Who has to obtain Import Export Code (IEC)? IE Code is a unique 10 digit code issued by Direct General of Foreign Trade (DGFT), Government of India. Those who import or export in India are mandatorily required to obtain IE Code. No person or entity shall make any import or …
Read More »Who has to register under Employee State Insurance (ESI)
It is a comprehensive Social Security Scheme designed to accomplish the task of protecting the ‘employees’ in the organized sector against the hazards of sickness, maternity, disablement and death due to employment injury and to provide medical care to the insured employees and their families. Who has to register …
Read More »Who has to register under Employee Provident Fund (EPF)
Employee Provident Fund (EPF) is a society security fund created for the purpose of providing financial security and stability during retirement. The employees will contribute a portion of their salary to this fund during his employment. The employer is also obliged to contribute an equal amount (as specified by the …
Read More »13 provisions covered under Shops and Establishment Act of Karnataka
I have written an article Its all about registration under Karnataka Shops and Establishment Act about the requirement for registration under Shops and Establishment Act of Karnataka. In this article, I have listed out the main provisions covered under this act. Display Registration Certificate – Registration certificate must be displayed …
Read More »11 points to know about Karnataka Profession Tax
Karnataka Profession Tax (PT) shall be paid by every establishment or factory, club or society, self-employed or professional, government or private sector employees serving in the State of Karnataka. Most important provisions of Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976 are listed out below. Hope this helps. …
Read More »Its all about registration under Karnataka Shops and Establishment Act
Who has to register under Karnataka Shops and Commercial Establishment Act, 1961. Entrepreneurs owning shops and commercial establishments in the State of Karnataka have to compulsorily register with Department of Labour, Government of Karnataka as per the Karnataka Shops and Commercial Establishment Act, 1961. A Shop includes offices, storerooms, go downs, …
Read More »Do you know you can get bank loan without collateral security?
Want to set up a business? Worried about funds? Don’t worry, Credit Guarantee Scheme (CGS) may come to your help. In my practice, I have come across many entrepreneurs who have rock solid ideas but fail to execute due to lack of funds. In order to support such entrepreneurs, …
Read More »Greenpeace issue and FCRA regulations
“With funds drying up, Greenpeace India stares at shutdown; asks ‘who’s next on chopping block?’ was in the headlines of a leading English daily. Are you following up this case? If not, let me run you through the issue and FCRA regulations in brief. About Greenpeace: Greenpeace is a global …
Read More »How much stamp duty is to be paid for registration of property in Karnataka
Stamp duty and registration fee is one of the revenue generating machines of state governments! One has to pay fee for registering any document, be it marriage, company, property or birth or death! Most of us are not aware about the quantum of money to be paid towards registration. This …
Read More »Benami Transactions Bill
Is this the brain child of Modi government? The answer is NO. Benami Transactions (Prohibition) Act was enacted in 1988. Actually, it was in 1973 that the Law Commission of India recommended to formulate an Act to curb Benami Transactions! So, it took 15 years for the government to make …
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