Posted Date : 05-Jul-2023 , 03:38:42 pm | Posted By Ishita Ramani

Introduction   A Limited Liability Partnership (LLP) has fewer compliance obligations compared to a Private Limited Company. However, it is important to file returns regularly to ensure compliance and avoid penalties. This blog will provide information on LLP Annual Filing, LLP Annual Complia...

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Category : Corporate Law | Comments : 0 | Hits : 378

Posted Date : 30-Jun-2023 , 03:30:02 pm | Posted By Ishita Ramani

Introduction   Choosing a company name is a crucial step when registering a Private Limited Company. During the name approval process conducted by the Ministry of Corporate Affairs, applicants are required to submit two options for the company name in order of preference. The Registrar of Com...

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Category : Corporate Law | Comments : 0 | Hits : 359

Posted Date : 22-Jun-2023 , 02:58:26 pm | Posted By Ishita Ramani

Introduction   Going public is the process by which a private company becomes a publicly traded entity through an Initial Public Offering (IPO). This means that the company’s shares are available for purchase by the general public, and the company becomes publicly owned. Going public is...

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Category : Corporate Law | Comments : 0 | Hits : 533

Posted Date : 05-Jun-2023 , 12:08:46 pm | Posted By Ishita Ramani

Introduction Choosing the right business structure is an essential decision for entrepreneurs, and two popular options are the Limited Liability Company (LLC) and the S Corporation. Both provide certain advantages and features that can benefit businesses in different ways. An LLC combines the flexi...

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Category : Corporate Law | Comments : 0 | Hits : 511

Posted Date : 31-May-2023 , 12:04:38 pm | Posted By Ishita Ramani

Introduction   The game development industry is responsible for creating digital, interactive entertainment products that can be enjoyed on various platforms, such as personal computers, mobile phones, and gaming consoles like Sony’s PlayStation. Since its inception in the late twentiet...

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Posted Date : 24-May-2023 , 11:50:46 am | Posted By Ishita Ramani

Introduction   Expanding your business into a new market like India can be an exciting and promising venture. One of the popular methods for establishing a presence in India is by forming a subsidiary company. A subsidiary is a company controlled by another company, known as the parent compan...

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Category : Corporate Law | Comments : 0 | Hits : 629

Posted Date : 22-May-2023 , 12:13:16 pm | Posted By Ishita Ramani

Introduction   Registering a company in India has become a streamlined and efficient process, particularly for foreign entrepreneurs. With India's rapid economic growth and favorable business environment, starting a company in the country presents numerous advantages. In this article, we will...

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Posted Date : 18-May-2023 , 12:41:54 pm | Posted By Ishita Ramani

Introduction  As per the Companies Act 2013, companies are mandated to inform the ROC (Registrar of Companies) in a specific manner about the appointment of an auditor through Form ADT-1. This article provides detailed information on the filing fees for ADT-1, the process of filing Form ADT-1 ...

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Posted Date : 11-May-2023 , 12:03:06 pm | Posted By Ishita Ramani

Introduction Section 8 companies are non-governmental organizations that are established to promote various activities such as sports, commerce, charitable works, science, art, and more. These types of companies are registered to support underprivileged populations and industries in India. In this ...

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Posted Date : 01-May-2023 , 12:43:27 pm | Posted By Ishita Ramani

Introductio The LLP Agreement mandates that any gap in the designation of partners must be filled within 30 days of its formation. In the absence of a designated partner or in the case of a single partner, every member of the LLP is considered a partner. Failure to appoint authorized partners may r...

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Category : Corporate Law | Comments : 0 | Hits : 361

Posted Date : 19-Apr-2023 , 12:06:57 pm | Posted By Ishita Ramani

Introduction The term "Annual Return" refers to the returns on an investment that are computed as a percentage of the initial investment over the period of a year. A gain on the initial investment occurs when the return is positive. It would also be regarded as a loss on the investment if it were...

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Posted Date : 18-Apr-2023 , 12:00:28 pm | Posted By Ishita Ramani

Updates concerning TDS in Union Budget 2023-24 The TDS Rate Chart for FY 2023-2024 / AY 2024-2025 includes several updates and changes. These changes are outlined below:   Section 194BA: TDS introduced on income from online gaming, applicable from 1st April, 2024.   Section 196A:...

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Posted Date : 17-Apr-2023 , 05:01:38 pm | Posted By Ishita Ramani

Introduction Cost Inflation Index is a term used in the context of income tax in India. It refers to the index that helps taxpayers determine the inflation-adjusted purchase price of an asset, which in turn is used to calculate capital gains. The government of India announces the Cost Inflation Ind...

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Posted Date : 17-Apr-2023 , 11:40:52 am | Posted By Ishita Ramani

The taxation system in India is characterized by a progressive approach, where the amount of tax payable rises as income increases. In order to facilitate this approach, Income Tax slabs have been introduced in the country. The applicability of these slabs is influenced by various factors, such as t...

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Category : Corporate Law | Comments : 0 | Hits : 292

Posted Date : 15-Apr-2023 , 11:56:26 am | Posted By Ishita Ramani

The Income Tax Department has introduced seven different forms, namely Form ITR 1 to ITR 7, for filing Income Tax Return based on the type of income and entity. It is crucial for every taxpayer to file their Income Tax Return within the stipulated due date. In this article, we have compiled all the ...

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Category : Corporate Law | Comments : 0 | Hits : 319

Posted Date : 14-Apr-2023 , 11:36:32 am | Posted By Ishita Ramani

Every business structure registered in India such as Private Limited Company, Public Limited Company, One Person Company, Limited Liability Partnership, etc. is obligated to file specific forms every year with the Registrar of Companies. According to the Companies Act, 2013, and the Limited Liabilit...

