A partnership agreement is a necessity if you’re opening a business with another person. The agreement serves two purposes: it creates a legal document that provides for the rights and responsibilities of each partner and it provides you with legal recognition from the state, allowing you to do business. 1. Create a partnership agreement. In […]
Article explains What is Inward Remittances, Procedure of Inward Remittance, Other things to be kept in Mind related to Inward Remittances and Bank Charges for Inward Remittance. What is Inward Remittances Inward Remittance is used for remittance from Overseas Bank to Domestic Bank. Inward Remittance can be against Export of Goods/ Services, Investment purpose, Donations, […]
MSME stands for Micro, Small and Medium Enterprises. Article explains What are Micro, Small and Medium Enterprise, MSME Registration Process, Benefits of MSME Registration, Time Taken for MSME Registration, Validity of MSME Registration, Time for Updating MSME Registration and also contains FAQ’s on MSME Registration. What are Micro, Small and Medium Enterprise? MSME are classified […]
Applicability of the ESI scheme The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21,000 are covered under the scheme. Whether the employer has employed 10 or more employees, all […]
COMMENCEMENT OF BUSINESS CERTIFICATE The Ministry of Corporate Affairs has re-introduced the concept of commencement of business certificate. Under the newly introduced The Companies (Amendment) Ordinance 2018, all companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital is required to obtain commencement of business certificate before commencing any business […]
CARO 2016 is applicable from FY 2015-16 and the matters specified therein shall be included in each report made by the auditor under Section 143 of the Companies Act, 2013 on the account of every company to which CARO 2016 applies. Section 143 (11) of the Act stipulates that the Central Government may order for […]
