MN & Associates CS-India
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Secretarial Standards. Secretarial Standards The Secretarial Standards Board (SSB) was constituted in the year 2000 by The Institute of Company Secretaries of India (ICSI) for formulating Secretarial Standards.
Now the question which would hit your mind – What was the need of formulating these standards? The answer to this question is that companies in India follow diverse secretarial practices and therefore the need to blend, harmonize and standardize such diversified secretarial practices was felt. The Secretarial Standards Board identified the areas in which Secretarial Standards were required to be issued taking into consideration the relevant laws, business environment, and practical applicability. INTEGRATION OF E-INVOICING AND E-WAY BILL UNDER GST. What is HSN Code within the first place? What is HSN Code within the first place?
Harmonized System of terminology, or HSN, was planned and developed by the globe consumer Organization. World consumer organization with the vision of classifying products from everywhere the globe in a systematic and logical manner. HSN is wide broadband adapted in over 200 countries, covering a staggering ninety-eight of products over the globe. It’s a 6-digit uniform code that classifies over 5000 products and it’s conjointly accepted worldwide. Form CFSS, 2020. Form CFSS, 2020 Form CFSS, 2020 (Each company that has availed the benefits of the CFSS scheme needs to file this form mandatorily) Form CFSS, 2020 has been notified with effect from 16th January 2021 for the companies which have sought the benefit of CFSS Scheme, 2020 with intent to condone the delay in filing of the forms for annual filing, auditor appointment, etc., and government fee as well.
The e-form CFSS, 2020 is a special form for those companies, are filing documents pertaining to the belated financial years for the compliance to the authority. This is an extension to the scheme i.e., Companies Fresh start Scheme, 2020 which was notified through circular 12/2020. Registration under UP Shops & Establish-ment Act, 1962. Registration under UP Shops & Establish-ment Act, 1962 The Shop and Establishment Act registration regulate hours of work, payment of wages, leave, holidays, terms of service, and other conditions of work of persons employed in shops, commercial establishments, establishments for public entertainment or amusement, and other establishments and to provide for certain matters connected therewith.
According to the Act ‘Shop’ means any premises where any wholesale or retail trade or business is carried on, or where services are rendered to customers, and includes, all offices, godowns, or warehouses, whether in the same premises or not, which are used in connection with such trade or business. Applicability: The Shop and Establishment Act is applicable nationwide, and all the commercial establishments, such as the hotels, and eateries, amusement parks, theatres, and other entertainment houses, as well as any other such public amusement places, come under the purview of the Act. The maximum no. Can an Unmarried Male Form A HUF.
Can an Unmarried Male Form A HUF?
Hindu Undivided Family is referred to as the Joint Hindu Family or HUF for the purpose of income tax. There are various tax advantages from running a business or earning under various heads of Income Tax Returns form that can save a taxable income that you should choose to create a HUF by the law. HUF is taxed separately from its members. You can save valuables, properties, and other assets to form a large number of funds in a different way than any other business organization. HUF can be formed upon the marriage of an individual. Startup Benefits for Women Entrepreneurs. Startup Benefits for Women Entrepreneurs Entrepreneurship is all about participation and engagement in the process of building innovation, selling, and reaping profits with bared risks.
Women being equal to men kick-starts the role of entrepreneurship in a country. Highly empowered with dedication and backed support of government policies, the frequency of women entrepreneurs is increasing day by day. Section 50C - Sale of property at lower than Stamp Duty Value. Section 50C – Sale of property at lower than Stamp Duty Value There can be circumstances where a person has to sell out his property at a value lower than the fair market value.
The government imposes a capital gain tax on all capital assets or immovable properties if they are sold at a price higher than the computed value by the valuation authorities i.e. at a price more than their stamp duty value. Intricacies for NRI's and Foreign citizens in company registration in India. Intricacies for NRI’s and Foreign citizens in company registration in India India has been a giant hub for foreign investment and economic activities.
Business elites and entrepreneurs from all across the world seek to seize the rich and abundant opportunities available here. With the burgeoning middle-class ready to avail all sorts of luxuries, the country has always been in sight of investors. The young workforce, cheap resources, and a huge potential market make it the business utopia. Which entity NRI or Foreigner should consider? Registration under UP Shops & Establishment Act, 1962. Registration under UP Shops & Establishment Act, 1962 The Shop and Establishment Act registration regulate hours of work, payment of wages, leave, holidays, terms of service, and other conditions of work of persons employed in shops, commercial establishments, establishments for public entertainment or amusement, and other establishments and to provide for certain matters connected therewith.
