The Last date for Submission of Annual Returns & Balance sheet in respect of Companies who have not filed the same has been extended till 15h of December 2011. Those companies who are in default of filing their Annual Returns and Balance Sheet/Profit & Loss Account for the previous years can make use of this […]
Last date for Company law Settlement Scheme 2011 extended Read More »
The following are the Various Statutory Obligations for the month of October 2011. Payment of Service Tax The last date for Payment of Service tax pertaining to the Quarter 2 (July 2011 to Sep 2011) is 5th of October 2011. In case of e-payment, the due date is 6th of October 2011. In case of
Statutory Obligations for the month of October 2011 Read More »
The Ministry of Company Affairs has introduced a new scheme namely “Company Law Settlement Scheme , 2011“. The Salient Features of this scheme are :- 1) This scheme condones the delay in filing of Documents with Registrar of Companies. 2) It also grants immunity from prosecution 3) The additional fees payable will be only 25%
Company Law Settlement Scheme 2011-Last Chance to file your belated ROC returns Read More »
As per recent Notification from the Ministry of Corporate Affairs, the DPIN (Designated Partner Identification Number) has been replaced by DIN (Director Identification). In view of the above, any person who is intending to become a designated partner in an LLP shall apply for DIN and get the same approved. If a person holds both
Due to demand from many Companies and public in general, the Ministry of Corporate Affairs has decided to extend the applicability of the Easy Exit Scheme 2011. The Scheme will be in operation till 30th of April 2011. Those defunct Companies willing to close down their operations shall make use of this opportunity. Click here
Easy Exit Scheme 2011 Extended Read More »
The sole proprietorship is the oldest, simplest, and most common form of business entity. It is a business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same. The proprietorship is not taxed as separate entity. Note that the earnings of the business are
SOLE PROPRIETORSHIP IN INDIA Read More »
A partnership is a business entity having two or more owners. Earnings are distributed according to the partnership agreement and are treated as personal income for tax purposes. Thus, like the sole proprietorship, the partnership is simply a conduit for directing income to its partners. Partnership has a unique liability situation. Each partner is jointly
PARTNERSHIP FIRM IN INDIA Read More »
This scheme is applicable in respective of Companies which have been registered under the Companies Act,1956 , but due to various reasons could not be operative since incorporation or commenced business but became inoperative later on. These defunct companies have an option of getting their names strike off from the Register of Companies. In
Easy Exit Scheme 2011 Read More »
A private limited company is a voluntary association of not less than two and not more than fifty members, whose liability is limited, the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. Its main features are :-
PRIVATE LIMITED COMPANY IN INDIA Read More »
Comparison between Proprietorship, Partnership & Private Limited Companies
Proprietorship,Partnership & Private Limited Company Comparison Read More »
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