Key Highlights of Union Budget of India FY 2019-20

UNION BUDGET FOR STARTUPS Union budget is the Annual Financial Statement which is presented on the 1st day of February by the Finance Minister of India. In the Union Budget of 2019 startups get a major boost who are having a hard time dealing with Angel Tax. Earlier...
Save penalty for non-filing of LLP annual returns

Save penalty for non-filing of LLP annual returns

Every LLP is required to file an annual return in Form 11 to the registrar of companies (RoC) within 60 days from the closure of the financial year in order to avoid legal actions against the legal entity. Hence, any non-filing of annual return attracts compensation...
How to Start a Nidhi Company In India?

How to Start a Nidhi Company In India?

Nidhi company is a Non-Banking Finance Corporation (NBFC) which is more popular in the southern part of India. It is recognized under section 406 of the Companies Act, 2013 and is governed by the Companies Act, 2013 and Companies (Nidhi Companies) Rules, 2014. It...
How to close a private limited company?

How to close a private limited company?

The winding of a company is the end of its life and its property administration for the benefit of its creditors and members. You have to appoint a liquidator who will take control of the Company, collects its assets, pays its debts and finally distributes any surplus...