According to the Act ‘Shop’ means any premises where any wholesale or retail trade or business is carried on, or where services are rendered to customers, and includes, all offices, godowns or warehouses, whether in the same premises or not, which are used in connection with such trade or business. What are the Provisions of Compromise and Arrangement for Small Companies/ Private Companies. What are the Provisions of Compromise and Arrangement for Small Companies/ Private Companies A Scheme of compromise in a company with stakeholding of general public (in a public company) or by few individuals privately (in a private company), is held between the creditors of the company and the company or between the members of the company with the company.
Where an Arrangement proposal is made, it is proposed for re-organization of the company structure with a view to restructuring company ownership, to merge any another public or private company, to undertake division of existing shares, issue new class of shares or covert existing shareholdings to some other form or class of shares. Section 230 to 232 of the Companies Act, 2013 prescribes rules applicable in the state of Compromise and Arrangement for Companies. What is Family Settlement Agreement. What is Family Settlement Agreement It is common that we observe family disputes on ancestral property. In the Indian regulatory system, otherwise, a deed prepared or some agreement is pre-done for the division of property among ancestors, the property passes on to legal heirs with immediate effect of demise. But it is a comprehensive and difficult practice for the government to legally identify the legal heirs of that person and the ratio in which the property and the related assets are to be distributed.
Also, in case if the improper allocation is done a dispute among the ancestors shall happen. RCMC Registration. RCMC Registration A Registration cum Membership Certificate (RCMC) can be applied to the Federation of Indian Export Organisation (FIEO) or authorities granting licenses and benefits to the export houses.
These organizations on receiving approval from the government of India grant such certification to export units to allocate benefits secured specifically for their line of business. It is usually issued for a period of 5 years and is renewed at expiry. Export houses can become a member of Export Promotion Councils (EPC) by obtaining RCMC Registration. Withholding an RCMC Registration, export houses can avail of new export benefit schemes, duty drawbacks, and credit scrip schemes of the government.
BIS Registration. BIS Registration Standard is a harmonized or an agreed way of doing something. Standards generally contain technical specifications, rules of applications, precise criteria for designs or guidelines. These are made to make life simpler and increase the reliability of products to be used. Standards are established on broad consensus by different standardization bodies and individuals for internal or external use. Post COVID Lockdown, Massive Boom in Indian Economy. Post-COVID Lockdown, Expect to have a Massive Boom in Indian Economy Post COVID Lockdown, To talk about recession, we mean a half-year drop in demand.
Recession is when an economy goes through a downward trend. It can be due to a setback of demand or a rise in unemployment. But for big World economies today including India, the year 2020-21 might outgo demand loss due to the happening of pandemic coronavirus. Post COVID Lockdown, Massive Boom in Indian Economy. Filings of Changes in LLP with Registrar of Companies. Filings of Changes in LLP with Registrar of Companies For event-based changes, corporate entities registered in India have to file certain documents and information with the Registrar. ROC (Registrar of Companies) is a regulatory authority for giving approval of incorporation and continuation of operations of a company or Limited Liability Partnership (LLP) in India and their due compliance, all kind of changes in LLP & company that are event-based shall be duly intimated to the registrar. For changes relating to the constitution of business, filing for due compliance, transfer of ownership and change in the capital structure, appointment/resignation or removal of members and for submission of necessary documents for approval of name, objective, any business proposal, the entrepreneurs have to approach Registrar of Companies (ROC) with required documentation and get updated the changes in LLP.
Are You Planning To Gift a Property? Here's Your Guide - MN & Asociates. Trademark Registration for Pharma Company. Pharmacy Brand Name Registration! Gifts to and from HUF - MN & Associates CS-India. Gifts to and from HUF The concept of Hindu undivided family (HUF) came from the Hindu law which consists of all individuals who are common ancestor from lineal ascendants, co-parceners form a common family group and also comprise of unmarried daughters. Tax Treatment for gifts received from relatives. CBIC introduces machine based clearance system of imported goods. Housing Cooperative Societies: Types & Registration. Can a penalty on GST Portal Removed by a GST Officers ? Can a penalty on GST Portal be discounted or removed by a GST Officer? The GST Act, through its Chapter II, Section 3 defines for the appointment of necessary personnel as GST officers under the law.
