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Format of Director Appointment Letter, Resolution & Form DIR-8
The Director of a company is a person elected by the shareholders for managing the affairs of the company as per the Memorandum of Association and Articles of Association of the company.
NBFC widens the scope of entities which can engage in factoring business via Factoring Amendment Bill 2021
A factoring business is a business where an entity acquires the receivables of another entity for an amount. However, credit facilities provided by a bank is not considered factoring business.
Incorporation of Incubators - Business Entrepreneurship
Under the Atal Innovation Mission, the Government is setting up Atal Incubation Centres in the public and private sector as well as scaling up Established Incubation Centres.
Some Facts Related To Consequential Loss (Fire) Policy Or Loss Of Profit Policy
Any interruption in business operations caused by fire or other special perils, resulting in a financial loss of various kinds is called consequential loss.
All about CARO 2020
CARO 2020 is a new concept for the issue of audit reports in case of statutory audits of companies under the Companies Act, 2013. It is applicable for all statutory audits commencing on or after 1st April 2020.
Raksha Bandhan: Relation between seller and buyer under GST
A taxpayer should reconcile the purchases with sales shown by the seller i.e. Party wise reconciliation of all purchase transactions with GSTR-2A should be made.
Business Continuity Planning (BCP) and its Importance!
Business continuity planning establishes risk management procedures that aim to prevent interruptions to mission-critical services and re-establish full function to the organization.
Restrictions imposed on travel abroad under Section 5(3)(F) of IBC, 2016
DRT does not have power to impound the passport of an individual and impose restrictions on his travel abroad. Any restriction of travel abroad will be violative of Articles 21 and 14 of the Constitution of India.
Concept of soft and hard market cycles under insurance
In a soft market, buyers have more bargaining and negotiation power while in a hard market the negotiation power of buyers is less as they are not in a position to quote their terms and conditions.
Highlights of the amendments passed in the LLP Act, 2008 through the LLP (Amendment) Act, 2021
The Act has converted certain offences into civil defaults. It has also defined small LLP, provides for the appointment of certain adjudicating officers, and establishment of special courts.
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