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KVIC Registration of Institutions

KVIC Registration of Institutions

The Khadi and Village Industries Commission (KVIC) is a statutory body established by the Government of India under the Khadi and Village Industries Commission Act, 1956. It promotes and supports the development of khadi and village industries in rural areas, generating self-employment and boosting the rural economy. Institutions and organizations looking to engage in khadi […]

NRE & NRO Accounts

NRE & NRO Accounts

Non Resident External (NRE) and Non-Resident Ordinary Rupee accounts are two kinds of bank accounts that concern NRIs or Non Resident Indians. They are extremely essential for you on a legal note in case you are an NRI. According to Indian laws, specifically, Foreign Exchange Management Act (Fema), does not allow you to park your

Complete Overview of NBFC Takeover Procedure in India

Complete Overview of NBFC Takeover Procedure in India

NBFC stands for Non-Banking Financial Company registered under the Companies Act. Its main business activity is giving loans and advances, assets financing, investing in shares, debentures and other marketable securities. It also provides working capital loans and credit facilities. While retaining the basic compliance requirement, RBI is simultaneously making the business of NBFCs smoother. Smaller

Discount Formula

Discount Formula

A discount is a reduction in the original price of a product or service, often offered by sellers to attract customers or clear out inventory. The discount formula helps in calculating the reduced price or the amount saved.Discount in Mathematics is defined as the reduction in price of any service and product. Discount is offered by

Who can be appointed as Statutory Auditor?

Who can be appointed as Statutory Auditor

Any individual trained to review and verify accounting data and recognised as a Chartered Accountant (CA) under the Chartered Accountant Act, 1949 is deemed to be an auditor. Every company needs to appoint an auditor as per the provisions of the Companies Act, 2013. Every business established under the 2013 Companies Act is required to

Delhi Drivers License

Delhi Driver's License

The Indian government standardises drivers by issuing driving licences for a variety of purposes other than the obvious. With more accidents than ever before caused by unlicensed drivers who violate traffic rules and regulations, the Delhi government is cracking down harder than ever on miscreants. Types of Driving Licenses Learner’s Licence: This is a provisional licence,

Brief Overview of FSSAI Registration for Retailers

Brief Overview of FSSAI Registration for Retailers

Food safety is extremely important to a country’s and its citizen’s health. Administering adultery-free and safe food is very important for a healthier nation. The Food Safety and Standards Authority of India is significant in regulating food safety and hygiene standards among food service providers throughout the country. What is FSSAI Registration? In India, the

Caste certificate in India

Caste certificate in India

The Indian Government started the system of issuing caste certificate as a part of the ‘Indian System of Protective Discrimination’ to provide special privileges to the individuals belonging to certain caste. Caste Certificate is a document that proves the original caste of the Indian citizen and helps them to avail benefits from the Central Government of India

Axis Bank Savings Account Interest Rate

Axis Bank Savings Account Interest Rate

Axis Bank provides consumers with a wide range of savings accounts, as well as personalized services, and appealing incentives. Axis Bank savings account offers interest rates starting at 3.00% p.a. Customers may plan and track their money, as well as save significantly and receive interest on their savings. With a plethora of options, Axis Bank

Chennai Property Tax

Chennai Property Tax

Property tax is levied on buildings and vacant land unless specifically exempted. The municipality entrusted with regulating, managing and collecting property tax in Chennai is ‘The Greater Chennai Corporation’. As per the regulation, Greater Chennai Corporation adopts reasonable letting value (RLV) to arrive at annual rental value (ARV), which is used to compute half-yearly tax