The Complete Legal Process Involved in Striking-Off an Indian Company Every entrepreneur dreams of being successful in his business, but some ventures fail due to certain unexpected reasons. If a business is unsuccessful, and the members have decided to close the company, they have to follow specific rules. There are two procedures for closing the…
The Procedure of ESOP for Startups and its Advantages Studies reveal that the number of startups in India has grown exponentially in recent years. To outdo the competition and be successful, startups need systematic planning of resources by getting the right assets and tools, along with an efficient team. Retaining existing employees by leveraging innovative…
The Steps of an Accounting Cycle You Need to Know About Every business, big or small, must have a proper accounting system in place to record its financial transactions systematically. The company must update all financial records from time to time if their business is to run efficiently. Well, there are eight essential steps of…
The Legal Issues Involved in Authorization to Sign Contracts Authorization to sign contracts on behalf of a company means an individual has legal permission to sign official documents for separate legal entities. Once you decide to form a company for conducting your business, the company transforms into a separate legal entity. If you are not…
Types of Accounting in India: Evolution of India’s Accounting Service Branches Rapid economic boom triggered by the influx of investments both local and international saw accounting services evolves into many forms. The evolution primarily aimed at providing speciality accounting services depending on the circumstances. Further fueled by the onset of digital technology, the emergence of…
Outsource or In-House Accounting: Which is Better for Your Business in India? Many businesses fail not because they have run out of clients from whom they draw revenues. Most of these businesses are doomed because they have failed to keep track of their activities and position in the market. Doomed businesses have one common denominator…
Why Running an Effective Board Meeting in India is Important Board members are exhausted from regular and continuous meetings with stable barrages and cumbersome presentations. Hence finding out new ways to conduct effective board meetings is essential for more effectiveness and business growth. There is a lot of effort that goes into preparing for the…
Education Business Ideas in India: Going Farther Through Education Consistent with India’s economic boom is the government’s parallel approach to raising the level of literacy, knowledge and skills of its local workforce. However, India would only be able to do it by offering economic perks that would lure in private entities into engaging in the…
Private Companies’ Legitimacy on Issue of Shares in India Booming business does not necessarily translate shun on the need for help. In fact, it seems the other way around. The bigger the business grows, the more they need to raise capital if only to defray the cost of expansion. If private companies need capital, India’s…
Understanding A GST Bill You must have a better understanding of GST Bill. Goods and service tax in India is an indirect tax which was introduced in India on 1st July 2017 to impose on the supply of goods and services. The different products have different GST rates. As 5% of ready-made garments, 18% on…
