India is now becoming a hub for start-ups over recent years due to high growth rates and other factors. Many entrepreneurs like to invest in information technology, finance, software, and other sectors to earn more money. The number is likely to increase in the future due to the availability of high manpower and government policies. […]
Are you starting your own Business? keep in mind The 9 Points of Business Plan If Yes! Have you drafted a Business Plan yet? Wanted to share with you that 80% of startups failures are due to lack of planning for their business.So.. How is that you are planning your startup success. Before you step […]
The Finance Minister, Smt. Nirmala Seetharaman presented the second digital union budget 2022-2023 on 1st February 2022. Accordingly, clauses 99 to 123 covered the proposed GST amendments. It is important to note that amendments proposed vide clause 99 to clause 113 will be effective from the date to be notified. Whereas, amendments proposed vide clause 114 […]
By registering a company start-ups enjoy various benefits as it offers them an advantage over those who have not registered. The process of registering a company may be complex for some as it involves different compliances. Application for DSC (Digital Signature Certification) The first step in making an application for company registration is applying for […]
Running a startup is not easy. Especially when you are the only founder, overseeing business processes like sales & marketing, quality & product/service delivery, product development, accounting & technology, and administrative (management, HR & Finance) becomes very hard. However, having a co-founder with high compatibility, knowledge, personality, behaviour, and vision, solo founders can accelerate the […]
Business Valuation – Businesses require money to survive and grow. And raising funds is somehow an unavoidable part of the business journey. To establish and grow a scalable business, startups usually go through multiple funding rounds. Though the right amount of funding is important, the timing of funds is also very important. If you delay the […]
The CBIC issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020, via Notification No. 94/2020-Central Tax, dated December 22, 2020, revising Rule 9 of the Central Goods and Services Rules, 2017 (“CGST Rules”). Amended Rule 9 of the CGST Rules, now reads as under w.e.f. 22nd December 2020: “9. Verification of the application and approval.- […]
A company is an artificial person registered under the Companies Act, 2013 or any other previous company law which is managed and controlled by the Directors /officers of the company. A director can be resident director as well as foreign director. In company number of persons contribute the amount in terms of share capital and […]
A Private Limited Company enjoys an identity separate from its Directors. Thus, in order to maintain its active status, every business is required to file annual compliances for a private limited company with the Ministry of Corporate Affairs (MCA). Since the inception of the Companies Act in 1956, the scope of private limited companies has […]
Trademarks offer a variety of benefits to consumers and producers and are very important. The law too offers protection for them Every company realises the importance of trademarks and will go to considerable lengths to protect what is their intellectual property. They register the trademarks with the local patent office – in India, this is done by […]
Listening to good music is the best way to treat yourself and if the device you are listening on is a boAt device, it is indeed icing on the cake. Such has been the revolution of this lifestyle brand which provides us affordable, stylish, and good quality consumer electronics. The brand offers us a range of […]
An entrepreneur struggles for capital that can enable him to successfully realize his idea. For any entrepreneur, a great business is one that is not capital intensive. There are many small business ideas that require very less investment. These ideas, if executed well, can ensure that the business flourishes and is profitable. A business idea […]
A tax return is a statement of earnings, deductions, and other pertinent financial data. Similar to personal tax returns, business tax returns must be filed annually and include supplementary TDS filings for firms. A statement of the earnings and expenses is included in this return. It contains data on fixed assets, loans taken out and […]
After failing to come to an agreement on Tuesday, the state finance ministers’ group that was trying to include online gambling and casinos in the GST resolved to finish its report by August 10. According to officials, the Group of Ministers (GoM) convened virtually on Tuesday to explore different strategies for taxing casinos, horse racing, […]
A Corporate Identification Number, represented by the acronym CIN, is a special alpha-numeric code given to each company that has been registered in India by the Registrar of Companies (ROC). The CIN must be included by all the companies on all Ministry of Corporate Affairs (MCA) papers, notably audits and reports. All One Person Companies, Private Limited […]
An NGO (non-governmental organization). These non-profit organizations work independently and are not controlled by the government. The motive of NGOs is to serve the nation for any social or political issue. But they are funded by the government group of people and even foreign companies, and some NGOs rely heavily upon the government for funding.A […]
