Surrender of Director Identification Number (DIN) A Director Identification Number (DIN) is a unique number allotted to an individual who intends to become or who is a director of a Company. Surrender of DIN The Central Government or Regional Director (Northern Region), Delhi or any officer authorised by the Regional Director may, upon being satisfied […]
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government of India. What are the Conditions for eligibility criteria? Under Sec2 (12) of the ESI Act, 1948 any individual working in the non-seasonal factory with […]
Extension of the Annual General Meeting (AGM) for the Financial Year ended 31st March,2020 by MCA Due to the widespread of COVID-19 and social distancing norms and consequential restrictions linked thereto, MCA has received several representations to allow companies to hold their Annual General Meeting for the financial year ended on 31st March, 2020 beyond […]
In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLPs. E-Form […]
Professional Tax Professional Tax is like Income tax but is collected by the State Government. But unlike its name suggests it is not just levied only on professionals. It is a tax on all kinds of professions, trades and employment and levied based on the income of such profession, trade and employment. It is levied […]
Import Export Code (IEC) is a 10 digit code number, which is issued by the Director General of Foreign Trade (DGFT).It is required by any person who is into import/export business in the country. Importers merchant cannot import goods without the Import Export Code and similarly the exporter merchant cannot avail the benefits from DGFT […]
Goods & Services Tax (GST) was launched on 1 July, 2017; it applies to all Indian Services providers like traders, manufacturers. GST is to be charged at every step of the supply chain, with full set-off benefits available. Parts of GST: –Central Goods and Services Tax or CGST -State Goods and Services Tax or SGST […]
The Shops and Establishments Act comes under the authority of the Department of labour and it supervises and administers any establishments wherein any trade, business or profession is carried out. The act keeps a close eye on commercial establishments and also the working of the societies, printing firms, educational institutions and other premises which undertake banking, insurance, and stock or share brokerage.
Appointment and Resignation of Auditor An Auditor is an independent professional person who is qualified to perform an audit; An Auditor is responsible for evaluating the validity and reliability of company’s financial statements. Section 138 to 148 of the Companies Act deal with accounts, audit and auditors, as companies are required to file financial reports […]
A Sole Proprietorship is a business entity is wholly owned and controlled by an individual, it is a good form of business for individuals who want to start small but as business grows it necessitate converting it into some greater form for greater advantages. Many opt for choice of Private Limited Company as it give it a […]
