Essential Tips for First-Time Entrepreneurs Starting a Business in India

March 5, 2023

Starting a business in India can be an exciting and rewarding experience. However, it can also be a challenging and complex process. Here is a step-by-step guide to help you start a business in India. Step 1: Identify the type of business you want to start The first step in starting a business is to […]

A Comprehensive Guide to Starting a Business in India

March 5, 2023

Want to start a business in India but don’t know where to begin? This comprehensive guide is everything you need to transform your idea into a successful venture. Starting a business in India can be both challenging and rewarding. With a population of over 1.3 billion people, India offers a vast market for goods and […]

Company Formation in India-Steps and Timeline

February 20, 2023

India is a land of immense opportunities, and it is no wonder that many entrepreneurs are looking to start a business here. However, starting a company in India can be a bit challenging, as there are several legal and regulatory hurdles to overcome. In this article, we will take a look at the steps involved […]

Consideration of Section 192 vs Section 194 J while drafting Employment Contract

January 27, 2023

Section 192 of the Income Tax Act of India deals with the TDS (Tax Deducted at Source) on salary. Section 194J of the Act deals with TDS on professional or technical fees, and Section 194M deals with TDS on certain specified payments made to a resident. When drafting an employment contract, it is important to […]

Setting up Jewellery Manufacturing Business in Jaipur(INDIA)

January 26, 2023

Setting up Jewellery Manufacturing Business in Jaipur     Jaipur, which serves as a home to biggest Jewellery houses of the country provides an excellent playground for your Jewellery business. It acts as a base for expanding your well established global Jewellery business whether is amounts to sourcing coloured stones from Jaipur. Jaipur is a […]

Process of registering a private limited company PLC in India

January 22, 2023

The process of registering a private limited company in India involves the following steps: Obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for the directors of the company. Choosing a unique company name and getting it approved by the Registrar of Companies (ROC). Preparing and filing the Incorporation Form (SPICe) and other necessary […]

Types of company registration in India

January 21, 2023

In India, there are several types of companies that can be formed, including: Private Limited Company: A company that is privately owned and has a limited number of shareholders. Public Limited Company: A company that is publicly traded and has a larger number of shareholders. One Person Company (OPC): A company that is owned and […]

Relaxation to LLP’s in Payment of Additional Fees and Extension of Dates

June 2, 2022

SHORT SUMMARY As per the circular issued by Ministry of Corporate Affairs on 31st May, 2022 in respect of LLP. By this circular MCA has relaxed additional fees on LLP forms due to technical issued faced by corporates on MCA Website. As per Circular, MCA has extended Due Date of various forms of LLP up to […]

Factories Act Registration

July 11, 2021

WHAT IS FACTORY UNDER THE FACTORIES ACT, 1948? Section 2(m) of the Factories Act, 1948 defines ‘factory’ as any premises- Where ten or more workers are working or were working on any day of the preceding twelve months, and in any part of which a manufacturing process is being carried on with the aid of […]

CBTD Extends due dates – COVID 2021

May 21, 2021

Dated: – 20th May 21, 2021   Subject: – Extension of the time limits of certain compliances to provide relief to the tax payers in surge of pandemic. The Central Board of Direct Taxes (CBDT) an statutory body under the authority given by section 119 of the Income Tax Act, 1961 provides relaxation under certain […]

Faceless Assessment Scheme 2021

May 12, 2021

       Faceless assessment scheme   Introduction The Central Board of Direct Taxes recently announced the Faceless Assessment (1st Amendment) Scheme, 2021.For honouring the honest taxpayers, the Prime Minister has launched a faceless tax scrutiny.   What is the faceless assessment scheme 2019? The Central Government introduced the Faceless Assessment Scheme to provide greater transparency, efficiency […]

Resident and Nominee Director Services for Foreign Subsidiary Company

December 3, 2020

Resident Director Companies Act, 2013 provides that every Company shall have at least one director who has stayed in India for a total period of at least 182 days in the previous calendar year.  This Section 149(3) is applicable w.e.f 01-April-2014. We nominate Director in order to comply with the requirement of Resident Director. Professionalism is […]

Formation of Company | Section 3-Company Act 2013 | India

September 30, 2020

(1) A company may be formed for any lawful purpose by— (a) seven or more persons, where the company to be formed is to be a public company; (b) two or more persons, where the company to be formed is to be a private company; or (c) one person, where the company to be formed […]

Company Registration Filing Form – Manual to New Web-based SPICe + Form

September 25, 2020

SPICe Plus serves many requirements like name reservation, incorporation, DIN allotment, issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account and one can also acquire the GSTIN via SPICe + form. Part A:Name Reservation (Applicable to New Companies only) Part B: Company Incorporation Application for DIN PAN Application TAN Application […]

INDIA: An attractive destination for businesses

September 23, 2020

Establishing a company in India – Overview Indian economy is one of the fastest-growing economies in the world with GDP growth of around 7 – 8% and a population of over 1 billion as per World Bank Data (2016). The statistics show that India as of now boasts of a profitable and stable economy and […]