In today’s era, we all must have heard the term ‘Section 8 Companies’ which are a categorized as Non-Profit Organizations (NPOs) or Non-Governmental Organizations (NGOs).
The introduction of Section 245 of the 2013 Companies Act, which grants shareholders and security holders the ability to bring class action lawsuits, is examined in this essay. The idea of class action lawsuits in its current form was also influenced by analogous provisions in these countries
Nazar na Lagey Mere India ko! Amid global economic challenges, India shines with a resilient economy. Explore India’s growth story, economic indicators, and the positive impact of falling commodity prices. Witness the strength of the Indian economy, poised for significant growth and development in various sectors. #IndiaEconomicGrowth
Opportunity for Public Equity Shareholders after CIRP: A Measure for Protection or Myopia? Explore the proposed framework by SEBI to allow public equity shareholders in listed companies undergoing Corporate Insolvency Resolution Process (CIRP) to acquire shares in the resultant entity.
Advantages of using ChatGPT for Chartered Accountants (CAs) in financial reporting, tax planning, financial planning, auditing, MS Excel automation, and email writing. Enhance your services with AI-powered ChatGPT.
Explore the revolution in goods transportation with the GST E-way Bill system in India. Learn its importance, how to generate one, thresholds, validity periods, and consequences of non-compliance. Navigate the complexities, avoid penalties, and embrace the efficiency, transparency, and accountability offered by this digital document in the logistics industry.
Understand the provisions of Section 44AA(2)(i)&(ii) of the Income Tax Act, which outline the conditions for maintaining books in business and professions. Learn about the differences between existing businesses and newly set up ones and explore suggestions for simplification.
Explore the analysis of SEBI’s consultation paper on high-risk Foreign Portfolio Investors (FPIs), aimed at increasing transparency and addressing concerns of regulatory circumvention. Discover the proposed solutions, challenges in identifying beneficial ownership, and the potential impact on India’s securities market.
Discover the advantages of converting a company into a Limited Liability Partnership (LLP) in India. Learn about the legal framework, prerequisites, and the step-by-step process for conversion. Explore the tax advantages, simplified compliance, and the conditions for transferring assets and liabilities.
Learn about different types of business structures including sole proprietorship, partnership, LLP, private limited company, and Section 8 company, and discover how to choose the right structure that aligns with your startup’s goals and vision.
