In the realm of financial transactions, the transfer of shares carries legal obligations, particularly concerning the payment of stamp duty. Defined under the Indian Stamp Act, 1899, stamp duty is a levy imposed by the Central Government on various instruments, including those involved in share...
In accordance with the Companies Act of 2013, a director, as defined in Section 2(34), refers to an individual appointed to the board of a company. Their role entails executing the company's duties and functions within the framework outlined by the Act....
In this detailed blog, the complexities surrounding dropshipping businesses in India and their compliance with Goods and Services Tax (GST) regulations will be explored. The rise of dropshipping is notable for its inventory-free model, which eliminates substantial investments and mitigates the risk of dead stock....
Leave Travel Allowance (LTA) serves as a pivotal component of employee compensation, offering tax benefits. Essentially, it involves remuneration provided by employers to facilitate employee travel within the country during periods of leave, whether with family or alone. LTA is a tax-free allowance, exempted under...
In the realm of business, trademarks play a pivotal role, offering exclusive rights to employ specific shapes, symbols, and colors on goods associated with a particular enterprise. The process of securing a trademark necessitates meticulous planning and execution, especially in India, where approval from the...
In the realm of corporate finance, comprehending the disparity between authorized capital and paid-up share capital is essential. When companies opt to raise funds through share issuance, they delineate their capital structure in financial statements, which often includes these two terms. While confusion may arise...
The IT sector in India has undergone substantial transformation with the introduction of the Goods and Services Tax (GST) regime. Prior to GST, the taxation system in India was convoluted, burdened with multiple taxes, intricate compliance requirements, and tax cascading issues. However, with the implementation...
The Food Safety and Standards Authority of India (FSSAI) enforces regulations governing food businesses in accordance with the FSSAI Act 2006. It is imperative for individuals involved in food-related enterprises to acquire an FSSAI license. Renewing the FSSAI license is of equal significance as obtaining...
In contemporary corporate governance, Secretarial Audit emerges as a crucial mechanism for evaluating compliance with a spectrum of legislative frameworks, including the Companies Act and related economic laws. This audit entails an independent evaluation by a certified professional, typically a member of the Institute of...
Ever pondered upon how companies utilize their accumulated profits or respond when their share prices surge? Frequently, they opt to distribute bonus shares to existing shareholders based on their current shareholdings. These bonus shares are extra shares provided by a company to its current shareholders...
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