If an OPC is not operating for more than one year from the date on which it was incorporated, the owner can apply for closure of the company. This can be done through a normal procedure or through…
Introduction Nidhi Company is a form of non-banking financial institution (NBFI) that is registered under the Companies Act 2013. It is involved in the business of borrowing and lending money to its members and works on the principle of…
What is a Nidhi Company? The Nidhi Company is a non-banking finance company that is governed by Section 406 of the Companies Act of 2013. A Nidhi company’s main business is lending money to the company’s members. Nidhi…
Microfinance services are mostly for people who lack sufficient access to banking and other financial services. Unemployed people and others with modest incomes are given the option of micro financing. In rural areas, microfinance organisations can issue a…
Role of Fast Track Merger Checklist One of the most preferred tools of corporate restructuring is mergers & acquisitions. This tool helps companies in the expansion and diversification of their business. Its aim is to achieve the objectives…
To ease business, the Ministry of Corporate Affairs has deployed a web form called SPICe + company incorporation by replacing the existing form SPICE INC 32. The new web form SPICe+ has 10 services by the central government…
Nowadays, frequently we keep on hearing about various cyber-security breaches and questioning about whether people’s protection against those threats will fit or not. What is a Cyber Threat? A cyber threat is a spiteful act that damages data,…
The Covid-19 Pandemic brought most of the economic activities to fallout. Many factories and businesses were shut down during the lockdown. Crores of people were left unemployed when the government continued extending the lockdown. The government announced Rs…
Smt. Nirmala Sitharaman, Finance Minister, unveiled an economic package worth Rs. 20 lakh crores during a news conference on May 13, 2020, at 4:00 p.m. To combat the COVID-19 crisis, the Economic Package has been announced. On the…