In today’s world, social and environmental causes are capturing increasing attention. Businesses and individuals alike are shifting focus from mere profit-making to contributing positively to these causes. Direct contributions, either in cash or kind, are among the most prevalent methods to support these endeavors. But are these contributions confined within national boundaries? Certainly not. Foreign…
Introduction to Startup Registration in India Startup registration in India has been gaining traction due to various government initiatives supporting innovation and entrepreneurship. India has become the third-largest startup ecosystem globally. The registration process allows founders to obtain official recognition from entities like DPIIT, based on specific criteria such as less than 10 years of…
Non Banking Financial Companies (NBFC): A Detailed Overview A Non-Banking Financial Company (NBFC) is a financial institution that provides various banking services without holding a full banking licence. Unlike traditional banks, NBFCs are restricted from accepting demand deposits, such as savings accounts and checks, from the public. These entities, also known as Non-Banking Financial Institutions…
National Pension Scheme (NPS) The Budget 2024 has introduced significant changes to the National Pension Scheme (NPS), enhancing opportunities for NPS tax saving. Contributions made by private sector employers to the NPS have seen a notable increase in the tax-exempt limit, now raised from 10% to 14% of the employee’s basic salary. This hike is…
Experts indicate that the recent cut in custom duty on gold might influence gold prices only in the short term. Union Budget 2024 and Custom Duty Reduction The Union Budget 2024 introduced a significant reduction in import duties on gold. On July 23, Union Finance Minister Nirmala Sitharaman announced the reduction of custom duties on…
Debt restructuring is a financial strategy used by private or public companies, or even sovereign entities, that are experiencing cash flow problems and financial distress. This process involves renegotiating and modifying the terms of existing debt agreements to reduce the financial burden and restore liquidity, allowing the entity to continue its operations. When an entity…
What Is Working Capital? Working capital refers to the financial resources available to sustain a business’s ongoing operations. It measures the funds readily accessible for immediate needs such as payroll, planned and unplanned expenses, and purchases of essential materials. A robust working capital level reflects a well-managed, efficient business capable of meeting daily operational demands….
A partnership firm stands as a significant business structure, widely embraced within India. This form of organization necessitates a minimum of two individuals to initiate. Essentially, a partnership firm materializes when multiple parties unite to establish a business, subsequently dividing its profits according to a prearranged ratio. The spectrum of partnership business encompasses various trades,…
Step 1: Check the Company Name In accordance with the Companies Act 2013 and Companies (Incorporation), 2014 your company name must adhere to specific guidelines: Step 2: Obtain Pre-Registration Documents Before initiating the online company registration process in India, ensure you have the following documents ready: Step 3: Select Business Type Choose the appropriate business…
