What is a Related Party in a Company ?What is a Related Party in a Company? Every transaction must be conducted at an arm’s length distance. When it comes to other transactions that are related party ones then they must be recognized and disclosed separately.Companies Act, 2013 and Accounting Standards and Standards on Auditing issued … Read more
New Company Registration through Central Registration Centre (CRC)On 25th March, 2016 a part of the website of Ministry of Corporate Affairs (MCA) that is used for filing company data, incorporation details etc. went offline. It came back online 2 days later on 27th March, 2016 with a whole new company registration process. The new MCA21 … Read more
When are directors responsible for acts of Company? Lifting of Corporate VeilA company is a separate legal entity and is different from its directors and shareholders. A company is an artificial person and cannot run by itself. It needs humans for it. There are certain cases when inspite of being a separate legal entity, the … Read more
What is Service Tax Registration in India ?Service Tax is an indirect tax that is paid by service receivers to providers on services availed by them.In this way ‘What is Service Tax Registration in India?’, The tax was introduced in India through Finance Act, 1994 and is regulated by Central Board of Excise and Customs (CBEC). … Read more
Maintenance of Books of Accounts for Start-upsBooks of accounts are an integral part of a business. They are a quantitative representation of the state of affairs of an entity. They provide necessary information about a business entity and tell users about its financial health. Without books of accounts it is almost impossible to judge a … Read more