Licenses & Registrations
Interesting Differences between MOA and AOA of the Company
An entrepreneur is consistently in thrilled mode when he starts a new business. There are plenty of ideas running in his mind once the business gets started. When a company gets set up, it is a legal entity, governed by the Ministry of Corporate ...
Don’t Forget to Include these Incomes in Your Income Tax Return
Are you filing Income Tax Return? If yes, this article is for you. The due date for filing of Income Tax Return is extended to 31st December 2021 from 30th September 2021 for the Financial Year 2020-21 i.e. A.Y. 2021-22. In this article, we will ...
Difference between EPF and EPS in India
Employee's Provident Fund (EPF) and Employee Pension Scheme (EPS) are framed under the Employee's Provident Fund & Miscellaneous Provisions Act, 1952. The schemes are administered by the central board of trustees that consist of representatives of ...
Patent Registration & Its application process & grant possibilities
The Patent is an exclusive right granted to the Patentee over their invention for a limited period. Through Patent Registration, the Patentee shall have all the rights regarding controlling, making, using, selling or importing patented product or ...
Scam 1992 Explained: Harshad Mehta Scam
The irregularities in securities transactions of the banks and financial companies known as securities scam, which came to light in the second quarter of 1992 are unprecedented in many respects. Both the volume and the involvement of individuals and ...
Advantages of Applying for Gumasta License
Gumasta License is a mandatory registration required for doing any business in the state of Maharashtra. Gumasta license is the license obtained under the Shops and Establishment Act of Maharashtra. Every person who establishes a company needs to ...
Clubbing Of Income in Income Tax return
There are many occasions when you may require to club income of someone else with your income. If you are planning to transfer any of your assets/income to another person as a means of tax planning to avoid the income getting taxed in your hands, ...
Cases when ITC-01 must be filed
On the date of obtaining the GST registration, persons carrying on regular business would be holding stock of inputs, capital goods and finished goods at their place of business. The GST paid on such goods purchased cannot be claimed as Input Tax ...
How UDYAM Registration benefits the MSME Sector?
The main question that several newbie entrepreneurs have in their minds is what Udyam Registration is. If you are having the same question, then you are at the right place. Udyam Registration also known as MSME Registration is nothing but a ...
MCA Extends Due Date for Holding Annual General Meeting by 2 Months (FY 2020-21)
Reportedly, the MCA has decided to extend the Due Date for Holding of AGM by the companies, by 2 months from the original due date in respect of the financial year 2020-21 ended on 31/03/2021. Accordingly, respective ROCs have been advised to issue ...
RBI Mandates Notification on Credit Cards
Various digital service providers like OTT platforms have predicted a 10-15% fall in their user base after a change in auto-debit rules comes into effect from October 1. Banks have started informing customers about changes in auto-debit transactions ...
When should a Taxpayer make payment in DRC-03?
DRC-03 is a form under the GST law that is required to be filed for voluntary tax payments towards demand, or tax shortfall noticed later on after the time limit to file returns of a financial year expires. CGST Rule 142(2) and (3) covers this form. ...
Import License of Drugs & Cosmetics in India
In India, import, manufacturing, sale, and distribution of drug is regulated under Drugs and Cosmetics Act 1940 and Drugs and Cosmetic Rules 1945. An Import license is provided for the import of drugs and cosmetics subject to those which are ...
Supply to Special Economic Zone under GST
Meaning of Special Economic Zone (SEZ) A special economic zone (SEZ) is a dedicated zone wherein businesses enjoy simpler tax and easier legal compliances. SEZs are located within a country’s national borders. However, they are treated as a foreign ...
Steps to Upload KYC in EPF UAN
Ever since the Universal Account Number was introduced in 2014, all processes associated with the Employees’ Provident Fund (EPF) have become easier and quicker. You will need the UAN to upload your KYC documents on the EPFO. Documents can be ...
Annual Filing (AOC-4 And MGT-7) - Applicability & Due date
COMPANIES THAT ARE REQUIRED TO COMPLY ANNUAL FILING:- Category-I Every Company registered under Companies Act, 2013 of Companies Act, 1956 is required to file their Financial Statements in e-Form AOC-4 including Directors Report along with other ...
Reverse Charge Mechanism on Goods & Services under GST
Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism. Reverse Charge means liability to ...
Wholesale Drug License
Owning a wholesale drug license is not an easy thing for building entrepreneurs. If you want to create your own identity in the world of pharmaceuticals, then you need to come with your unique business idea. The Pharmaceutical industry is indeed a ...
Niti Aayog Registration - NGO Darpan - Darpan ID - Unique ID
The step towards growth of your NGO is to get registration under NITI AAYOG i.e NGO DARPAN Niti Aayog Registration – This registration helps the trust to get eligibility for various government schemes for welfare activities. It is mandatory for the ...
Delhi Pollution Control Committee
Delhi Pollution Control Committee is responsible for issuing a license called "DPCC license". DPCC is governed and regulated by the Ministry of Environment & Forests & climate change. DPCC is a kind of no objection certificate that the government ...
