As per chapter X of the Companies Act, 2013, which is dealing in Audit and Auditors, An auditor can be an individual who shall be a qualified Chartered Accountant as per CA Act, 1949 or a firm having its majority members as a qualified Chartered Accountant. An auditor is an individual who is trained to […]
MEANING OF A START-UP (as defined by DIPP in its latest notification dated 11th April, 2018) (a) An entity shall be considered as a Startup: Upto a period of seven(7) years from the date of its incorporation/registration (In the case of Start-ups in the biotechnology sector, the period shall be upto ten years from the […]
Whenever a company gives any loan, guarantee or security in favour of any other company or a person it can be termed as inter-corporate loans and guarantee or investment in other company. Inter-corporate guarantee means security or assurance given by one company for debt taken by another company or a person(s). The loan given by […]
Income Tax is a tax paid to the government for the development of our nation in respect of Infrastructure Developments; or any other medical facilities; necessities from the income earned by us. It is a kind of expense we pay to live in the civilized society. There is a prescribed limit of income on which Government […]
In today’s competitive world, when protecting the identity of a business is very tough, it is very crucial to protect distinctive identity of your business and your rights. To distinguish a business from others, Trademark, Patents and Copyrights are used. However, using a trademark does not give you exclusive rights over it unless you register […]
Registering a Private Limited Company may be a very good idea to do business. This would not only help you in limiting your liability but also in carrying out business operations efficiently. However, one should not forget that every coin has two sides. The other side of starting a company is closing it down. What […]
Limit for payment of expenses by cash (Both capital and revenue expenditure) reduced from Rs. 20,000 to Rs. 10,000 per day in aggregate per person. No Person shall receive an amount of Rs. 2,00,000/- or more, by cash (Sec 269ST). For below Rs. 2 crores turnover cases – For Non cash sales (through Digital, Online, […]
Starting a new business is not an easy task. It involves planning, organizing, assessment of resources, considering various business related factors and many other things. You may have an outstanding business idea, but without a proper start, you would not be able to execute it. How to start a business? What would be the first […]
In today’s world, when the world is doing majority of transactions online, website of a company plays a very crucial role in promoting business. It gives the visitors first impression of a company. Therefore, it is imperative to keep the website updated, optimized, properly designed, easily understandable and user friendly. This becomes more important when […]
A letterhead not only provides details about your business but also represents your business to others.Quality of the letterhead says a lot about you and your business. It is a very important branding and marketing tool which should not be ignored at any cost. It should be properly designed, and should contain all the relevant […]