Soumya Bajpai

A patent is a document legally authorised by the government in order to provide the exclusive rights to the inventor for the purpose of making, using and selling the invention. The patent in India encourages the inventors by awarding exclusive rights for a specified number of the years. Patents are available for the new inventions […]

RERA stands for the Real Estate (Regulation and Development) Act, 2016, which is introduced for the benefits of the buyers. RERA registration has provided safety to buyers against the builders. The Consumers earlier had an option to make a complaint before NCDRC (National Consumer Dispute Redressal Commission). Now, after the implementation of the RERA Act […]

Are you looking for the solution to find out what the last date for filing of GSTR-3B returns is? If yes, then this is the right page you landed on. The article is describing all about GSTR-3B and how can you file the returns in a Staggered Manner. Before moving further, you should learn about […]

The EPF stands for Employees Provident Fund, GPF stands for General Provident Fund, and the PPF stands for Public Provident Fund. All these provident funds are the saving schemes categorically divided according to its name. The GPF is available for the government employees on contrary to that EPF is available to employees working in private […]

The Goods and Services Tax Act (GST) is introduced as a single tax in the year 2017 all over the nation. It has ensured the legal requirements of small and large scale businesses which are expressly specified in the Act. However, the non-compliances of the provisions have the penalties mentioned in the GST act itself. […]

The winding-up of a company or company’s liquidation takes place when the company is in loss and has to pay off all the debts to the creditors. The winding-up of a company is a process in which assets of the company has to be sold in order to make the remaining payment. The company, after […]

The company is a legal person who needs a natural person for managing, controlling, directing and overseeing the affairs of the company. In a Private Limited company, the board of directors can appoint or elect one person or more than one person as a director who implements and determines the policies of the company the Appointment […]

ISO stands for International Standards Organization which approves the safety, efficiency and quality of the products and maintains standards for the businesses. ISO is an independent organisation which has developed the standards like ISO 9001 and ISO 14001etc, but this organisation does not issue any certificates to a particular company. However CASCO[1] the committee of ISO on Conformity Assessment […]

Progressive growth is a sign of a developing Nation, a country like India has marked up its position in the world by growing its economy. This growth is observed more after the implementation of the new act for the taxation in 2017 named as GST (Goods and Services Tax) Act (Applicable from 1st July 2017). The components of […]

Non-Banking Financial Company (NBFC) is financial institution that does not have a banking license but can offer financial products and services to customers. NBFC Registration is primarily concerned with loans and advances, acquisition of shares, hire-purchase, finance leasing, chit fund, etc. An NBFC must be different from a bank in ways like an NBFC cannot accept savings […]

Everything requires proper management so that it can function correctly. The same thing goes for a Private Limited Company, and hence we have Directors who are responsible for the management of the company. Directors are the one who promotes the success of the business and benefit to its shareholders. The shareholders elect the director of a […]

Section 45-IA of the RBI Act, 1934, Non-banking Financial Company cannot commence or carry on business of a non-banking financial institution without obtaining a certificate of NBFC registration from the RBI and without having a Net Owned Funds of ₹ 2 crore since April 1999. However, in terms of the powers NBFC compliances are regulated […]

In this situation, if the legal heir or legal representative or successor of a deceased person does not intend to continue a business, even then, he has some liabilities under GST law, which he has to fulfill or complied under Goods and services tax. Liabilities under GST in case of death In case the taxable person […]

Salaried individual is an individual or the taxpayer that comes under the head of income from salary according to the Income Tax act. Any Individual or businessman that comes under the purview of tax submits their Income Declarations form and submit the requisite documents. Although, it seems very easy but submitting income tax forms requires professional […]