The Ministry of Corporate Affairs (MCA) has changed the laws that regulate Nidhi companies, making prior declaration essential for some entities before they begin taking deposits. Before taking deposits, public enterprises wishing to operate as Nidhi’s must acquire a prior declaration from the federal government. In this article we’ll talk about Nidhi Company Amendment Rules…
The Ministry of Corporate Affairs (MCA) has changed the law governing the strike-off of Limited Liability Partnerships (LLPs). Because the consequences for failing to file any statutory return are fairly severe, it is prudent for inactive LLPs to close their doors. They can avoid fines by filing applicable forms, and they won’t have to file…
Are you planning to start your own company? There are things that you need to file regularly to the government. What are these mandatory filings? How do you ensure that your business is run according to the guidelines of the government? How can you protect your business from audits? In this article, we will discuss…
After starting your own business are you having problems keeping tabs on all the salaries that you pay? With basic salary, bonus, TDS, PF, ESI, etc it can get really complicated quickly. This is where salary outsourcing services can help you, also known as, Salary Management. You can handover the time-consuming responsibility of managing your…
Did you register your company, but somehow the business does not take off? Then what are the safeguards there to protect you? How can you protect yourself from the problems? What are the ways by which you can strike off your company? It is common for a business idea to not take off. Further, you…
External Commercial Borrowings (ECB) is borrowings taken by an eligible entity in India for commercial purposes from any recognised entity outside India. Debt financing has long been a preferred source of funding for business due to intrinsic benefits such as security creation, minimum assured returns, and tax efficiency for both the lender and the borrower….
Many of us have come across terms like Cost to Company (CTC), Gross Earnings, take home pay, net payout, and so on while working for a company or applying for a job. If you are an entrepreneur, you must have said something similar to your employee. There has always been a disparity between the CTC…
As we use our Aadhaar numbers more and more to link everything that we use. Our Aadhaar cards hold all of our essential details. The leak of these details could really jeopardise our daily lives. With the most recent high-profile case of Paytm. Where Bloomberg reported that Paytm may be sending their user’s data to…
In each company, there are two types of shares: Equity Shares or Common Stock and Preference Shares or Preferred Stock. Equity Shareholders are regarded as the true owners of the company since they have voting rights, although preference shareholders do not have voting rights on all resolutions under normal circumstances. However, if a dividend on…
The Crypto Businesses in India are booming. In the present day, it’s almost impossible to live our daily lives and not come across advertisements for something that is related to Cryptocurrencies. Some call it a bubble some call it the future. It has become one of the fastest-growing industries. Do you also want to start…