Each year, the contribution of Indian startups and MSMEs to the Indian economy is increasing significantly. There are about 6.3 crore MSMEs in India, contributing about 29 per cent to the Indian GDP. Providing employment opportunities to many, government-registered Indian startups have created up to 6.5 lakh jobs in the country. And to help MSMEs […]
What is DIR3- KYC ? Every individual who has been allotted a Director Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th April of immediate next financial year. Since it’s a recent introduction, there has been a […]
A Section 8 Company is basically a company formed under the plan of the 2013 Companies Act with the purpose of promoting science, art, research, religion, commerce, environmental protection, charity, education, sports, or any other object, with the condition that the gains be used to advance the objective. As a result, in this article, we […]
Since this year has begun, we all have been hearing only success stories of Indian startups. Spellbound by the number of Indian startup unicorns, we tend to ignore the startups that promised and projected industry disruption but had failed to leave a mark and shut down. Had the scenario really been this good, there wouldn’t […]
What is Copyright Disclaimer Under Section 107? Copyright Disclaimer Under Section 107 states that under specific conditions, unauthorised use of material that is copyrighted is permitted when this use falls in the category of being ‘fair’. Under the Copyright Disclaimer under Section 107 of the Copyright Act 1976, there is an allowance for ‘fair use’ of copyrighted material for […]
By registering a company start-ups enjoy various benefits as it offers them an advantage over those who have not registered. The process of registering a company may be complex for some as it involves different compliances. Below we have discussed the process of company registration: Application for DSC (Digital Signature Certification) The first step in […]
Benefits of A Digital Transformation in Business 1. Enhanced Data Collection Most organizations accumulate mountains of data about their consumers, but the true benefit comes from analyzing that data to drive the company ahead. Digital transformation creates a method for acquiring the relevant data and properly integrating it for higher-level business insight. It establishes a […]
In India, most upcoming entrepreneurs opt to start a private limited company rather than any other type of company. This is because it has many advantages, such as the operations of the company can be closely held by them as well as the fact that the liability arising from the company itself is limited in […]
With the ferocious competition in the worldwide market, novel thought and ideas have to consider as an essential & significant asset for any economic activity to succeed and flourish. These novel thoughts are considered as an intangible asset under the regime of IPR. It increases the commercial cost of the business by expressing creativity. The […]
In India, most upcoming entrepreneurs opt to start a private limited company rather than any other type of company. This is because it has many advantages, such as the operations of the company can be closely held by them as well as the fact that the liability arising from the company itself is limited in […]
As you know that filing of income tax return is very important and according to rules and regulation of income tax act you have to file your income tax return for every financial year. In case if you fails in filing of income tax return then don’t worry you can file your income tax return […]
India has established itself as an emerging market in the world attracting investors from various countries. India owes a huge part of this growth to the micro, small and medium enterprises (MSMEs) sector. The MSME sector contributes over 40% of the total GDP and remains a critical source of employment. MSMEs are the backbone of […]
Day-by-day, the growth of the eCommerce market in India is expanding as it attracts lots of retailers to have an online store to boost their business worldwide. We all know that India is the second-most populous country in the world, and it is the home of 1.2 billion people. It is true that India’s per-capita […]
Apart from skilled employees and efficient processes, your financial habits also influence your business’ growth. Since there’s always scope for improvement, we recommend revisiting the way you look at your business’ finances. Here’s a look at 4 habits to implement so that your financial practices lead to business growth. 1.Review your finances regularly As a […]
Finding and securing potential investors for your startup can be crucial for the success of your company. Learning a few proven strategies can help you accomplish this goal. In this article, we discuss the benefits of securing investors for a startup, provide steps on how to find investors and offer tips for networking with potential […]
Startups in India have grown remarkably over the years. Supported by favourable demographics, increased startup investors, government initiatives and increasing mobile penetration, India now has the 3rd largest startup ecosystem in the world. Though still young, the Indian startup ecosystem is maturing, with the entrepreneurs beating all odds to keep their startups growing. Pandemic tested the mettle of Indian […]