Import of Pets and Online pet shop
In the previous article on Pet Shop License, we discussed who is eligible to apply for Pet shop license and the detailed procedure for applying the same. In this article, we're going to discuss the Import of Pets and how to start your online pet ...
ESI Registration: Applicability, Benefits and Registration
The legislature enacted the Employees' State Insurance Act, 1948, as an integrated need based on the social insurance scheme. ESIC stands for Employee State Insurance Corporation, an independent body made by the Service of Labor and Business that ...
Pet Shop License & Registration in India
A pet shop is a retail shop that sells different kinds of animals as pets for homeowners. In India, pet shops are legalized and fabricated according to the Prevention of Cruelty to Animals (Pet Shop) Rules, 2016 and Prevention of Cruelty to Animals ...
Food and Drug Administration (FDA) Certification India
The Food and Drug Administration (FDA), established in 1906, is a government agency under the Federal Food and Drugs Act. It is the oldest exhaustive agency for customer safety. The FDA Certification is required for setting the items within the USA. ...
How to Appoint Auditor for a Company in India
The current administration of the Companies Act 2013 has changed the prerequisite of the reviewer arrangement in Companies. There has been a worldview move within the agreements relating to the arrangement of a Statutory Evaluator. This article ...
Obtaining your barcodes- Detailed procedure
In the previous article, we covered the two main options for purchasing barcodes. In this article, we will present how you can obtain a barcode from either GS1 or a respectable barcode reseller, India Barcodes, in this case. Obtaining a barcode from ...
Name change Procedure in India
Process for Name Change in India There are 3 mandatory things, which are to be done for authorizing the name change: 1. Affidavit Accession: An affidavit to be prepared for the name change. 2. Ad Publishing: An announcement shall be publicized in the ...
Barcoding in 2021 - Introduction and Barcode types
Introduction to Barcode Barcodes are everywhere in our lives; on almost every single product, pallet, shipping container, box and more recently, through the coronavirus pandemic, QR (barcodes) codes are seen at the entrance of every cafe bar and ...
10 Reasons to use Barcodes
A person doesn’t need a PhD in barcoding to operate a barcoding system. (We have barcoding intellectuals on our staff, ready and willing to give you phenomenal instructions.) The encoded data is scalable to your and your organization’s needs. ...
Uttar Pradesh Pollution Control Board
Uttar Pradesh Pollution Control Board is an organization that was established to appliance environmental laws and rules in the management of the state of Uttar Pradesh, India. The board was first established on 3rd February 1975 under the Water ...
Import Export Code- When it is required?
In today's time of cut-throat competition, every business person wants to grow his business globally. However, doing so isn't that easy. Before going global, you need to follow certain procedures and laws requiring different licenses and ...
What is Cost Inflation Index or CII? How is it Calculated?
Why is the Cost Inflation Index required or calculated every year? Cost Inflation Index is calculated/required every year to tally the prices to the inflation rate, or we can say that an increase in the inflation rate gradually will lead to a ...
Newspaper License from Registrar of Newspapers in India
RNI is an abbreviation for Office of Registrar of Newspapers of India. This authority was brought out in 1956 to oversee the compliance requirements for publication of newspapers in India. The Press Commission of India brought out this authority by ...
NOC Pollution Control Board Application Process
CTO (Consent to Operate) is required for running an industry dealing with pollutants and hazardous wastes. Therefore it is crucial to renew the license for consent to operate from NOC Pollution Control Board. There is a separate CTO for different ...
How do we obtain a Building NOC?
No Objection Certificate is a statement of permission given to a person or a company to proceed with the purchase or construction of a property. While constructing an apartment, a bungalow, or any other structure, applicants must obtain a NOC for ...
How to Obtain Retail Drug License?
Obtaining Drug License is mandatory for all retailers who want to indulge in the business of Drugs and Cosmetics in India. The Drug license is classified as below:- Selling License is categorized into two segments:- Retail Drug License. Wholesale ...
How to Apply E-Pan Card or Instant Pan Card ?
To download instant e-PAN from the new income tax portal, one needs to first login at the portal and then click at 'Our Services' on the lower side of extreme left. The one needs to click at 'Instant E PAN' and follow some simple steps to download ...
Section 10(15): Exempt Interest Incomes
Interest income is one of the most common source of income for general public. Let us discuss exempt interest incomes in this article. The following interest incomes due to an assessee are exempt from tax: Income by way of interest, premium on ...
The newly laid guidelines for Legal Metrology Act Registration
As per Legal Metrology Act, 2009, the sale or distribution of all packaged goods in India such as export goods, food products and consumer goods need a Legal Metrology Certificate from the Metrology Department of Consumer Affairs. There are number of ...
How to Apply for Fire Department NOC?
It is mandatory to secure NOC from fire department in order to comply with the requirements of the relevant state authority. Due to the amount of flexibility in the legal system, lot of conveyancing occurs which directly increases the amount of ...
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