All About Electronics Hardware Technology Park (EHTP) Scheme

EHTP is abbreviated form of Electronic Hardware Technology Park Scheme which is launched by the Ministry of Electronics and Information Technology, Government of India to encourage the entrepreneurs in establishing manufacturing units of the electronic hardware equipment. The EHTP scheme aims to promoting entrepreneurs in mounting Hardware Technology Parks anywhere in India for exporting their produced electronics goods. Various benefits and assistances are provided under the export-oriented scheme to increase… Read More »All About Electronics Hardware Technology Park (EHTP) Scheme

Faceless Assessment

The Central Government introduced the Faceless Assessment Scheme to provide greater transparency, efficiency & accountability in Income Tax assessments. All provisions makes in Faceless Assessment comes under the Income Tax Act, 1961, are introduced to- (a) Alienate the interface between the Assessing Officer & the person who are assessee at the time of proceedings, to the range that is technically feasible. (b) Optimize the utilization of resources through the economies… Read More »Faceless Assessment

All About Export Oriented Unit Scheme

EOU scheme is abbreviation of Export Oriented Units (EOUs) scheme. The EOUs scheme introduced in early 1981 is complementary to the SEZ scheme. It adopts the same production arrangement provide a broad option in locations with reference to factors such as source of raw materials, ports of export, hinterland facilities, availability of technological skills, existence of an industrial base & the requirement for a larger area of land for the… Read More »All About Export Oriented Unit Scheme

Related Party Transaction | Section 188 | Companies Act, 2013

The related-party transaction refers to a deal which made between 2 parties who are joined either by a pre-existing business relationship or by the common interest. Companies oft find business deals with parties with whom they are familiar or have a common interest. Though related-party transactions are legal themselves, they may frame conflicts of interest or lead to other illegal situations. Public companies need to disclose these transactions. Under the… Read More »Related Party Transaction | Section 188 | Companies Act, 2013

ESOP Vs Sweat Equity Shares

Sweat Equity Shares is commonly known as equity shares issued by a company to its employees or directors at a discount or for consideration other than cash. In other term, it refers to the allotment of equity shares to employees as compensation for the efforts & hard work they provided in the growth and success of the company. The issuing of “sweat equity” can help the company to attract and… Read More »ESOP Vs Sweat Equity Shares

All About ESOP

ESOPs is a short form of Employee Stock Ownership Plans which gives workers ownership interest in the company. ESOP is a system under which generally the employees are given a right to get shares of the Company for which they are working. ESOP is a program that provides shares or ownership interest to a company’s staff in the company. Under the program, the employees of a company are allowed to… Read More »All About ESOP

NIC Codes Under UDYAM Registration

National Industrial Classification code is also known as NIC Code is an inevitable statistical standard designed to analyse and compare contribution of each business entity in the asset development of the Indian Government. An accumulative data of multiple firms is used to measure economically active populace and its conveyance, arrange different types of labour, work insights of the distinctive fields, and other financial information, such as national salary.  The NIC… Read More »NIC Codes Under UDYAM Registration

Annual Return Under FSSAI

FSSAI is commonly known as Food Safety and Standards Authority of India which is an organization that monitors & governs the food business in India. It is an autonomous body who worked under the Ministry of Health & Family Welfare, Government of India. The FSSAI established and work under the Food Safety and Standards Act, 2006 (FSS Act) which is a consolidating statute related to food safety and regulation in… Read More »Annual Return Under FSSAI

All About DPT-3

DPT–3 form is the statement return which is needed to be filed by every company except government company which has accepted deposits as per the definition mentioned in section 73 and rules made thereunder. DPT–3 form is filed as per the rule 16 of Companies (Acceptance of deposit) rules. It is a one-time return form of loans that required to be filed by a company who has outstanding loans not… Read More »All About DPT-3

All About DIR KYC-3

Director Identification Number also known as DIN, refers to a unique identification number allotted to an individual who is willing to be a director or is an existing director of a company. DIN is earned by filing a form known as e-Form DIR-3, which was initially a single-time process to be carried out by the one who wishes to become a director in one or more than one company. Important… Read More »All About DIR KYC-3