Starting a business entails planning, market research, and understanding the legal and compliance requirements. Let’s go through the below listed five essential requirements while starting a business.  1. Determine the type of business you wish to start In India, you can register your business as one of the many options available. The requirements and regulations[...]

What is Trademark? A trademark is a brand or logo that can be used to identify your goods from the products of your competitors. Trademarks are included under Intellectual Property rights along with copyrights and patents. The trademark should be registered if you want your company, brand, product, or service to have its own distinct[...]

Corporate Social Responsibility (CSR) is a concept that holds companies accountable for contributing to the economic, social, and environmental development of the society in which they operate. CSR, or corporate social responsibility, is a type of self-regulation representing a company’s accountability and commitment to contribute to the well-being of communities and society. CSR is critical[...]

Registering a branch office allows a foreign firm to function as a legal business entity in India. The branch office can do business as the parent firm does in their home country. Nonetheless, a branch office is constrained when it comes to industrial activity. A branch office, for example, cannot directly engage in manufacturing operations,[...]

GST is an abbreviation for Goods and Services Tax, a national tax applied to the manufacturing, sale, or consumption of goods and services. The GST has replaced all indirect taxes imposed in India, including service tax, value-added tax (VAT), central excise duty, etc. The GST attempts to simplify the taxation system by establishing a single[...]

India is the world’s ninth-largest economy, with $2.3 trillion in GDP, and the third-largest by purchasing power parity, with $8 trillion. Nevertheless, manufacturing contributes only 16% of the country’s GDP, while the services sector accounts for roughly 52%. India accounts for only 2% of global industrial output or one-tenth of what its neighbour China generates.[...]

Direct Foreign investment is an investment made by an individual or a company in another country’s business. This entity is not a resident of the nation where the investment is made. Foreign direct investment is more than just a transfer of capital; the concept of controlling ownership distinguishes it. It is therefore differentiated by direct[...]

The Finance Minister Nirmala Sitharaman unveiled the Budget for the forthcoming fiscal year on February 1, 2023. The new Budget lays the groundwork for a more inclusive and empowered economy. Green Growth, Youth Power, Financial Sector, Equitable Development, Reaching the Last Mile, Infrastructure and Investment, and Unleashing Potential were the Budget’s top seven goals.  The[...]

A limited liability partnership (LLP) is a corporate organisation that is organised similarly to a partnership but provides the advantages of a corporation. An LLP’s partners have limited responsibility to the organisation and are not responsible for the activities of another partner. The Ministry of Corporate Affairs renamed the Limited Liability Partnership (Second Amendment) Regulations,[...]

Corporate restructuring refers to reorganizing a company’s structure, operations, and ownership to improve its performance and competitiveness. While restructuring can be a complex and challenging process, it can also offer significant benefits to companies undertaking it. Any such effort also tries to improve the business entity’s efficiency. A corporate restructuring operation may include, among other[...]