What is an Escrow? An Escrow is a legal concept describing a financial arrangement for a third party to hold the assets of a transaction temporarily. Escrow refers to a financial agreement where a neutral third party holds assets or funds before they…
The central government has launched the PAN 2.0 project, revising the country’s current permanent account number (PAN) system. This project aims to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient.…
MGT-7 /7A is an e-Form for filing annual return by a company. It is mandatory for every company registered under the Companies Act, 2013 to file their Annual Return (Form MGT-7/7A) with the Registrar of Companies (ROC) within the due date…
Union Finance Minister Nirmala Sitharaman presented the Union Budget the one for the forthcoming financial year (2024-25). The budget lays out the government’s spending plans for the first half of the upcoming fiscal year. Here are the key highlights of Tax Reforms…
Recently, the Bihar government has launched the Bihar Laghu Udyami Yojana 2024 to provide financial assistance of ₹2 lakh to poor families to create self-employment opportunities. Applicants will be selected through the computer lottery system. This scheme will prove effective in making…
Ministry of Corporate Affairs (MCA) vide notification dated 27th October 2023 has made dematerialisation of securities mandatory for private companies expect small companies and issue of dematerialised shares against share warrants by all public companies. The amendment is applicable to…
What is angel tax for startups ? Angel Tax is a term basically used to refer to the income tax payable on the capital raised by unlisted companies via the issue of shares through off-market transactions. To operate an early-stage…
The Startup India campaign aims to promote bank financing, simplifying the process of incorporation of the startups and grant Startup tax exemption and incentives to startups. The tax exemptions and benefits are available to startups only if they fulfill the…
Bihar Startup Policy aims to support startups by seed funding as well as matching grants to increase their viability. The state government of Bihar provides entrepreneurs with interest-free seed money of Rs 10 lakh for a term of 10 years…
To boost the Startup ecosystem in India, Shri Piyush Goyal, Honourable Cabinet Minister for Railways, Commerce and Industry, Consumer Affairs, Food and Public Distribution launched the Startup India Seed Fund Scheme on 19th April 2021. The Startup India Seed Fund Scheme is a government…