Well, to give you a head start for 2022, we have compiled a comprehensive GST Compliance Calendar. This GST compliance calendar has all the GST Compliance Due dates for January, February, and March 2022 so that you never miss a due date! Specified State and UT List for GSTR-3B Quarterly Filers But before listing down the GST compliance calendar, […]
India saw a slew of changes in its corporate regime with the amendment in Companies Act. The introduction of the Startup India initiative by the Government of India is a major milestone. The benefits of startup India program are many and has been crucial in the growth of entrepreneurship culture in India. It is an opportunity for […]
Introduction Trademarks are one of the most important intellectual property rights as they help the customers identify and distinguish between the products of one company from others. This is why a company with an established trademark will do anything to protect it from being copied by competitors. Trademark wars are cases wherein a company uses […]
Many Entrepreneurs starting a new business are curious and confused about thedifference between a Private Limited Company (Pvt Ltd) vs Limited Liability Partnership (LLP). Both entities offer many similar features required to run a small to large sized business, while they also differ in certain aspects. In this article, We will compare Private Limited Company […]
In general, a Private Limited Company is regarded as a privately-held business entity. Such entities are managed by private stakeholders. The liability arrangement in a Pvt. Ltd. company is not as stringent as LLP or sole proprietorship business model wherein business assets are at risk in case of a fiscal crisis. Indeed, stakeholders in a […]
Introduction Taxation is an essential aspect of any economy as it provides the necessary revenue for the government to carry out its functions effectively. In many countries, including India, the tax system can be complex and burdensome for small businesses and professionals. To address this issue, presumptive taxation has been introduced as a simplified method […]
How to Pay Your Income Tax Online with Challan 280? Introduction Paying income tax is an essential responsibility for individuals and businesses. With the advancement of technology, the process of tax payment has become more convenient and efficient. In India, taxpayers can pay their income tax online using Challan 280. This article provides a step-by-step […]
Farmer Producer Company in India Under Companies Act, 2013 Introduction: The establishment of Farmer Producer Companies (FPCs) in India under the Companies Act, 2013 has provided a significant impetus to the agricultural sector. FPCs are unique cooperative organizations that empower farmers by enabling collective decision-making and enhancing their bargaining power. This article aims to explore […]
Private Limited Company Registration – Process & Documents Required Starting a business as a private limited company is a popular choice among entrepreneurs due to its numerous benefits, including limited liability protection, ease of raising funds, and scalability. If you are considering registering your company as a private limited company, it is essential to understand […]
Authorized share capital, also known as authorized capital, is the maximum number of shares that a company can issue to its shareholders. It is a limit set by the company’s articles of association and represents the total value of the company’s shares. Increasing the authorized share capital allows the company to issue more shares in […]
Introduction: ISO (International Organization for Standardization) certifications play a crucial role in enhancing the credibility, quality, and competitiveness of businesses in India. With a wide range of ISO certifications available, it is essential for organizations to identify the most suitable certification for their specific needs. This article aims to highlight some of the best ISO […]
Introduction Patent registration is a crucial step in safeguarding intellectual property rights and promoting innovation. In India, the process of patent registration is governed by the Patents Act, of 1970, and administered by the Indian Patent Office. This article explores the various aspects of patent registration services in India, including the importance of patents, the […]
Introduction Copyright registration is an important step in protecting creative works and ensuring the rights of creators are safeguarded. This article explores the process and procedure of copyright registration, highlighting its significance, the requirements for registration, the steps involved, and the benefits of obtaining copyright protection. Importance of Copyright Registration Copyright registration serves as evidence […]
Choosing the Right Business Entity for Your Startup: Factors to Consider Introduction Selecting the appropriate business entity is a crucial decision when starting a new venture. The choice of entity impacts various aspects of the business, including liability, taxation, governance, and flexibility. This comprehensive guide will outline key factors to consider when choosing a business […]
Common Mistakes to Avoid in Income Tax Filing for Small Businesses Introduction Filing income tax returns can be a complex and daunting task for small business owners. However, it is crucial to file taxes accurately and on time to avoid penalties and ensure compliance with tax regulations. Many small business owners unknowingly make mistakes during […]