A nidhi company, is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company. They are regulated
Every Food Business Operator is required to be licensed/registered under the FSSAI. FSSAI Registration is required by small businesses like hawkers, petty retailers, etc whose annual turnover is less than Rs.12 lakhs per year. All food businesses exceeding this annual turnover limit of Rs 12 lakhs per year require a FSSAI License.
The idea behind introducing Udyog Aadhar was to simplify the procedural format that business owners had to go through in order to register their business under Micro Small Medium Enterprise or MSME. Before the introduction of Udyog Aadhar, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used
Section 8 Company can be registered for charitable purposes. Section 8 Companies are similar to Trusts and Associations. IndiaFilings can help you check Section 8 company name availability and register a Section 8 Company in India with Jilian Consultants. " a non-profit organisation can be registered as Trust by executing a
The economy of India is an agricultural centric economy. Around 60% of population depends on agricultural activities for their livelihood. But, the primary producers and farmers have had a long struggle in India. In order to address these problems, the Government of India set up an expert committee, led by Y.K. Alagh (an economist)
Finance Minister Nirmala Sitharaman would need to make some very tricky choices as she presents the Budget this year for 2020-2021. She would need to lift the economy without damaging the fiscal position of the government; boost consumption and at the same time substantially enhance investments. "The recent growth of
All you need to know about Indian Import and Export Codes GalleryBusiness registration in India, China Business Opportunities, China Company Formation, China Financial Industry, China Foreign Investment, China Import Regulation, China tariff reduction on import goods, Company Formation, Company Formation in India, Company Incorporation, Company Registration
IEC is a 10 digit identification number that is issued by the DGFT (Director General of Foreign Trade). It is mandatory for companies and businesses to obtain this code to start a business that deals with import and export in the Indian Territory. It is not possible to deal with export and import business
On sept 20th 2019 the Finance Minister surprised everybody a pleasant surprise indeed when she came out and made a series of announcements to revive a sagging economy. This was the government's decision to reduce the corporate income tax rate from about 30% to an effective rate of twenty 25.17% this has been an assistant
Despite the few drawbacks of setting up a company in Hong Kong such as the need to travel to Hong Kong to open a corporate bank account, rising expat packages, and the low quality of conversational English, Hong Kong is still one of the key investment locations for businesses looking to enter the Asian market.
GST Council in the 37th meeting held on 20.09.2019 at Goa took the following decisions in respect to rates relating to goods. 01. GST rates reduction, - a) 18% to 12% on parts of Slide Fasteners b) 18% to 5% on Marine Fuel 0.5% (FO) c) 12% to 5% on Wet Grinders (consisting stone as