Business – Neeraj Bhagat & Co.

September 11, 2020 / Business

Companies Fresh Start Scheme, 2020 –One time last opportunity to get rectify non-compliances

The MCA on 30th March 2020 launched a compliance relaxation scheme namely, Companies Fresh Start Scheme, 2020. The Scheme was formulated to provide opportunities to companies to make good of any filing default, and make a fresh start as a fully legally compliant entity. The crux of Schemes is to provide a one-time waiver towards payment of additional filing fees by companies with the Registrar of Companies during the term of the Scheme, i.e.: from 1 st April 2020 to …

August 17, 2020 / Business

Startup And Sweat Equity Shares

Startup: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

Who can be registered as Startup?

Private Limited Company
Registered Partnership Firm
limited liability partnership (LLP)

Note: – 1. An entity is eligible to be recognized as start upto a period 10 years from the date of incorporation.

2. Startup …

August 13, 2020 / Business

ESOP Vs Sweat Equity Shares

An employee is the key of the success of every organization and every employee deserves to be compensated for the efforts made by them to make the organization successful in the competitive market and the issue of Sweat Equity shares and ESOP is the best way to compensate them also in order to motivate the morale of the employees and also to retain them for long term, Companies opt following modes of issue:

“Employee Stock Option’ (ESOP) has been …

July 31, 2020 / Business

Comparison between Liaison Office, Project Office & Branch Office

Liaison Office
Companies incorporated outside India can open ‘Liaison Office’ (also known as representative office) in India. Liaison office is a place of business to act as a channel of communication between the principal place of business or Head Office. The Liaison office can undertake only liaison activities, it is not allowed to undertake any business activity in India and cannot earn any Income in India. The activity of the Liaison office can be better undertaken with the aforesaid …

July 9, 2020 / Business

Recognition and Benefits for Startups including Tax Benefits

Startup India Scheme is an initiative by the Government of India under leadership of Mr. Narendra Modi for generation of employment and wealth creation. The goal of Startup India is to develop and innovate products and services and increase the employment rate in India.

To promote growth and help Indian economy, many benefits are being given to entrepreneurs establishing startups.

Department for Promotion of Industry and Internal Trade (DPIIT) considers an entity as a startup only up to a period …

July 8, 2020 / Business

Subsidiary Company Vs Liaison office

India has been growing at a rapid pace to transform into one of the largest and fastest growing market, with having access to some of the best human resources in the world.

There are many options through which one can start business in India.

Setting up Subsidiary or Liaison Office in India can be one of the option for the foreign entities to undertake activities in India. Let’s have a comparative view on both the options:

Comparison of Subsidiary

…

May 27, 2020 / Business

AGM through VC or other OAVM for FY 2019-20

Annual General Meeting (AGM) through Video Conferencing (VC) or other Audio Visual Means (OAVM) for FY 2019-20

In view of the difficulties faced by the stakeholders on account of threat posed by Covid-19, MCA on 05.05.2020 has come up with Circular No. 20/2020, allowing companies to conduct AGM through VC or OAVM, beneath are some FAQs on the same:

Companies providing facility of E-voting under Section 108 are:

Companies which has listed its Equity shares on recognized Stock Exchange and …

May 15, 2020 / Business

Package under PM’s Aatmanirbhar Bharat Plan [Part-1]

PM in his speech quoted ‘Jaanbhi, Jahan bhi’ amidst nation-wide lockdown due to COVID-19 pandemic. To make it possible the Hon’ble PM in his speech on 12.05.2020 proposed robust economic reforms for 20 trillion rupees which is roughly 10% of India’s GDP.

Therefore, the FM announced the first part of continuous series of reforms on 13.05.2020. Total 15 kinds of reforms were proposed by FM in different sector with more to come. In this article, an effort is being made …

April 29, 2020 / Business

COVID-19 and its Impact on Indian Economy & Business

Besides the impact on human lives and global supply chain, the pandemic is a severe demand shock which has offset the green shoots of recovery of the Indian economy that were visible towards the end of 2019 and early 2020.The International Monetary Fund (IMF) has projected the Indian economy to grow at 1.9% in 2020-21. Nearly 162 countries are steadily going into lockdown, and businesses across the globe are operating in fear of an impending collapse of global financial markets. …

April 23, 2020 / Business

Some Useful Excel Functions for Chartered Accountants

Working as a Chartered Accountant or an Article in any company or firm, it is always expected from us that we are perfect in numbers as far as financial numbers are concerned. The one tool which is very common and useful in every industry and in every country, is MS-Excel.

So, in this article we have tried to enumerate some of the Excel functions which are very useful.

> SUMIF FUNCTION
The SUMIF function is used when a huge number …