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Showing posts from February, 2022

Company Annual filing return for F.Y. 20-21 further extended

  Businesses are happy that their ROC timeframe for AGM in FY 2020-21 is extended. The requests of various corporations as well as other stakeholders led to this latest MCA announcement. The postponement for this year's FY21 annual General Meeting (AGM) was requested by companies all over the nation. Annual compliance deadlines for FY-2021-2022 have been delayed by the ROC.. But, in response to several requests from auditors The deadline for filing the ROC Return was extended further. In the article, you'll find out the latest version of the annual company tax return filed for F.Y. 20-21. It is also extended. Latest Notice: Annual return to file for F.Y. 20-21 is further extended The ROC has extended the deadline for businesses to file annual reports for the fiscal year 2020-21, which concluded at the end of March 2021 by one month. The companies can now complete annual reports and comply with the ROC rules for the fiscal year 2021 without incurring late fees. The official noti...

Union Budget 2022 Highlights

  A draft version of the Union Budget for the year 2022 was announced one day in February by Financial Minister Nirmala Sitharaman. Sitharaman is India's Finance Minister presented the Union Budget 2022 to Parliament. In honor of the celebration of "Azadi ka Amrit Mahotsav 2022," the budget is referred to as"the "Amrit Budget." According to Finance Minister, the growth of India's GDP for the period 2022-23 will be 9.2 percent which is greater than any other important economic growth rate. This shows that India has gotten over the gloom of pandemics and is poised to be a leader in the global economy in the coming years. In this article, we'll examine how the Union Budget 2022 Highlights. Union Budget 2022 Highlights for MSME Credit guarantee trust that is primarily for small and micro-sized companies will be restructured to provide the required capital infusion. This will lead to the addition of 2 lakh crores for small and medium-sized enterprises, a...

Procedure for Partnership Firm Bank Account Opening

Every business requires an account with a bank to run its business. A bank account that is current has many advantages. So, knowing the process for opening a Partnership Firm Bank Account will help you greatly. You do not have to visit the branch of the bank. You can now open a current bank account online from the office or at home. Additionally, the current bank account could help you save time, energy, and even money. Through this post, you'll learn the specific steps to follow for opening a Partnership Firm Bank Account opening. What is a Partnership Firm? The Partnership Firm registration can be described as a business venture that is run by 2 or more partners. Simply put, an agreement to register a partnership firm permits entrepreneurs to join forces and manage their business under an independent legal entity. Partnership Firm also means that the partners of the company share profits and liabilities according to their own agreements. In a partnership firm, business partners ...

All about shop establishment license in India

  Every business operating in India should be aware of the shop establishment license in India. It is crucial for all businesses to possess a Shop Establishment License or Registration in order to begin conducting business. Additionally, it is essential for warehouses and offices. Through this post, you'll learn more about the store establishment permits in India. What is a shop establishment license in India? In India, it is mandatory for every establishment and business to have a Shop Establishment License . The primary purpose of the Shop Establishment License in India is to enforce regulation and enhance the working conditions of offices and shops. It also strives to improve and give rights to workers and employees. This includes pay, leave working hours, breaks of meals, and rest periods as well as accidents, dismissal, and others. The Shop Establishment registration validity is different from time to the. It all depends on the laws and regulations of the state. Certain state...