Appointment of Auditor – As per the Companies Act
An auditor is a professional who gets employed by a company to examine and review the financial records. As per the Companies Act, all entities in India, after their Company Registration is completed, must appoint an Auditor. To have the book of accounts audited every year. Whether the company is public or private, whether it has a share capital or not, [...]
What is the procedure for Customs clearance ?
Introduction: custom clearance procedure Custom clearance procedure works include formation and submission of documentation needed to help export procedure or imports into the country, describing the client while customs examination, evaluation, payment of duty and taking delivery of cargo from customs after clearance with documents. The documents included in customs clearance are : Exports Documentation custom clearance Buy order from [...]
Exemption To Private Companies
Introduction To Private Companies A significant impact was made in the corporate world by the Companies Act 2013 through the provision of doing business in India in an easy way. On 5th June 2015, the Ministry of Corporate Affairs(MCA) posted a draft notice to be published in Official Gazette announcing some exemption to Private Companies. Although there is no effective date in the [...]
MSME Databank Registration with Eligibility criteria
What is MSME Databank Registration? All MSME enterprises in India from now onwards need to provide information linked with business to the Government by MSME Databank. This has to be done as per the MSME- Micro, Small and Medium Enterprises Development Rules, 2009. MSME databank registration can be performed through the data bank. The medium and small business having PAN and [...]
LLP Registration Fees: Documents Required and Advantages
What is LLP? LLP means Limited Liability Partnership which came into known in the year of 2008 under the Limited Liability Partnership Act 2008. Limited Liability Partnership is similar to the general Partnership Firm Registration. LLP Registration fees differ according to the different ca firms. CA firms fix their LLP Registration fees according to their commission system. Due to its legal [...]
Small Finance Bank licence: Objectives, Rules, Key Challenges
Introduction Small finance banks are a type of bank that helps those sections which do not get support from other banks. Small finance banks provide basic bank facilities to the economical sections which are not supported by the other banks. It helps to provide financial aid to the small business units, small or marginal farmers, micro or small industries. It includes [...]