Table of Content Types of Letter of Credit Importance of Letter of credit Element of Letter of credit The Money behind a Letter of Credit When Does Payment Happen? Meaning of terms used to define Letter of Credit Letters of credit are letters that banks issue to verify the credit a business or person has….
Table of Content Who is entrepreneur? Types of Entrepreneurship? Role of Entrepreneurship Entrepreneurship is a process of designing and running a new business with new ideas; often initially it is a small business but after than entrepreneur by its ability skill takes that business at next level. The people who create the businesses are called…
Table of Content What is Goods and Services Tax (GST)? Goods and Services Tax (GST) Returns Types of GST Returns Goods and Services Tax (GST) Returns Due Dates What is Goods and Services Tax (GST)? Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. GST is an…
The Reserve Bank of India has introduced a new reporting form of foreign transactions vide its RBI/2017-18/194 dated A.P (DIR Series) Circular No.30 June 07, 2018 wherein they have integrated all the existing forms into one single structure known as Single Master Form which were earlier reported in the e-biz portal which was later discontinued…
Table of Content Importance of documentation Documentation is essential because: Form and Content of Documentation Standards on Auditing ensure that information provided in the financial statements are of high quality and are acceptable worldwide. The Auditing and Assurance Standards board under the council of Institute of Chartered Accountants (ICAI) have formulated few Standards. These are…
Table of Content Goods Classification Contents of Bill of Entry GST Bills of Entry Import Procedure Types of Bills of Entry It is a document showing the details of goods imported. The custom authorities determine the amount of import duty on this basis. It is important to fill up a bill of entry so that…
Table of Content Purpose of Bills of Lading The importance of a bill of lading in international trade Contents of Bill of lading Types of Bills of Lading Bill of Lading as a Receipt Bill of Lading as a Document of Title Bill of Lading as a Document of Credit A bill of lading is…
Table of Content SECTION 61 Procedure for Increase of Share Capital In a general context an authorized Share Capital means the maximum amount of share capital which a Company can allocate to its shareholders during its life as authorized by its constitutional documents. It can be altered with the permission of the Members of the…
Table of Content Executive Summary Appointment of First Auditor Process of Appointment of First Auditor by BOD along with the Forms to be filed Appointment of Auditor in General Meeting SECTION – 141 (ELIGIBILITY, QUALIFICATIONS AND DISQUALIFICATIONS OF AUDITORS Process of Appointment of Auditor in General Meeting along with the Forms to be filed Companies…
Table of Content Legal Provision for Commencement of Business Attachments of the e-form Additional fee (in case the form is not filed within the time) The Companies which are registered after the commencement of the Companies (Amendment) Ordinance, 2018 in India and is having a share capital shall file a declaration for the commencement of…