National Old Age Pension Scheme (NOAPS), IGNOAPS was renamed and launched formally in November 2007. It is one of the five components of the National Social Assistance Programme (NSAP) introduced by India’s Ministry of Rural Development (MORD). Beneficiaries of this scheme make up 73% of the total beneficiaries listed under the NSAP. The launch of […]
Hyderabad trade license from the GHMC must be obtained by all businesses operating in Hyderabad within 30 days of commencing activity. GHMC has a turn around time of sanctioning any GHMC trade license application within 7 days from the application, provided the application was complete in all respects at the time of their submission, and
When a company is formed, one of its initial challenges is generating funds. The company can raise funds by either taking a loan, with the help of investors or by issuing debentures and shares. Issue of debentures meaning: Debentures are an instrument used to raise long term debt capital for the company. The debenture that a company
The goods that are sold through inter-state trade are subject to Central Sales Tax (CST) in India. However, all sale to foreign missions and SEZs should not be charged any CST. If any item is returned within 180 days, this tax will not be levied. Note: Sales Tax has been replaced by the Goods and Services
KVIC stands for Khadi and Village Industries Commission. It is an important organization in India that helps rural areas grow and creates jobs. It operates under the Ministry of Micro, Small, and Medium Enterprises. KVIC’s goal is to improve the economy of villages by promoting khadi and village industries. KVIC has launched several initiatives, like the
Trademark Class 5 pertains to pharmaceutical and veterinary preparations; sanitary preparations for medical purposes; dietetic food and substances adapted for medical or veterinary use, food for babies; dietary supplements for humans and animals; plasters, materials for dressings; material for stopping teeth, dental wax; disinfectants; preparations for destroying vermin; fungicides, herbicides. Trademark Class 5 covers a
Farmer Producer Organization (FPO) is a legal entity incorporated under the Companies Act or Co-operative Societies Act of the concerned States and formed to leverage collectives through economies of scale in production and marketing of agricultural and allied sectors.The Ministry of Agriculture and Farmers Welfare released New Guidelines for the Farmer Producer Organization (FPO) as part of
A Debts Recovery Tribunal (DRT) is a specialized legal body established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act). Its primary function is to adjudicate cases related to the recovery of debts owed to banks, financial institutions, and asset reconstruction companies. DRTs were established to provide a streamlined
In India, restaurants are quickly rising to the top of the list of the most profitable investment opportunities. Much like every business venture, there are certain licenses required for restaurants that need to be acquired before the big launch. In India, initiating a restaurant business is one among the highly profitable opportunity for the entrepreneurs.
Any corporation that owns and operates the gas stations is in the most lucrative business. Many people in our country believe the petroleum business yields many returns. With the rise in the number of vehicles on the road, there is an increasing demand for gas stations across the country. Every month, an Indian petrol station
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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