Benefits of Nidhi Company Registration

By Aruna Bhayana June 14, 2018

Nidhi is ‘Treasure’ and in the financial market, however, Nidhi Company means a company which tries to cultivate the habit of saving by accepting deposits and providing loans amongst its members.

100% Tax Deduction to Farmer Producer Company

By Agam Gupta February 1, 2018

The Modi government has extended the 100% tax deduction to Farmer producer company having 100 crore Turnover.

Can NRI open sole proprietorship in India?

By Paras Mehra September 14, 2017

If any NRI wants to start a sole proprietorship business, then he shall need to take prior permission from the government first or else he need to invest on non repatriation basis i.e. amount once invested cannot be taken back to the country outside India

5 Reasons of Your Startup Failure!

By Paras Mehra May 25, 2017

The equity fight between the co-founder is the foremost reason of failure of lot of startups. We have seen many startups that got a very good response from the market initially.

Can Nidhi Company do Micro Finance (MFI) business or Give Personal Loans in India?

By Paras Mehra April 17, 2017

Nidhi Companies are not allowed to do a Micro Finance business in India. Micro Finance credit is a type of business which has been specifically assigned to Non Banking Financial Companies (NBFC) with a minimum net owned fund of Rs.5 crore.

How to Register a Micro Finance Company in India – A MFI – NBFC in India

By Paras Mehra March 15, 2017

Micro Finance Company is a type of Non Banking Financial Company (NBFC) which is in business of micro (small) credit to a special type of borrowers. It is also known as Micro Finance Institution (MFI).

How to Register a Vehicle (asset) Finance Company in India – A Non Banking Financial Company (NBFC)

By Paras Mehra February 15, 2017

Vehicle Finance Company in India is company which finances the physical assets like automobiles, cars etc. In India, no company can do the business of vehicle finance without the prior registration with the Reserve Bank of India (RBI).

Union Budget Highlights - (2017- 2018) – 10 Critical Points

By Agam Gupta February 1, 2017

On 1st February, 2017, Union Finance Minister Arun Jaitley presented the Union Budget 2017-18 in Lok Sabha. This is the 4th Budget of the NDA or NAMO Government.

How to decide Residential Status of Foreign Company in India - Place of effective Management (POEM) as per Income Tax Act, 1961

By Paras Mehra January 28, 2017

The concept of Place of Effective Management was originally made applicable from 1st April, 2016 however, finance act, 2016 defer the applicability w.e.f 1st April, 2017. Hence, the concept shall be effective w.e.f 1st April, 2017.