In India, E-invoice is a process of generating and exchanging invoices electronically between businesses and the government. The government has introduced the e-invoicing system as part of its Digital India initiative to reduce paperwork and improve the ease of doing business in the country. As per the latest guidelines by the GSTN, businesses with an annual turnover of more […]

In business, financial management is the practice of handling a company’s finances in a way that allows it to be successful and compliant with regulations. That takes both a high-level plan and boots-on-the-ground execution.When most people think of financial management, they often think of managing their own bank accounts: paying the rent or mortgage, paying

The TransUnion CIBIL Limited came into existence in August of 2000. Started as the Credit Information Bureau (India) in the financial capital of India, Mumbai, CIBIL was the country’s first Credit Bureau. CIBIL began with consumer operations in 2004 and stepped into commercial credit operations in 2006. By 2011, CIBIL Score was accessible to individual consumers as

Cost management is the process of planning and controlling the costs associated with running a business. It includes collecting, analyzing and reporting cost information to more effectively budget, forecast and monitor costs. Cost management practices can be applied to specific projects or to the company’s overall operating model. Cost management typically focuses on generating savings

A Valuation Certificate is a document that establishes the worth of a company or an asset. It is issued by a registered valuer after conducting a thorough valuation process. This certificate provides an authoritative and unbiased estimate of the value, often fulfilling statutory requirements under the Companies Act and RBI Laws in India. Issuance of

A project report is a comprehensive document that outlines the proposal of a project and its potential for success. It is a crucial document required at every stage of applying for land acquisitions, permits, and licenses for setting up an industry in India. The project report provides a 360-degree view of the project and is

E-commerce is booming in India – thanks to shopping portals like Flipkart, SnapDeal and Amazon, which has revolutionized the online shopping experience for Indian consumers. Innovative models like cash on delivery and same-day delivery backed by low prices have spurred more customer to purchase online, making Flipkart – India’s largest electronic commerce store. Flipkart sold

Replacement of bankruptcy trustee. (1) Where committee of creditors is of the opinion that at any time during the bankruptcy process, a bankruptcy trustee appointed under section 125 is required to be replaced, it may replace him with another bankruptcy trustee in the manner provided under this section. (2) The committee of creditors may, at a meeting, by a vote of seventy-five per cent. of voting share,

The Ministry of Micro, Small, and Medium Enterprises (MSME) was approved in India in 2006. Enterprises in the manufacturing sector and enterprises in the service sector are the two types of enterprises that can register under the MSME Act. The pillar of strength for the country’s economy is MSME. Micro, small, and medium enterprises are