Finance

What is the Bank Guarantee ?. How to prepare bank guarantee ? What is the purpose of Bank Guarantee ? What is the producer for make a Bank Guarantee ? What is the document required for Bank Guarantee

Finance /

INTRODUCTION Bank Guarantee is an agreement between three parties Bank, Beneficiary & Applicant. This can be used to essentially ensure a buyer or seller from loss or damage due to nonperformance by the other party in a contract. Three parties involved in Bank Gurantees. 1.Bank (Guarantor): The bank issues B.G on the receipt of the […]

What is the Bank Guarantee ?. How to prepare bank guarantee ? What is the purpose of Bank Guarantee ? What is the producer for make a Bank Guarantee ? What is the document required for Bank Guarantee Read More »

Initiatives taken by the Ministry/MCA/Govt. towards Ease of Doing Business/ Company Incorporate.

Finance, ROC /

 Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requirement for minimum paid up capital was removed.  Central Registration Centre(CRC) was established by MCA under Section 396 of the Companies Act, 2013 (Act) vide notification dated 22.01.2016 in an initiative of Government Process Re-engineering (GPR)

Initiatives taken by the Ministry/MCA/Govt. towards Ease of Doing Business/ Company Incorporate. Read More »

Which is better Third Party Two Wheeler Insurance or Comprehensive Coverage?

Accounting, Finance /

—In India, two-wheelers i.e. motorcycles, scooters, etc. are probably the most chosen mode for daily transportation. Not having a right insurance can turn out to be even more expensive during major accidents. People get confused between the third party and comprehensive two-wheeler insurance. Let’s see what the difference between the two is and which is

Which is better Third Party Two Wheeler Insurance or Comprehensive Coverage? Read More »

What is Advance Tax in Income Tax ? What is the due date Advance Tax?

Accounting, Finance, Income Tax /

What is Advance Tax ? Advance tax means income tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments as per due dates provided by the income tax department. Who should pay Advance Tax? If

What is Advance Tax in Income Tax ? What is the due date Advance Tax? Read More »

What is the Legal Entity Identifier (LEI) code?

Finance /

 A Legal Entity Identifier (or LEI) is a 20-character identifier that identifies distinct legal entities that engage in financial transactions. Which Company Required LEI Code ? It has been decided to require banks to make it mandatory for corporate borrowers having aggregate fund-based and non-fund based (Term Loan, Cash Credit Limit, Letter of Credit Limit

What is the Legal Entity Identifier (LEI) code? Read More »