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Companies that provide financial services and products but are not formally recognized as banks with a complete banking license are referred to as non-banking financial firms or non-banking financial institutions. A non-banking financial firm is also a corporation whose primary activity is accepting deposits under any plan or arrangement via any channel. Traditional banks have […]
A copyright is a statutory right or privilege granted to the owner, maker, composer, curator, etc., of a literary, artistic, musical, dramatic, or cinematographic work that is granted by the Government. A Copyright signifies and ensures that no person other than the original creator shall be allowed to use or exploit the copyright for the […]
The process of evaluating and investigating how a company’s actions and policies influence the environment is known as “environment due diligence” (EDD) since, if done improperly, these variables might substantially undermine any merger, acquisition, or financial transaction. Therefore, EDD helps these companies evaluate new investments, operations, or projects by detecting potential risks and unanticipated liabilities. […]
When making assessments regarding new property acquisitions, environmental due diligence (EDD), sometimes known as the “ecological audit” of industrial firms, administrative buildings, or undeveloped land plots intended for subsequent projects, is a crucial component. An extensive assessment of a specific property’s potential environmental dangers is the goal of environmental due diligence (EDD). The audit offers […]
There are a number of companies that are registered daily in the country, and some are of the intention of fraud. There have been many frauds reported in recent times even though the company registration rules are so strict. One can take an example of fraud done by Ashtvinayak company in Pune or the AS […]
The Ministry of Electronics and Information Technology (MeitY) announced the Compulsory Registration Scheme in 2012. The order was first approved for fifteen categories of electronic goods, and it was later extended to include more categories and products. For items classified under the CRS, producers are obliged by law to seek BIS certification. Manufacturers of electrical […]
One of the most popular business forms in India is the private limited company, which is a privately controlled organization with limited liability. Its many benefits, which include limited liability protection, simplicity in establishment and upkeep, and position as a separate legal organization, are principally responsible for its appeal. A private limited company needs a […]
Accounts receivable is used to describe the money owing to a business for goods or services that were provided on credit. Imagine it as a short-term note that needs to be repaid quickly between a company and its clients. For example, a lot of cleaning businesses provide credit for routine services. A cleaning service may […]
Biofuels are technology-refined and enhanced fuels that are derived from the biomass of plant and animal refuse. Such feedstock is readily available and effectively used by processing them and channelling their stored energy. Biofuels are considered renewable energy since they can be readily reproduced and processed to make conventional energy products such as biogas and […]
A secretarial audit is a major compliance check that ensures that a company complies with the legislation and economic regulations applicable in India. The law prescribes that businesses must undergo periodic secretarial audits in accordance with Section 204 of the Companies Act of 2013.The significance of secretarial audit is that it aims to guarantee that […]
The “Standard of Weights and Measures Act, 1976” and the “Standards of Weights and Measures (Enforcement) Act, 1985” are replaced by the new statute. The Act’s provisions became operative on April 1, 2011. The Legal Metrology (Packaged) Rules, 2011 cover sold commodities and specify what information on packaged goods is intended to be made for […]
Section 29 of the Central Goods and Services Tax Act, 2017has laid down various grounds for cancellation or suspension of GST Registration. Cancellation of GST Registration indicates that the Taxpayer is no longer registered with the GST Regime, neither is he liable to claim Input Tax Credit for a valid supply of goods and services […]
The Government of India adopted the Legal Metrology Act to control weights and measures to guarantee precision and transparency in trade and business. It seeks to protect consumer interests by regulating trade activities related to weights and measures through the establishment and enforcement of measurement standards. The Registration under the Legal Metrology Act aims to […]
The implementation of the Goods and Services Tax (GST) in India has had a substantial influence on how new businesses are founded and operated in the country. GST was introduced in the country with a motto of ‘one nation, one tax’. As you plan your new entity, keep in mind that GST registration for startups […]