What is GST in India?
What is GST? GST is known as the Goods and Services Tax. It is levied by the government to replace many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST was passed in the Parliament…
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What are the Registration Applicable in case of a proprietorship firms?
A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own. A sole proprietorship does not…
Shop and Establishment Act Registration in India
The Shops and Establishments Act regulates all the shops and commercial establishments operating within the state. This Act was enacted to improve the management of working conditions and employment in shops, commercial establishments, restaurants, dining establishments, hotels, theatres, and other public…
Union Budget 2023 Key Highlights
Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday. It is likely to be the last full-fledged Budget of the Narendra Modi government before the 2024 Lok Sabha elections early next year. The government has announced…
Gumasta License: Objective, Advantage, Document required, Registration Process
What is Gumasta License? The Gumasta license is a business license issued by the Maharashtra government to individuals or businesses who wish to operate in the state. The Shop and Establishment Act is called Gumasta in the regional language in Maharashtra. It…
What is a Proprietorship Firm? How to start it?
What is a Sole Proprietorship? A sole proprietorship is one of the most common and oldest forms of business in India. It is a single-person establishment wherein an individual owns, manages, controls, implements, and executes his/her business on their own.…
Nidhi Company Rules under Companies Act, 2013
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
General Restrictions or Prohibitions on Nidhi Company
A Nidhi Company is a company registered under Section 406 of Companies Act, 2013. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders. It is registered as a public company and…
What is a Nidhi Company under Companies Act 2013
What is a Nidhi Company? Nidhi Company is an NBFC (Non-Banking Financial Company). A Nidhi Company is a non-banking financial entity registered under the Companies Act 2013 with the predominant objective of cultivating the habit of thrift and savings amongst its…
Quorum for the Board Meeting under Companies Act 2013
The quorum for the Board Meeting refers to the minimum number of members of the Board to conduct a valid Board Meeting. According to Section 174 of Companies Act, 2013, the minimum number of members of the board required for…