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Category : Corporate Law | Comments : 0 | Hits : 268

Posted Date : 13-Apr-2023 , 12:23:29 pm | Posted By Ishita Ramani

What is OPC Annual Filing? One Person Company (OPC) has comparatively lower compliance requirements than Private Limited or Public Limited Companies, resulting in lower OPC Annual Compliance costs. OPCs are required to file two annual forms, namely MGT 7A and AOC 4, every year. It’s importan...

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Category : Corporate Law | Comments : 0 | Hits : 214

Posted Date : 11-Apr-2023 , 12:40:20 pm | Posted By Ishita Ramani

In India, it is crucial to comply with the necessary regulations for your business structure if it is registered. Limited Liability Partnership (LLP) is a type of business structure that requires a minimum of two members and has no limit on the maximum number of members. Compared to a Private Limite...

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Category : Corporate Law | Comments : 0 | Hits : 343

Posted Date : 05-Apr-2023 , 11:54:21 am | Posted By Ishita Ramani

Introduction A wholly owned subsidiary is a company with 100% of its shares owned by another corporation, which is the parent company. A parent company can acquire a wholly owned subsidiary or create one through a split-off. The parent company usually owns 51% to 99% of the subsidiary, and in cases...

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Category : Corporate Law | Comments : 0 | Hits : 387

Posted Date : 31-Mar-2022 , 01:19:20 pm | Posted By Ishita Ramani

Compliance Calendar for the month of April 2022   A new Financial Year 2022-23 has begun and being the first month of the new Financial Year, April 2022 is an important month if we look at it from the Tax Compliance and other Statutory Compliance' point of view. There are multiple Statuto...

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Category : Corporate Law | Comments : 0 | Hits : 3305

Posted Date : 22-Mar-2022 , 01:44:54 pm | Posted By CA. Dr. Gaurav Bhambri

Infra.Market, an online platform for construction materials is under the scanner of the tax department for alleged evasion. While the authorities did not name the company, a statement issued by the Central Board of Direect Taxes (CBDT) said that on March 9, search and seizure operations&n...

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Category : Corporate Law | Comments : 0 | Hits : 6253

Posted Date : 03-Mar-2022 , 11:48:31 am | Posted By Ishita Ramani

Compliance Calendar for March 2022   Being the last month for the financial year, March is a significant month from the point of view of the tax compliance and other statutory due dates for ROC Reporting, GST Return Filings, and Income Tax Filing as it is the last month of the fiscal year. Ev...

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Category : Corporate Law | Comments : 0 | Hits : 4337

Posted Date : 01-Feb-2022 , 05:49:38 pm | Posted By Ishita Ramani

Tax Compliance and Statutory due dates for February, 2022 Compliance Calendar for the month of February 2022 Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Incom...

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Category : Corporate Law | Comments : 0 | Hits : 1690

Posted Date : 11-Jan-2022 , 07:33:53 pm | Posted By CA. Dr. Gaurav Bhambri

This article is highlighting Rupeek Fintech, a startup that lends against gold as collateral, raised $34 million to accelerate its efforts to  monetise India’s $1.5 trillion private stash of the precious  metal. The Bangalore-based firm, whose technology links nearly a...

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Category : Corporate Law | Comments : 3 | Hits : 5423

Posted Date : 01-Jan-2022 , 02:34:44 pm | Posted By Ishita Ramani

Compliance calendar for the month of January, 2022 Starting, owning, or doing a business in India comes with important compliance that a business irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST Return or complying with the ROC Annual...

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Category : Corporate Law | Comments : 0 | Hits : 1736

Posted Date : 28-Dec-2021 , 10:46:42 am | Posted By CA. Dr. Gaurav Bhambri

In this article the main highlights are  suspended CCI 2019 nod for Amazon deal with Future co. India's antitrust body competition commission of India (CCI) on Friday said Amazon's 2019 deal with Future to remain in abeyance, citing US e-commerce major's failure to notify certain comm...

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Category : Corporate Law | Comments : 0 | Hits : 3625

Posted Date : 26-Nov-2021 , 10:03:29 am | Posted By CA. Dr. Gaurav Bhambri

In this article main highlights are changes like decriminalizing various penal provisions of the Companies Act, 2013, setting up more benches of NCLAT, the establishment of Corporate Social Responsibility (CSR), etc. were brought up in the Companies Act, 2013 on the suggestion of the Company Law Com...

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Category : Corporate Law | Comments : 5 | Hits : 11111

Posted Date : 11-Oct-2021 , 07:04:24 pm | Posted By CA. Dr. Gaurav Bhambri

This article is focus about the Alliance of Digital India Foundation (ADIF) on behalf of India’s app-developers & the start-up community has filed a petition before the Competition Commision of India (CCI) against Google’s new billing policy which comes into effect from March 2022. T...

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Category : Corporate Law | Comments : 5 | Hits : 6783

Posted Date : 01-Sep-2021 , 06:40:10 pm | Posted By Ishita Ramani

Compliance Calendar for the month of September 2021 It is crucial for every business, irrespective of the business structure to adhere to the statutory compliance and complete all the necessary filings before the due dates. It is important to stay compliant with enormous compliance falling in the y...

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Category : Corporate Law | Comments : 0 | Hits : 2445

Posted Date : 07-Aug-2021 , 12:17:32 pm | Posted By Ishita Ramani

Tax Compliance and Statutory due dates for the month of August, 2021 Compliance Calendar for the month of August 2021 The month of August is very crucial for many reasons. One of the major reasons is that it has been predicted by the experts that COVID 19 third wave might hit the country in the Augu...

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Category : Corporate Law | Comments : 0 | Hits : 1802