Pankaj Tyagi

NGO is a non-profit, private, and self-governing organization. The scope, size, history, goals, affiliations, and governance portray the character of each NGO. NGO across India play a vital role in the upliftment of the lower strata of society. Empowerment of weaker individuals and providing better support to needy ones is the primary goal of such […]

On Sep 21, 2020, the Lok Sabha passes the Epidemic Diseases Amendment Bill, 2020 to provide protection to the doctors and health workers against the culprits causing a nuisance to them during the COVID 19 pandemic. The bill incorporated the provision for imprisonment for up to 5 years for those who indulge in physical violence […]

The adoption of Indian Accounting Standards has moved our country to the center where transparent financial reporting and high quality prevails. It also makes sure the comparability between the financial statements in pursuant to global accounting standard. It will eventually sync the financial statement to current economic scenarios. While the implementation of Indian Accounting standard […]

Eating house license is one of the essential licenses which are conferred to the establishments classified as an eating house such as restaurants, food trucks, hotel, and food shops. It is usually acquired at the time of commencement of the food business along with other licenses. Eating house is referred to as any premises which […]

The Homeopathy Central Council (Amendment) Bill, 2020 finally get the approval (passed) of the lower house of the parliament on Sep 21, 2020. The Bill was prepared on the ground of amendment made to the Homeopathy Central Council Act, 1973. The Act establishes the Central Council of Homeopathy which primary role is to regulate homeopathic […]

The 42nd GST Council meeting held under the supervision of honorable finance minister Smt Nirmala Sitharaman via video conferencing. The other attendances in the meeting were Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur and other officers of States/UT and ministry of finance.  Read our article:GST Can’t be Imposed on Services […]

Finance and credit are crucial for the prosperity of low and middle-income groups. Unfortunately, the majority of the population that resides in this income group does not have an access to proper banks or financial houses from which they can avail easy credit. Stringent RBI’s guidelines have made these financial institutes inaccessible to these people. […]

Given the ongoing crisis (COVID 19), the Ministry of Corporate Affairs has decided to extend the Company Fresh Start scheme and LLP Settlement Scheme till 31/12/2020. Companies Fresh Start Scheme aims to facilitate a framework for the companies to settle their previous default. The scheme has now extended by the MCA till December 31st, 2020. Company […]

Sole Proprietorship is arguably the most famous business model in India. There are plenty of reasons why upcoming entrepreneurs wish to get started with this business model. Complete authority over the business with no outside interference is probably the primary reason why this business model is so popular in our country. If you wish to […]

The Salaries and Allowances of Ministers (Amendment) Bill, 2020 has been passed by the Rajya Sabha on 18/09/2020 and Lok Sabha on Sep 20, 2020. The Bill regulates the salaries and allowance of the active minister including the PM. The Bill supersedes the Salaries and Allowances of Ministers (Amendment) Ordinance, 2020. Key Highlights of Salaries and […]

Nidhi Scheme is a government-based scheme that primarily focuses on setting up a business with less capital. The scheme renders countless benefits to the individual. But there are some exceptions to this scheme that won’t allow the user to do certain things. Anyone willing to associate with such a business model must have detailed knowledge […]

Prevention of Money Laundering Act, 2002 is an Act that was enacted during the NDA governance for the confiscation of property derived via fraudulent activities including money-laundering. PMLA came into the force from 7/7/2005. The Act imposes several regulations on the financial institutes, banking companies to check the ID of clients, manage records for the […]

MSME is an abbreviated term of the phrase Micro, Small, and Medium Enterprises. MSME companies provide support to the economy of our country to a greater extend. The MSME sector contributes to 50% of India’s Total Exports, 95% of all industrial units of the country, 45% of Total Industrial Employment. The growth of a country heavily […]

As the company thrives, the downsides of the Sole proprietorship could force the business owner to opt for a more flexible business model such as a private limited company. The private company renders a string of advantages over the proprietorship firm including that of ease of investment, constant presence, and so on. In this write-up, […]