ESI is Employees State Insurance which is defined in the Employees State Insurance Act, 1948. It is an integrated measure of Social Insurance and is specially designed to achieve the task of protecting employees. This ESI scheme is strictly administered and regulated by an autonomous body named ESIC (Employee State Insurance Corporation), as per the…
Employee Provident Fund (EPF) is an employee benefit provided by his/her employer which supports the employee after retirement. For providing EPF to employees, employers need to get registered. This article covers the following topics: EPF Registration Applicability for Employers Documents Required for EPF Registration Steps for EPF Registration 1. EPF Registration Applicability for Employers…
Memorandum of Association (MOA) and Articles of Association (AOA) are two important business documents of a company. Every company needs a set of rules and regulations to manage its internal affairs and the AOA specifies the internal regulations of the company. In simple words, AOA contains the bye-laws of the company, according to which…
In the month of October 2018 the GST collection was above the 1 Lakh Cr. Mark and ” after a gap of 2 months, GST collections in January crossed Rs 1 lakh Cr.-mark,” the Finance Ministry said on Thursday. “The total gross GST collected revenue in the month of January 2019, has surpassed 1…
UDIN (Unique Document Identification Number) is a unique number for the identification of every document attested by practicing chartered accountants. The attestation of a CA (Chartered Accountant) on a document or any certificate is of enormous value since it generally shows that the CA has ensured that there is no falsification in the issued or submitted…
The Memorandum of Association or MOA of a company defines the constitution and the company’s scope of power. In simpler words, the MOA is the foundation on which the company is built. MOA is a legal memorandum prepared during the registration process of a company. The scope of this content includes the following topics Objectives…
The government has published below amendment in the act through official Gazette on 30 August 2018. However, it is going to be applicable from 1st February 2019. Important Changes in CGST ACT 2017 You can find some of the important changes made in CGST ACT 2017 through CGST Amendment Act 2018, which is going…
Every Company (OPC, Private, Public, LLP etc.,) irrespective of size, type and category of business will have its share capital classified under different types in the financial statement. But, as per the Companies Amendment Act, 2015 the provision of minimum paid-up capital requirement for the Companies has been removed. However, the requirement of authorized share…