MSME’s that is Micro Small and Medium Enterprises is the apex body constituted for making rules, regulations for such enterprises which carry certain criteria’s to fall under the purview of MSME. In the current scenario, the Government of India is encouraging and giving the push to the MSME’s by introducing funding schemes in order to…
Producer refers to any person who is engaged in an activity related to any “Primary Produce” which means produce of farmers arising from agriculture or any other primary activity, producer engaged in any handloom, handicraft and cottage industry, producer who assist or promote any of these primary activities or involve in an activity which is…
On 4th April 2021, the Centre issued an ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs. The Pre-Package Insolvency Resolution Process is aimed at reviving MSMEs by submitting Base Resolution Plan along with the other data by the MSME itself. Since MSMEs are pretty critical for the economy of India, the government considered…
In these developing era of competition, everybody is trying to grow their businesses beyond the limits of national market. However, taking business to global level, there are numerous things that needs to be taken into consideration for commencing an organization and get Import Export code Registration and License. Obtaining the Import-Export code registration is one…
With industrialization at its peak in India and so were its issues, the government of India introduced various laws to regulate them. Under the Companies Act, 2013, the government, on 1st June 2016, on the recommendation of Justice Eradi Committee, established the National Company Law Tribunal (NCLT). It’s a quasi-judicial adjudicating body set up under…
To facilitate and making things easier for the taxpayer, the Government is continuously amending/inserting various provisions of the Goods and Service Tax. Thus the government has developed a new concept of the suspension of GST registration. With the initiation of the suspension of GST registration, taxpayers who have demanded the cancellation of GST registration would…
Trademarks confer a right to use specific shapes, symbols, colors on goods owned by the business. The process of trademark registration requires careful planning and execution. Trademark registration in India requires approval from the registrar of trademarks. However, in certain cases, the registrar objects to the grant of the trademark. This may lead to delays…
INTRODUCTION The 43rd GST council meeting on 28 May, 2021 which was a continuation of the 42nd GST council meeting, which was held on October 12th, 2020. The meeting was conducted to primarily discuss the one agenda item, namely number 9A. This meeting was held (ie,video conferencing) under the chairmanship of Finance Minister Smt. Nirmala…
In this article we will discuss about the new procedure for registration of entities for undertaking CSR Activities, with effect from 1st April 2021 every entity undertaking CSR Activities must register with MCA by filing form CSR-1. In accordance with the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021, company can undertake CSR activities either…
Introduction- As per Companies Act 2013, Sec 2(34) director means a director appointed to the board of company. Thus he is a person appointed to perform the duties and function of the company in accordance with the provisions of Companies Act 2013. As per companies act there is a limit to minimum number of directors…