Benefit of MSME Registration Contributed By: Swati Sharma Email id: swati@simplybiz.in The Micro, Small, and Medium Enterprises (MSME) sector has played a pivotal role in the Indian economy for the past five decades. These enterprises are classified into three categories based on their investment in plant and machinery or equipment and their annual turnover. a […]
India Shining
Corporate Actions – Taxation
Corporate Actions – Taxation Contributed By: Shilpa Agarwal Email id: shilpa@simplybiz.in Corporate actions such as issue of shares, transfer of shares, buy-back, dividend etc is governed by the provisions of the Companies Act, 2013 but there is taxation implication on various corporate actions as per Income Tax Act, 1961. Taxation also applies to the shareholder […]
Bills Replacing IPC, CrPC & Indian Evidence Act
Bills Replacing IPC, CrPC & Indian Evidence Act Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Union home minister Amit Shah on 11th August 2023 introduced three Bills in the Lok Sabha to replace over 150 years old colonial-era Indian Penal Code (IPC), 1860; Criminal Procedure Code (CrPC), 1898; and the Indian Evidence Act, 1872s with the object of completely overhauling […]
Provident Fund Act – an Employee-Friendly Welfare Legislation
Provident Fund Act – an Employee-Friendly Welfare Legislation Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Employees Provident Fund (EFP) is one of the welfare schemes introduced by the Government for the benefit of the employees/workmen. Every company, big or small, need to take compliance with the provisions of EFF Act seriously to avoid stringent prosecution […]
Indian Capital Markets to move to T+0 Settlement soon.
Indian Capital Markets to move to T+0 Settlement soon. Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in Close on the heels of moving from T+2 to T+1 settlement cycle in January 2023, Indian capital markets are tipped to move to T+0 settlement, which is an instantaneously same day settlement. The settlement cycle in stocks markets refers […]
India over the Moon – Joins the Elite Club
India over the Moon – Joins the Elite Club Contributed By: By: S. Prabhakar Email id: sprabhakar@simplybiz.in On 23rd August 2023 at 6:04 pm IST, India spacecraft Chandrayaan-3 had soft and safe landing on the moon. The key points of this achievement are: . India becomes the only fourth nation to accomplish this feat after […]
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes
Reserves Bank of India withdraws circulation of Rs. 2000 denomination notes Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in The Central Bank of the country, Reserve Bank of India (RBI), has announced on 19th May, 2023 the withdraw Rs 2,000 currency notes from circulation under its `Clean Neat Policy’. Rs. 2000 notes were introduced in November, […]
Indian Rupee March Towards Becoming an International Currency
Indian Rupee March Towards Becoming an International Currency Contributed By: S. Prabhakar Email id: sprabhakar@simplybiz.in For a currency of any country to be termed as ‘international currency’ it has to be widely accepted across the world as a medium of exchange for trade. The US dollar, Euro, Japanese Yen, and to some extent Chinese Yuan are treated […]
Social Stock Exchange
Social Stock Exchange Contributed By: S Prabhakar Email ids:sprabhakar@simplybiz.in What is a Social Stock Exchange? Social Stock Exchange can be defined “as a regulated platform that connects the charitable foundations and social organizations with donors to make it easier to support, diversify and grow the social enterprises’’. The most important role that SSE shall play […]
The Group of Twenty – G20
The Group of Twenty – G20 Contributed By: S. Prabhakar Email ids: sprabhakar@simplybiz.in The Group of Twenty (G20) is the premier forum for International Economic Cooperation. It plays an important role in shaping and strengthening global architecture and governance on all major international economic issues. The G20 was founded in 1999 after the Asian financial […]
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