The term ‘Company’ is mainly used to represent a business in different aspects. However, at times entities get confused in choosing the suitable class of company for themselves. If you are a business owner or if you are planning to establish one, it becomes essential to have basic knowledge about the classes and categories of…
Equity mutual funds and stock investments are becoming quite popular. Previously, such investments were uncommon; but, with the advancement of technology, the ability to purchase and sell mutual funds and stocks on smartphones is now as simple as ever. As a result, millions of Indians have resorted to mutual funds and stock market investment to…
The Ministry of Corporate Affairs (MCA) issued a circular on May 3, 2021, to provide relaxation in payment of additional fees and extend the dates of filing forms by LLP and Companies without any additional fees. The duration for such relaxation was notified for the time period from April 1, 2021, to May 31, 2021….
The Indian Constitution was adopted by the Constituent Assembly on November 26, 1949. It includes the structure and fundamental codes which signify India as a Republic with an organized democracy. Fundamental rights are a brief section of this framework, which provides security to the citizens and also clarify their duties. Table of Content Abstract Schedules…
A small and medium-sized enterprise (SME) is no different than a large corporation, except that it is one that generates revenues, and assets, and employs fewer people. Small and Medium-Sized Enterprises (SMEs) are defined in every country differently, and each has its own rules and regulations about what constitutes an SME. Table of Content Overview…
The Companies Act 2013 was introduced to incentivize companies to follow the “Jet Set Go” motto, with compliance and transparency being key. Among the diverse issues outlined in this act, there has been a revolution in Related Party Transactions, a term that has made all companies nervous about the complexity surrounding it for many years….
A personal loan is an amount of money that an individual can borrow to use for various purposes. If you require funds to fulfil a personal expense, consolidate debt, ease a liquidity crunch, pay for a medical emergency or any other requirement, a personal loan is an individual’s best and easy choice. Table of Contents …
The companies that are created are governed by the Companies Act, 2013 (Act). It lays out some requirements that the corporation must meet. The threshold limits that the Act specifies, determine whether the applicants under the Act must comply with these requirements. The specific corporation must adhere to the clause in question if it falls…
The introduction of the Depository system in India was to achieve paperless trading in the stock market. The foremost step is to open a Demat account which is short for a dematerialization account. The processes of holding investments like mutual funds, shares, bonds, government securities, etc. There is no difficulty in maintaining physical documents. In…
The Employees’ Provident Fund Organization administers the EPF (Employees’ Provident Fund) retirement benefits plan (EPFO). The employee and the employer both contribute 12% of the base salary and dearness allowance to the EPF system on a monthly basis. EPF is a tax-advantaged investment vehicle that provides substantially higher interest rates. The Employees’ Pension Scheme receives…