If you are running your own import-export business then you will have an IEC number. Every person dealing with imports and export has to have an IEC to conduct their business. The IEC (Import Export Code) is a required identifying document for every import/export business in the country. Except under specifically granted exclusions, a company can make…
If you are running your own business, then you must know that bonuses are one of the best motivators. The employees feel that they get rewarded for their work. This can bring very good results for both you and your business. Employee Stock Option Plan is also similar to a bonus. By owning shares of…
Do you wish to do more for society? If you want to help the poor and those in need you can start a charitable trust. Further, you could also create a religious trust. The money in the trust would be used for religious purposes. Similarly, the money in the charitable trusts would be used to…
The word Nidhi means “Treasure”. If you want to start a Nidhi company then Jaipur maybe the best place for you. Today, there are many Non-Banking Finance Companies that have become very popular. Nidhi Companies are there to help our savings habits. Institutions like banks, finance companies; Nidhi Companies, etc are there to help us…
The Annual General Meeting (AGM) is held to facilitate cooperation between the management and the shareholders of the company. It is compulsory under the Companies Act, 2013 to hold an annual general meeting (AGM) to discuss the annual results, the appointment of an auditor, and other discussions. The Company must follow the procedures under the…
A charge in terms of section 2 (16) of the Companies Act 2013 means interest or liability created on the Company’s property or assets or any of its contracts or both as collateral and includes mortgage debt. In simple terms, a charge is financial collateral created by a Company on its assets or property instead…
Director’s Identity Identification Number (DIN) is an ID number assigned by Central Government to persons who intend to become a new company director or existing director. All company directors must have a DIN. The Registrar of Companies (ROCs) may issue a director’s DIN under Section 164 (2) of the Companies Act, 2013. This article talks…
Are you running a company registered under LLP? A new LLP Amendment Act has been introduced in 2021. Further, you should know how it can effect your business. The Act has been in effect since 1st April, 2022. In this article we will discuss, Section wise Impact of LLP (Amendment) Act, 2021. Table of Content…
Nowadays, the incorporation and emergence of new companies have become common. But there are certain existing companies who want to close due to different reasons. The closure of Companies can be by fulfilling some specific documentation and conditions as per law. Section 248 of the companies Act 2013, talks about the Power of Registrar for Removal…
If you have investments in a business and are afraid of losing the investment then you should know about the Insolvency Resolution. The Insolvency and Bankruptcy Code (IBC), 2016 provides a time-bound process to resolve insolvency. The Code outlines separate insolvency resolution processes for individuals, companies and partnership firms. The code aims to protect the…