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…
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 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.…
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…
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? 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…
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…
What is Board Meetings? A board meeting is a formal periodic gathering of a board of directors to review performance, consider policy issues, address major problems and perform the legal business of the board. Presided over by a chairperson of…
According to section 139(6) of Companies Act 2013, a Private Limited company has to appoint its first auditor within 30 days from the date of incorporation in the first board meeting. If the board of directors are not able / failed…
Introduction A Board Meeting is a formal gathering of all the directors of the company to discuss various matters. Board meetings are meetings at the highest level where board members or their representatives are present. The board of directors act…