Launch of New DGFT Platform

As part of the Digital India program and to ensure Ease of Doing Business, the Directorate General of Foreign Trade (DGFT) has planned to launch a new DGFT platform. The DGFT, vide its trade notification dated 25th June 2020, has announced that the first phase of the DGFT’s new digital platform will Go-Live on 13th […]

Licensing of Copyright

Copyright law in India is a fascinating and ever-evolving realm of intellectual property protection. The mechanisms of licensing and assignment play crucial roles in transferring and managing these rights, but they require careful consideration and coordination. As a business leader or an intellectual property owner, it is essential to understand their nuances and seek professional

NRIs Get Tax Notices to Give Affidavits on India Stay for Some Past Years

NRIs Get Tax Notices to Give Affidavits on India Stay for Some Past Years

NRIs Under Scrutiny: Watch Your Days Spent in India! Attention NRIs! The income tax department is keeping a close eye on your time spent in India. They’re asking some of you to swear on affidavits exactly how many days you were here in certain years, to see if you owe any taxes. Why the fuss?

National Financial Reporting Authority (NFRA): India’s Watchdog for Financial Transparency

In the bustling and diverse financial landscape of India, ensuring the utmost credibility and integrity of reported financial statements is paramount. This is where the National Financial Reporting Authority (NFRA) steps in, wielding its regulatory baton to safeguard investor confidence and promote ethical accounting practices. Established in October 2018, the NFRA is an independent, statutory

Bihar Records of Rights

Land records consist of several types of vital information such as sale deeds that are maintained by different departments. The documents also include Records of Rights, Tenancy and Crop Inspection Register (RTC), etc., and other information such as shape, soil, size, economic information pertaining to land use irrigation and crops. Bihar Records of Rights is an extract from the

CARO 2016 & CARO 2020

On March 29, 2016, the MCA issued the Companies (Auditor’s Report) Order, 2016 (CARO 2016). This order replaces the Companies (Auditor’s Report) Order, 2015, and applies to financial statements of companies whose fiscal year begins on or after April 1, 2015. MCA was of the objective that there are certain particular issues that are important

Draft Format of Directors Report: Small Company

All the registered companies are required to hold annual general meetings and file the company’s annual return with the ministry of corporate affairs.  Undoubtedly a director’s report is a very important document for all types of companies. According to the Companies Act, 2013 every board of directors of a company has to attach the reports

Trademark Search

A trademark search is a vital tool in your business’s marketing arsenal. This process enables you to identify trademarks already used within the market and gain insights into them. Moreover, it helps you ascertain if someone is attempting to register a trademark that might infringe upon your brand name or other brand-related identifiers. Here, we

gst registration application approval

Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST,

Declaration and Payment of Dividend Under Companies Act 2013

Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by