The Karnataka HC has upheld the laws that permit concurrent levy of GST, excise duty, & the NCCD on tobacco products. Justice S. Sunil Dutt rendered the judgment while dismissing the petitions filed by several tobacco manufacturers, including V.S products. The constitutional validity of Section 174 of the GST Act, 2017 was challenged by the […]
At an interactive session conducted by Merchants’ Chamber of Commerce and Industry (MCCI), Rajiva Sinha, the chairman of West Bengal Industrial Development Corporation, has urged the state-based MSMEs to opt for IPR and quality certification. This would aid MSMEs to ensure widespread market reach and attain improved recognition in a given marketplace. Recommendations made by […]
Red herring Prospectus refers to a prospectus that does not enclose entire details of the quantum or price of the securities entailed therein. In layman terms, a red herring prospectus encloses most of the details regarding the company’s business affairs and future prospects but does not enclose critical share information such as its numbers or […]
Central Government has revised the entire structure relating to the additional fees applicable for delay form filing. The government has done the said amendment in view of the powers granted by the 396, 398, 399, 403 & 404 with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013). The […]
Tax depreciation refers to a depreciation expense claimed by a person on the tax return to compensate for the loss of the tangible assets utilized in income-reaping undertakings. Identical to accounting depreciation, the tax depreciation allocates depreciation over multiple periods. Therefore, the value of tax of depreciable assets slowly decreases over their useful lives. The […]
A shelf prospectus refers to a type of prospectus released by the company making various bond issues for raising funds. It primarily serves as an advertisement, notice, or any other document inviting the masses to subscribe for securities. Significance of Shelf Prospectus for Public Ltd Company It is mandatory for public limited companies to release […]
Before you buy anything, what comes to your mind is can you trust the product or the producer company. Is there any criterion by which one can estimate the level of quality of the product to be bought? If there is some criterion of estimation then, who decides these criteria? How can the user trust […]
A copyright society refers to a society that comprises authors and other copyright owners of works where there is collective management of copyrights in addition to the apt administration and protection of copyrights. One of the core functions of such a society is to administer & regulate the grant of licenses and collections of royalties […]
To maintain the safety rules and to avoid the fire accidents that usually happen in commercial buildings, office premises, in fact, in the residential building, A Fire NOC is a must. As we all know, A Fire accident can harm people, damage property, vehicles, and personal injuries and loss. To avoid the contingencies, it’s of […]
A descriptive plan that defines what actions must be completed to attain a given goal is known as an action plan. The purpose of developing a CPCB action plan is to specify what measures must be taken in order to achieve the set goal. The CPCB Action Plan also aids in the creation of a […]
XBRL refers to the data-rich language of XML, the standard dialect for transmitting data via the internet. It was developed to share information between companies and other users of finance-related information such as investors, analysts, and regulators. XBRL facilitates a common, digital format for business reporting. It does not alter or modify what is being […]
RCMC certificate is a legal document granted by the export promotion council mentioned under the Foreign Trade Policy. It serves as a certificate that legalizes exporters involved with the products registered with authority or agency of the government. Under the FTP, exporters are mandated to register with respective export promotion council mentioning their core business. […]
RoC returns refer to an annual return of a company that should be filed in a timely manner with the MCA each year. All companies under MCA are mandated to disclose their financial report with RoC on annual basis. This is similar to income tax return filing with the IT department. According to the Companies […]
Starting a winning business can be an overwhelming experience for any entrepreneur or start-ups. Similarly, identifying a viable venture for a new business can be equally perplexing. In this write-up, you would come across some popular automobile business ideas that seek low to moderate investment and ensure good ROI. But before we explore the popular […]
