Month: March 2025

Internal Audit Applicability – Who should appoint an Internal Auditor? As per the provisions of Section 138 of the Companies Act, 2013, with rule 13 of the Companies (Accounts) Rules, 2014, specific organizations or companies have an internal audit applicability under the Companies Act 2013. Below, we have given those companies that must appoint an internal auditor- All Listed Companies: Every company listed […]

The Income Tax Department has set cash deposit limits to monitor financial transactions in savings accounts, current accounts, and financial institutions. These measures help prevent money laundering, tax evasion, and other illegal activities. Here are the key cash deposit limits in banks: Annual Limit for Savings Accounts: Individuals can deposit up to ₹10 lakh in […]

In today’s competitive business landscape, trademarks play a crucial role in establishing brand identity and consumer trust. However, simply registering a trademark is not enough; conducting thorough trademark due diligence is essential to ensure its validity, enforceability, and long-term security. Whether a company is acquiring a trademark, entering into a licensing agreement, or expanding into […]

Introduction: In today’s dynamic marketplace, consumers are more empowered than ever. However, with rising fraud, misleading advertisements, and defective products, knowing your consumer rights is crucial. The Consumer Protection Act, 2019 provides a strong legal framework to safeguard buyers from unfair trade practices and ensure they receive quality products and services. This blog will help […]

Appointment of Company Auditor The appointment of company auditor is mandated under Section 139 of the Companies Act, 2013. According to this section: Every company must appoint an individual or a firm as an auditor at its first Annual General Meeting (AGM). The appointed auditor will hold office from the conclusion of that meeting until […]

In a move to enhance the efficiency of the Goods and Services Tax (GST) system, the Indian government is set to amend the Central GST (CGST) Rules, granting recipients of goods and services a two-month window to accept or reject credit notes and adjust their input tax credit (ITC) accordingly. Key Aspects of the Amendment: […]

The security industry in India has witnessed significant growth over the years, with numerous private security agencies operating across the country. To regulate and standardize these agencies, the Private Security Agencies Regulation Act, 2005 (PASARA) was introduced. This act ensures that private security agencies adhere to specific guidelines, ensuring professionalism and accountability in the sector. […]

Introduction: The Make in India initiative was launched in 2014 to promote local manufacturing, attract investments, and create jobs. It aims to make India a global hub for production across various industries. Why Make in India? Encourages local production and reduces import dependence Attracts foreign investment to boost the economy Creates employment opportunities and skill […]

Section 194-IB of the Income Tax Act, 1961, was introduced to bring individuals and Hindu Undivided Families (HUFs) (who are not subject to tax audit) under the purview of Tax Deducted at Source (TDS) on rent payments. Key Provisions of Section 194-IB 1. Applicability: Applicable to Individuals & Hindu Undivided Families (HUFs) who are not […]

In the context of the Indian Constitution, Fundamental Duties are a set of moral obligations for all citizens to promote a sense of responsibility and patriotism. They were added to the Constitution by the 42nd Amendment in 1976, under Part IVA (Article 51A). These duties serve as a reminder to citizens of their role in […]