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MSMEs have been badly hit due to COVID19 need additional funding to meet operational liabilities bui...
MSMEs have been badly hit due to COVID19 need additional funding to meet operational liabilities built up, buy raw material and restart business. Government has taken major steps for MSME.
SPICe Plus- New initiative for Ease of Doing Business for Startups
Consequences of Non-filing of GST return
All will be interested to convert their ideas into the business. Business is basically a blueprint that will convert your ideas from the startup phase to establishment and that will eventually grow your business.
Many startups got confused between Private Limited Company and Limited Liability Partnership. Lets discuss the key features in both.
The first step that is to be done after incorporation of the company is the holding of the Board meeting of the Company. Every Company is required to hold its first Board Meeting within 30 days of its incorporation
Develop clarity of the business idea, understand its demand as a sustained profit generating enterprise and Capacity building of key promoters /stakeholders on skilful management of Funds Invested and Borrowed, vis a vis the resources deployed, e.g. men, material, machines, and market worthiness of the products or services
There are different kinds of business structure, and each type has different compliance. The foremost and pretty crucial thing after the incorporation of a business entity is to follow up with its compliances.
Svena Sutrapat is conducting the learning series “Shrut”, catering to meaningful and relevant aspects associated with business units – micro, small, medium, and large. The series includes interactive sessions to be delivered by enriched professionals, with depths of realistic insight acquired by them over the years.
For Entrepreneurs, Promoters, Incubatees, Start-up Consultants, Faculty teaching Management or Entrepreneurship, Freelancers, Business Persons looking Investment for expansion are cordially invited
As a part of Annual Filing, Companies incorporated under the Companies Act 1956 or Companies Act 2013, are required to file their annual accounts and annual return with the concerned Registrar of Companies (ROC) within 30 days and 60 days respectively from the conclusion of Annual General Meeting of the Company.
As part of updating its registry, MCA is conducting KYC of Directors of all companies annually through a new eform viz. DIR-3 KYC and DIR-3 KYC-WEB.
MCA has recently mandated every specified company to file MSME Form I, wherein details of all outstanding dues (the amount of payment due and the reason of the delay) to Micro or small enterprises suppliers existing on 22nd January, 2019 within thirty days i.e. by 21st February, 2019.
Business Commencement Certificate-mandatory for newly registered Companies (Form INC-20A)
MCA is going to launch 2 new forms for LLP incorporation namely, RUN-LLP and FiLLiP for name approval and registration form for incorporation of new LLPs.
MCA has extended the last date of filing DIR -3KYC without any filing fees upto 15/09/2018 from 31/08/2018. The fees of ₹5,000/- shall be applicable & payable on all delayed filings w.e.f 16/09/2018.
Form DIR3-KYC is likely to be revised on MCA21 Company Forms Download page w.e.f 4th AUG 2018. Stakeholders are advised to check the latest version before filing.
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income Tax Returns from July 31, 2018, to August 31, 2018, for certain categories of taxpayers.
Notices has been sent to taxpayers who's GST return has not been filed
MCA has recently mandated every company other than Government Company shall file a onetime return in Form DPT-3 of the outstanding
GST filing now in staggered manner
Last Date for Filling of GSTR-1 without Late Fees for July-17 to September-19 extended to 17th January 2020.
GST Annual Return date extended
Ezee Startup