March 21, 2024

Running costs (operating cost)

The running costs of a business are the amount of money that is regularly spent on things such as salaries, heating, lighting, and rent. Businesses have to keep track of operating costs as well as the costs associated with non-operating activities, such as interest expenses on a loan. Both costs are accounted for differently in a company’s books, allowing analysts […]

Annual General Meeting as per Companies Act

AGM full form, stands for Annual General Meeting and is a crucial company compliance event designed to facilitate communication between a company’s management and its shareholders. The Companies Act of 2013 mandates the convening of an AGM to deliberate on matters such as annual financial results, the appointment of auditors, and other relevant issues. In accordance with

Book Identification Number (BIN)

The Book Identification Number (BIN) quoting has been termed mandatory for government deductors, who are reporting TDS without payment through bank challans. The BIN is a unique verification key, that is disseminated by the Assessing Officer (AO) to the corresponding DDO should be correctly filled in the TDS/TCS statement, in accordance with the information which is

Marine Products Export Development Authority

In 1972, the Government of India (GoI) introduced Marine Products Export Development Authority (MPEDA) to diversify aquaculture, promote the marine product industry for exports, regulate exports of marine products, and ensure sustainability and quality in the production of seafood. MPEDA acts as a nodal agency to develop, expand and improve the quality of the seafood

Term sheet

A term sheet can be defined as a non-binding agreement that sets out the basic conditions for making an investment. It serves as a template for developing more detailed documents that are legally binding.Once an agreement has been reached between the parties concerned on the details set out in the term sheet, an agreement or contract will be drawn