Gujarat Property Registration

Gujarat property registration procedure is governed by the Registration (Gujarat Amendment) Act, 1908. Any transactions that involve an immovable property should be registered to ensure clear transfer of title to the property owner. Once the property registration procedures has been completed, it becomes a permanent public record. Immovable property registration process involves the preparation of deeds, paying […]

Small Industries Development Bank of India

The Small Industries Development Bank of India/ SIDBI was formed under the Department of Financial Services in the Ministry of Commerce.SIDBI primarily focusses on the development of the MSME Sector along with the promotion of energy efficiency and cleaner production.The bank plays a vital role in helping micro, small and medium enterprises acquire necessary funds

What is Form 16

Form 16 is a certificate that denotes the fine breakup of salary income and the Tax Deducted at Source amount deducted by the employer. It is associated with Income tax and is used by companies to provide their salaried individuals’ information on the tax deducted. In simple words, Form 16 means a document provided by

Section 161 – THE PATENTS ACT, 1970

Special provisions with respect to certain applications deemed to have been refused under Act 2 of 1911 — [Omitted by the Patents (Amendment) Act, 2002] Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI

How can a company take Loan from directors and relatives and shareholders?

Funds borrowed from people who are either a part of the firm or have a personal connection to the directors are loans from directors, shareholders, and relatives of the directors.  When a business is unable to secure finance from conventional sources like banks or financial organizations, these loans can help. Businesses in India may borrow

Difference between TIN, TAN, VAT, PAN, DSC and DIN

A person must comprehend the fundamental differences between the TIN, TAN, PAT, DIN, DSC, and VAT before starting a firm. These three-letter terms are extremely important for any business owner to grasp since they will aid in understanding the compliance requirements when starting a business and engaging in any financial activity with the intent of

Employee Provident Fund (EPF)

The Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF. The current rate of interest on EPF deposits is 8.15% p.a. The

City Union Bank Current Account

City Union Bank was incorporated as ‘The Kumbakonam Bank Limited‘ back in 1904. S.Krishna Iyer, Sarvashri R. Santhanam Iyer, and V.Krishnaswami Iyenga were some of the twenty citizens of Kumbakonam who signed the first Memorandum of Association. Initially, the bank was founded as a regional bank. In 1965, there was an amalgamation of the bank with

Generation of UDIN by PCS

For strengthening the practicing side of the Company Secretaries the ICSI has now initiated to use of the UDIN for attestation and certification of service documents by all company secretaries. The UDIN is the Unique Document Identification Number. The rules governing has been added vide terms of Clause(I), Part 2 of the second schedule of

Registration of organisation

NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. An NGO established as Section 8 company under the Companies Act, 2013 (‘Act’) is governed by the Ministry of Corporate Affairs (‘MCA’) whereas the NGO registered as a trust or society is governed by the registrar of state under the State Government. Section 8 company