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The NSIC Registration is beneficial for those businesses which come under the category of Micro, Small and Medium Enterprises. NSIC Registration is provided under various schemes, focusing on one section of enterprise at once. By obtaining NSIC Registration, these enterprises enjoy the advantage in tender participation, easily promoting their products, and are exempted from Earnest Money Deposit […]
Unlike ISO or ISI, CE Certification is not a quality marking. The purpose of the CE Marking is to ensure and maintain EU health, safety and environmental protection legislation. Furthermore, it is the responsibility of the manufacturer to verify that the products comply with the CE or European Conformity before placing them in the market. […]
Professional Tax is the tax implied by the State government on all the types of trade and professions in India. Under Clause (2) of Article 276[1] of the Constitution of India, the Professional tax is deducted by the employer from the salaries of the employee every month. This tax is remitted to the respective state government under […]
Limited Liability Partnership in India is a form of business entity in which partners are not liable for each other’s ill actions. Also, the firm does not have to suffer due to such actions. LLP is a form of business entity in India which is very easy to incorporate and maintain. LLP is an ideal […]
The full form of TDS is Tax Deducted at Source, i.e. tax deducted by assesses like employers, contractors promoters or any other person making any payment to any other person. TDS Returns Filing is compulsory for everyone making any payment to its employees, freelancers, etc. This article covers all the aspects of TDS returns filing like its procedure, […]
The LLP and Partnership Firm are business entities which are incorporated or brought into existence by two or more people who come together to form an entity. These people are called partners. Furthermore, the profits and loss of these firms are distributed between the partners of the firm as per the agreement made between them. […]
A society is a group of individuals who voluntarily come together to govern and act cooperatively for some communal and charitable purpose. The primary purpose of Society Registration is the advancement of charitable activities like music, culture, sports, art, education etc. The registration of a society is done under the Society Registration Act, which has […]
Trademark is a type of intellectual property that consists of designs, recognizable sign, expressions so that you can distinguish it from your competitors. It is one of the ways by which you can prevent your ideas and thoughts from being stolen. You can register for a trademark under the Trademark Act, 1991. In India, the […]
IEC stands for Importer and Exporter code. If any individual or company is indulged in the business of import and export, obtaining IEC code is mandatory. It’s a unique ten-digit code issued by Director General of Foreign Trade, Ministry of Commerce (DGFT). In this article, we shall solve the query on how to obtain IEC […]
Audits are a necessary element in the functioning of any company and also for NBFCs. Every NBFC must conduct checks to ensure compliance of all prescribed norms and avoid any penalties. Also, NBFCs need to obtain the certificate from Statutory Auditor that they are engaged in non-banking financial institutions holding a Certificate of NBFC Registration under Section […]