Thinking of the Stock market as a beginner makes you excited as well as curious about how it works, what are the ways to invest, what are the right funds, do we need to open a Demat account, can I lose my money, or I’ll become rich quickly. A lot of questions come to...
Continue readingAppointment of Proxy under Section 105
A person who is appointed by a member to attend and vote at a meeting in the absence of the member at the meeting is termed as a proxy. Thus proxy is an agent of the member appointing him. The term ‘proxy’ also refers to an instrument by which a person is appointed as...
Continue readingNational Pension Scheme
National Pension Scheme (NPS) is an initiative taken by the central government. Is it an easily accessible, low cost, tax-efficient, flexible, and portable retirement savings account. These schemes encourage you to invest regularly for your retirement account at an early age when you are employed or working. Under National Pension Scheme (NPS), the individual...
Continue readingIssue of Securities at Premium
Companies issue securities at a premium when it sells them at a price above nominal value. The Companies Act, 2013, does not lay down any conditions or restrictions regulating the issue of securities by a company at a premium. However, the Companies Act, 2013 does impose conditions regulating the utilization of the securities premium...
Continue readingRelief & Changes in Due Dates
INCOME TAX The due date of filing Income Tax Return for Financial Year 2018-19 has been extended from 31/03/2020 to 30/6/2020 The due date of Vivid se Vishwas scheme which is introduced to resolve pending tax disputes has been extended from 31/03/2020 to 30/06/2020 without the payment of 10% additional amount The filing date...
Continue readingSources of Funding Available for Companies
Businesses and entrepreneurs face many challenges in the complex business environment. One of the biggest challenges is to raise external funding, or capital funding, to expand their businesses into new markets or locations, to invest in research & development, or to fend off the competition. And, while companies do aim to use the profits...
Continue readingMaintenance of Books of Accounts and Audit
Under Section 44AA, certain records and books of accounts have to be maintained by the assessee. A person carrying on any profession in legal, medical, engineering, architecture, accountancy, technical consultancy, interior decorator, authorized representative, film artist, the company secretary is required to keep and maintain books of accounts and documents as specified:- Cash Book...
Continue readingHOW TO SET UP A COMPANY IN INDIA
ACompany is a legal entity which is formed by registration with the Ministry of Corporate Affairs. The process is not complicated though time taking. To begin with, we have to decide, in order of preference, at least one suitable name up to a maximum of six names, the names should be indicative of the...
Continue readingVenture Capital Finance
What does Venture Capital mean? Venture capital is finance that is provided by investors to start-ups, early-stage and small companies that have the potential to reshape markets and grow very fast. The money deployed by a Venture Capital firm usually comes from well-off investors, investment banks, institutional investors, corporations, or wealthy individuals looking to...
Continue readingEquity Financing
What is Equity Finance? Equity finance is a method for raising funds through the sale of the shares of the company. By selling shares, they sell ownership in their company. Once the money is raised through equity finance the company will not have any liability for repayment of money invested by the investor. This...
Continue reading