About: The registration can be obtained for any association of people who join together for a business purpose and to share the profits. all partnership firms are regulated by the Indian Partnership Act, 1932, as under all the firms must be registered. Advantages of Registering Partnership Firm Simply start: It can be registered compared...
Continue readingHow to Register in MSME?
What is MSME Registration? Micro, Small, and Medium Enterprises(MSME) are businesses that are defined based on their investments. They are classified into two categories Manufacturing Enterprises and Service Enterprises. For Manufacturing Enterprises, they are defined in terms of investments in plant and machinery. Micro-enterprises are the entities whose investment is less than Rs. 25 lakhs. Small-enterprises...
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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...
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About A Project Report is a comprehensive document which provides details of the proposed business. It consists of information on economic condition, technical details, financial aspects, managerial and production aspects. It allows an entrepreneur to assess the inputs and helps him to obtain loans from banks or Financial Institutions. The project report contains detailed information...
Continue readingGST REGISTRATION
About Every supplier shall be liable to be registered under this Act in the State or UT or any other special States, from where he makes a taxable supply of goods or services or both- If his aggregate turnover in a financial year exceeds 40 lakh rupees and 20 lakhs for special states. Where...
Continue readingFSSAI REGISTRATION
About FSSAI: FSSAI stands for Food Safety and Standard Authority of India is the supreme authority which governs the food business in India. It ensures the food product undergoes the standardized quality checks to ensure that no sale of sub-standard products. It is the main authority who is taking care of registering and licensing...
Continue readingForm MGT-7
What Is Form MGT-7? Form MGT-7 is an E-form used by all the companies registered under the Companies Act,2013 to file their annual return. Form MGT-7 is available on the Ministry of Corporate Affairs(MCA) website. Form MGT-7 is also maintained by the Registrar of Companies(ROC) in electronic mode and based on the statement of...
Continue readingWhat is GSTR-1?
About GSTR-1 is a monthly or quarterly, based on the option opted by the taxpayer, return that should be filed by every registered dealer. It contains the details of all outward supplies(sales). GSTR-1 must contain the details of all sales and supply of goods and services made by the taxpayer during the tax period. The...
Continue readingHow to Increase/Decrease paid-up share capital?
About Paid-up Share capital is the amount of money a company has received from shareholders in exchange for shares of stock. Moreover, Paid-up share capital is created when a company sells its shares on the primary market directly to investors. INCREASE THE SHARE CAPITAL The members of the company anytime may increase or decrease the capital of the company. Paid-up share capital...
Continue readingWinding Up of LLP – Closing an LLP
LLP is a new form of the concept introduced in India through the LLP act. LLP is exempt from audit if the annual turnover of the LLP is less than Rs.40 lakhs and/or the capital contribution is less than Rs.25 lakhs. So this characteristic has made LLP popular amongst many entrepreneurs. However, it may...
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