Understanding Section 43B | Guide for MSMEs & Businesses Overview of Section 43B(h) Applicability Section 43B(h) specifically applies to transactions where goods or services are purchased from an enterprise registered under the MSMED Act, 2006. This provision ensures that MSMEs receive timely payments for their sales. Defining the Scope: Who’s Covered? It’s important to note that Section 43B(h) exclusions apply to outstanding dues to traders. The MSMED Act only classifies manufacturers and service providers—not traders—as […]

80G Registration and 12A Registration Topic Covered Registration of 12A and 80G Registration Benefits and Advantages Why and when its required     12A Registration and 80G Registration and  is relevant just to NGO & altruistic associations that  Have no income being created from the business Is a charitable trust or a registered society Ought not be involving their resources or income for some other reason than noble cause/charity. Keeps up with a normal book […]

NSIC Registration Process MSMEs Receive NSIC Registration through the Single Point Registration Scheme, which is valid for two years. In addition, it must be renewed every two years. Package Inclusion • Complete documentation is included in the package. • Consultation on NSIC registration over the phone while drafting and filing an application • Follow-up with the relevant department on a regular basis • End to End Support till Certificate Received What is the NSIC Registration […]

A business plan is needed to turn your business idea into a reality. A business plan lays out a company’s objectives and how it intends to attain them. Simple and classic business plan templates are available online, including one made by Business News Daily that is free to download. Note :- This post is for small company owners and entrepreneurs who want to learn how to develop a business plan. A road map will assist […]

FULL FLEDGED MONEY CANGERS If you want to deal in foreign exchange activity in India then you would have to acquire Full Fledged Money Changers License from the Reserve Bank of India. Package inclusions:  Private/Public Limited Company Formation  Documentation for FFMC License  Filing of FFMC License Application  Liaising with the Reserve Bank of India and FEMA Department   FFMC License – An Overview   FFMC is an abbreviation for fully fledged money changer. A company […]