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Individuals who reap income by any means ought to pay income tax without any exception. Since it is a mandatory requirement, skipping it could lure significant penalties. The government has revamped the process of making tax returns. Now it is a lot simpler and less tiresome as compared to the preceding version. There are ample […]
MSME registration is a government- oriented scheme to be availed by micro, small and medium-sized enterprises. These entities are accountable for the economic growth of the company. In simple terms, the economic growth of the company and MSMEs growth are inter-related. The MSME registration can be done on the online portal known as “Udyam registration”. […]
The Indian Medicine Central Council (Amendment) Bill, 2020 was introduced in the upper house of Parliament on 14-Sep-2020. The bill was drafted by amending the Indian Medicine Central Council Act, 1970. The Bill aims to regulate the practice and education of the Indian Medicine System which also includes Naturopathy, Ayueveda, and Yoga. The Bill supersedes the Indian […]
Choosing the right insurance plan won’t be an easy undertaking for the customer, particularly when the market is already flooded with plenty of options. This is where Insurance Broker comes into the picture. An insurance Broker dealt with the selling of insurance plans of the company to the customers. They usually represent themselves as an […]
Imposing taxes on the services is perhaps the most convenient way for the government to generate revenue and “doctrine of divide & rule” help them a lot. The modern taxation system is refined and has a very little margin of error or vagueness in it which eventually led the authorities and governments to overcome conflicts […]
Eating House License is one the mandatory license which is required to run food businesses in India. Hotel and restaurant usually obtained this license right at the time of commencement of business. In this write-up, we will cover and explain the document required for eating house license in India. Before we get started with the main topic, […]
In India, Section 8 Company is governed by the Companies Act, 2013 and it is managed by MCA, GOI via offices of Registrar of companies (ROC). The company incorporation rules and procedures heavily depend on the classification of the company that is to be incorporated. Formerly, Section 8 companies are regarded as Section 25 Company […]
The NBFC P2P lenders, which provide direct lending and borrowing via digitally-driven platform have seen a constant surge in business growth in the middle of the credit crisis across NBFCs. While P2P lenders’ activities are governed by RBI, the regulator keeps the lending data safe from being exposed to the general public. In this blog, […]
P2P lending is a digitally-driven platform that allows the credit seekers to obtain loans from potential lenders in the absence of the intermediary. Peer to Peer lending linked the borrowers to lenders in no time. It forms a connection between the credit seekers who want unsecured loans and investors who wish to lend their fund […]
In the P2P platforms, individuals both borrow as well as lend from each other. Typically, borrowers who are incapable to obtain funding from a financial institute mostly due to inadequate credit score opts for these platforms. When in need of some credit, be it due to some urgency or to buy the car that you were […]
The Peer-to-peer (P2P) is an online-based platform that aims to fill the gap between individuals who can lend and those who seek credit without collateral. The major transition of this industry occurs about two years back in the form of Reserve bank regulations which permits high-end investors to lend money to borrowers with a compromised […]
A co-operative society is formed by the mutual consent of individuals that comes from the same class of society. Instead of working for public welfare like NGOs, these societies are dedicated to benefits its members only. The members of the co-operative society work as a cohesive unit to eliminate capitalist exploitation and to improve their […]
The NBFC-Peer to Peer lending platform is an NBFC which engaged in the business of loan facilitation through an online platform. Both borrowers and lenders can approach to their portal and avail the services. This type of NBFC is not permitted to deposit, accept, or lend on its own. It moderates the connection between borrowers […]
MCA has stretch out the timeline for the inclusion of Name of Independent director in Data bank. The Ministry of Corporate Affairs (also known as MCA) decided to offer a 3-month time extension to the independent director to include their name in Data Bank. The Ministry of Corporate Affairs has notified the Companies Fourth Amendment […]