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….
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…
Companies must file annual reports, quarterly reports, management discussion and analysis, and other filings with authorities and investors. Most businesses prepare these financial reports manually, which means they suffer challenges common to manual processes, such as a high chance of error, extended cycle times, and, most significantly, a lack of a reporting standard. With the…
PF stands for Provident Fund. Similarly, ESI stands for Employees’ State Insurance. The government made these to ensure that the workers are financially secured while they are working and after their retirement. If you are running your own business, you should register for PF/ESI. These schemes help you secure the futures of your employees. In…
The Ministry of Corporate Affairs via notice on January 22, 2021 inserted an explanation under Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014. This notification states that all companies, except the government company, are under an obligation to submit form DPT-3 on a yearly basis for transactions that are not deems deposits, i.e. exempted deposits. …
Before we discuss Labour Laws in India, we must ask, “Who is a labour?” A labourer is a person who does unskilled manual work for a wage. The labour is law is applicable to all employees both skilled and unskilled, however, it’s primary focus is on the unskilled workers that does manual work. Further, the…
Business usually is an occupation or trade where one buys or sells products or services for profit. The term business usually refers to an organization that conducts commercial, industrial or professional activities. However, a business organization can be created for a purpose other than generating profits. In such a case, no part of the organization’s…
The Ministry of Home Affairs (MHA) extended the time limit or due date for filing the FCRA Annual Return in Form FC4 for the fiscal year 2020-21 from 31.12.2021 to 30.06.2022. This extension came almost three months after the due date had passed. Table of Content Rules as per Foreign Contribution (Regulation) Act, 2010 The…
If a company needs money without reducing its equity status, the Company selects a Debentures Issue. It is a debt to the Company. It is similar to borrowing money that needs to be repaid over a while. Debentures have a fixed interest rate. Both organizations and governments often issue debentures to raise funds or capital….