Since the act was introduced, it has gone through numerous adjustments and amendments. Interest Under Section 50 of CGST is automatic? Service Level Agreement: Factors & Essentials. Service Level Agreement: Factors & Essentials. Rights and Obligations of Secured Creditors. Rights and Obligations of Secured Creditors Once an order for liquidation is passed by the adjudicating authority/Tribunal the liquidator so appointed has to realize the assets of the company and have to make payments to all its Secured Creditors. Following the corporate insolvency resolution procedure, the secured creditors hold a secured charge over assets of the company. COVID -19 Effects: Finance Minister Unveils Reliefs for Corporate Sector. Changes in Annual Return under Foreign Contribution Regulations Act. All About Advance authorization Scheme - TaxReturnWala.
Transfer Pricing. GST on Third-Party Exports - TaxReturnWala.Com. NCLT Amendment Rules, 2020 - TaxReturnWala.Com. Central KYC Registry in India - MN & Associates CSIndia. Company Secretary in Practice & the Audit. Registration & Compliance of Money Changer in India. Practical Insights of RODTEP Scheme. Dormant Company under Companies Act, 2013. Trade License under Shop Establishment Act, 1954. Integration of E-way Bill and Vahan System. Winding up, Dissolution & Liquidation of Companies: The Difference. Business Transfer Agreement - MN & Associates CS-India.
Money Transfer Service Scheme. All about Share Certificate Issuing Procedure. Employment Contract -Things you need to know. No gratuity in initial years of service: New Labour Law Code Rules. Copyright a song in India. Examine your patent applications with Patent Prosecution Highway. Company Secretary Firm In Delhi. How to withdraw Employee Provident Fund Amount Online? E-form MGT-14 Filing of Resolutions by the company. Things to note before accepting a drafted Shareholders Agreement. ITC under GST on employee expenses. FDI from foreign company to start new business in India.
FEMA consultants in Haryana and Delhi. Foreign Direct Investment (FDI) & Compliances. Regulations on Insider Trading - MN & Associates CS-India. Basics of Export-Import. Gift City India (Gujarat International Finance Tec-City) Limited Liability Partnership: LLP Agreement & Amendments. Tax Avoidance by Multinationals. Corporate Social Responsibility. Growth of Legal AI Software Market. FSSAI License - What all you need to know. BUDGET 2020 IMPACT ON THE SERVICE SECTOR.
Aspirational Districts of India - MN & Associates CS-India. Budget 2020 at a Glance - MN & Associates CS-India. SIP-EIT Scheme - International Patent For Electronics. Corporate Insolvency Resolution Process under Insolvency Code. RERA: Functioning of Grievance Redressal. SPICe Plus for Incorporation of Companies in India. System Mandates DIN for Communications of GST & Customs. Why you should consult a legal advisor before buying a property?
TDS on Cash Withdrawal: New Income Tax notification details. Bonded Manufacturing Scheme. Unpaid/Unclaimed Dividends with Company: Know Provisions. Insights about starting a Cloud Kitchen. Highlights of EXIM laws & provisions in India - TaxReturnWala. Disqualification of Director under Companies Act. Shipping Bill Electronic Integration Declaration Regulations, 2019. Role of Company Secretary as an internal auditor. RoDTEP Scheme – Remission of Duties or Taxes on Export Product. Annual Filing of ROC Returns - Points to keep in mind. Code on Wages 2019 - MN & Associates CS-India. Does the fiscal stress call for a tax cut? Internal Audit Functions & Activities - Labour, Industrial & Environmental. Action to be taken against the builder for delay in possession. How to Start your Startup in Testing Phase. Wish to become an Independent Director? Get ready to be examined.
Nitty Gritty of Internal Audit - MN & Associates CS-India. All You Need To Know About MCA – AGILE New E-Form INC 35. What remedies are available to consumers against food adulteration. Arbitration and Conciliation Act, 2019. Consumer MediationCell Resolve Disputes under Consumer Protection Act. Export Promotion Schemes By Government Of India For Indian Entities In 2019. How to Start a Software Company in India? GST on Director Remuneration - CS India MN & Associates. Application for seeking the status of ACTIVE Company - CSIndia. ICSI Mandates UDIN for all Company Secretaries in Practice. Legal Entity Identifier (LEI): Imparting thread access to financial information.