Business

A project report is a comprehensive document that outlines the proposal of a project and its potential for success. It is a crucial document required at every stage of applying for land acquisitions, permits, and licenses for setting up an industry in India. The project report provides a 360-degree view of the project and is […]

E-commerce is booming in India – thanks to shopping portals like Flipkart, SnapDeal and Amazon, which has revolutionized the online shopping experience for Indian consumers. Innovative models like cash on delivery and same-day delivery backed by low prices have spurred more customer to purchase online, making Flipkart – India’s largest electronic commerce store. Flipkart sold

Replacement of bankruptcy trustee. (1) Where committee of creditors is of the opinion that at any time during the bankruptcy process, a bankruptcy trustee appointed under section 125 is required to be replaced, it may replace him with another bankruptcy trustee in the manner provided under this section. (2) The committee of creditors may, at a meeting, by a vote of seventy-five per cent. of voting share,

The Ministry of Micro, Small, and Medium Enterprises (MSME) was approved in India in 2006. Enterprises in the manufacturing sector and enterprises in the service sector are the two types of enterprises that can register under the MSME Act. The pillar of strength for the country’s economy is MSME. Micro, small, and medium enterprises are

The acronym RERA stands for Real Estate Regulatory Authority (“RERA”) which is established under the Real Estate (Regulation & Development) Act (“Act”). This Act was introduced in the year 2016 to regularise the problems existing in the real estate sector. The Act will be implemented at the State level, and the governing authorities are responsible

Validity of bankruptcy order The bankruptcy order passed by the Adjudicating Authority under section 126 shall continue to have effect till the debtor is discharged under section 138. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration

Order of Adjudicating Authority on repayment plan (1) The Adjudicating Authority shall by an order approve or reject the repayment plan on the basis of the report of the meeting of the creditors submitted by the resolution professional under section 112: Provided that where a meeting of creditors is not summoned, the Adjudicating Authority shall pass an order on the basis of the report

The Shop and Establishment Act regulates the shops and commercial establishments operating within the state. Every state has its own Shop and Establishment Act (“Act”). However, the general provisions of the Act are the same in all states. The Labour Department of the respective states implements the Shop and Establishment Act.  Shops are generally defined under the Act as the premises where the selling

Summoning of meeting of creditors (1) The resolution professional shall issue a notice calling the meeting of the creditors at least fourteen days before the date fixed for such meeting. (2) The resolution professional shall send the notice of the meeting to the list of creditors prepared under section 104. (3) The notice sent under sub-section (1) shall state the

FSSAI registration is one of the most important registration requiredby every person involved in the food business, such as persons who wish to open a restaurant, bakery, hotel, cloud kitchen or food stall in India. Every Food Business Operator (FBO), such as entities or persons involved in manufacturing, preparation, selling, transportation, distribution and storage of food articles/products, are also