business. But, if you aren’t aware of the legal aspects involved in this whole process of building a Startup, It may land you into a trouble. Even though, you have capital, great idea and other capabilities, your business would tend to fall by avoiding legal formalities required for starting a...

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Methods of Book keeping & Finalizations

Book-Keeping is an essential part of any business. There are several methods for book-keeping such as the single-entry and the double-entry bookkeeping system. Financial records of a business can be traced with the help of book-keeping. There are certain Rules and Laws that make book keeping & finalization a statutory and compliance requirement for the companies. Being one...

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HR Business Policy Formulation

Human Resource Policy or HR Policy Formulation is set of rules and regulations, that a business put in place to hire, assess, train and reward the member of their workforce. The subjects that are generally covered while formulating these policies are equal employment opportunities; workdays, paydays, pay advances, break period, holidays, sick days, disciplinary rules, personal...

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Registration of Property Documents

Drafting and registering property document is often found intensive exercise because of the complex legal, statutory and regulatory framework involved therein. The documents which are generally required in property transaction are sale deed, General Power of Attorney, Conveyance Deed, title deed, and Gift Deed etc. In real estate sector, the property documents also involved...

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How to shift Registered Office?

While running a business, changing location of your company often becomes a need for the growth of your company. Therefore, it is possible to change even the registered office at MCA website. For shifting registered office, INC- 22 is required to be filled. A board Resolution for shifting registered office needs to be passed in the meeting.  The time limit for filing...

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FDI and NRI Business Services

FDI and NRI Business Services are at boom in India as the country has become one of the largest open economies. India has been ranked among top 3 attractive destinations for inbound investments. Government is taking measures to increase FDI in India. The FDI Policy aims to increase foreign investments in India. 100% FDI under automatic route is permitted in Teleports,...

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HERE’S WHAT OUR AUTHORS HAVE TO SAY ON THE EVE OF INDIA’S 70TH INDEPENDENCE DAY

Seventy years ago, on the eve of 15th August, India graciously sailed into freedom, and gained independence from the British Crown. But today, as we stand here at this juncture, we realize that a road map for making India the “Golden Bird” once again,is yet to be followed, although our nation is the fastest growing economy and has become one of the startup ecosystems....

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Import Export Code

If you want to expand your business and take your product/service to the international market, you would require obtaining an Import Export Code or IEC which is unique 10 digit code issued by DGFT - Director General of Foreign Trade, Ministry of Commerce, Government of India to Indian companies. Generally, it becomes difficult for entrepreneurs, who want start an import/ export...

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ESOP Agreement

Employee Stock Options Plans are used by various companies to attract, retain, and compensate their employees. Under Employee Stock Options Plans, there is an ESOP agreement between a company and its employees that entitled the latter with a right to buy a certain number of company’s shares at a fixed price within a certain period of time. The fixed price is often called...

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Copyright registration process

    Copyrights covers:  • Literary works such as books, literature, technical drawings, computer programs, computer databases • Musical works or Audio Visual work • Artistic works including logos, photographs, pictures 1.  Filing Application. (Form No. 4) in the Office of the Copyright. Three copies of published work may be sent along...

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How to file income tax return?

Do you know how to file Income Tax? Income tax return filing is important. It is a standard proof of your Income. Prime Minister on Sunday proclaimed that tax evaders must disclose their assets before 30th September 2016. ITR can be filed both online and manually. For filing ITR manually you have to visit Income Tax office and submit relevant documents. Online...

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Registration of Private Limited Company

Minimum 2 member are required to Register a private limited company- 1.      Obtain Director Identification Certificate. Submit self attested required document for the same. 2.      Search for available Company name. 3.      Make an application for desired Company name. 4.     ...

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Trademark Registration in delhi

Registration of TM is not mandatory.  If TM is registered it provides a remedy against violation, However, violating a non registered TM  is passing off.  A TM is registered in the following way- STEP 1: An application for registration of TM is filed to the registrar. STEP 2 : After filing application, an application number is allotted. STEP 3: The...

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Procedure For Vat Registration

VAT (Value Added Tax) is tax levied on the sale of goods and services when it is ultimately sold to the customers. VAT is levied on the producers and sellers by the Government which is ultimately collected from the customers. It is a multi stage procedure. VAT Registration is mandatory if the turnover of the trader is more than Rs. 10 Lac in Delhi. Procedure for...

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How External Factors may Impact on Upcoming Indian Financial Market

The year of 1991 marked a new beginning of the Indian economy downturn. The earlier rigid model was repealed with the introduction of ‘Globalisation and Privatisation’ in various sectors. The then Finance Ministry, under the leadership of Dr. Manmohan Singh, envisaged the forward-looking step which was approved by the Government under P.V. Narsimha Rao’s leadership. In...

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An Analysis of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015

To steer the attention of public away from the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, the government has decided to shift its focus from foreign black money to domestic black money in the union budget 2016-2017. However, the idea of bringing back the black money seems turning out to be a mirage. The Act, which came into force...

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