e-Way Bill Basics
E-WAY BILLS
e-Way Bill (EWB) is the latest addition to GST for transport of goods for various business or non-business transactions over various intra-state and interstate distances which has to be generated if consignment value exceeds Rs 50,000.
In this article, we will look at what e-Way Bills are and how to go about ensuring you […]
SPICe – Simplified Proforma for Incorporating Company
Introduction
SPICe Form INC-32 is a simplified proforma similar to INC-29 that helps with fast-track incorporation of a company in India with a single application for reservation of name, incorporation of a new company or application for allotment of DIN electronically. It is recently introduced by the
Regulations governing NBFCs in India
INTRODUCTION
Non-Banking Financial Companies (NBFCs) are the financial institutions incorporated under the Companies Act that are the source of providing services of banking to the people of India without having the bank license. It is allowed to accept deposits which are repayable on demand and eligible for foreign investments […]
Annual Compliance of NBFCs India
Introduction
One type of company that has emerged to be a major player in the market is NBFC or Non-Banking Financial companies. NBFCs have been contributing a reported 12.5% rise in the Gross Domestic Product (GDP) and are therefore among one of the institutions with huge potential for changing the landscape of financial services. […]
Classification of NBFCs in India
What is Non- Banking Financial Company
Non-Banking financial companies(NBFCs) means only those non- banking institutions which are registered under the Companies Act, 2013 and is working in the section of loans business and advances, acquisition of shares/bonds/debentures/securities/stock issued by the government or non-government authorities. It is of marketable nature, leasing, hire-purchase, […]