Are you a Flipkart seller? If yes, did you know that a virtual office space can help reduce overhead expenses and improve sales? This blog post discusses the benefits of using a Virtual Place of Business (VPOB) for Flipkart sellers. <h1id=”What-is-the-Need-for-Virtual-Office-for-Flipkart-Sellers?”>What is the Need for VPOB for Flipkart Sellers? Flipkart is a major e-commerce company […]
Previously, the winding up was dealt with under the Companies Act, 1956 / the Companies Act, 2013. Thereafter, Insolvency and Bankruptcy Code was enacted in the year 2016 which came up with a new process namely the Corporate Insolvency Resolution Process (CIRP). CIRP aims to resolve the defaulting companies in a time-bound manner and maintain the […]
Sustainable development is an approach to economic and social progress that works for everyone. It focuses on the idea that any form of growth can last longer if it nurtures all sections or elements in society, including our environment. Companies are understanding the importance and benefits of adopting an ESG framework. Non-financial disclosures are being […]
In India, there are two ways in which a company may be liquidated: Compulsory and Voluntary. Voluntary liquidation under IBC, 2016 allows corporate entities to liquidate themselves at will. Voluntary Liquidation provided under IBC, 2016, is a quick, efficient, a prescribed timely process which ensures that the assets of the Corporate Persons does not lose its value and […]
In 1987, The Brundtland Commission published a report titled ‘Our common future’ which gave birth to the guiding principles for ESG reporting as we know it. It defined sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” The concept of sustainable development not only focuses on […]
BRSR Reporting is probably a new avatar to a legacy of other sustainability reports. Sustainability reporting was introduced to Indian businesses more than a decade ago. In 2011, the Ministry of Corporate Affairs (MCA) released the National Voluntary Guidelines (NVG) on Social, Environmental, and Economic Responsibilities of Business and NVG aligned with the UN Millennium […]
The Security and Exchange Board of India (SEBI) introduced Business Responsibility and Sustainability Reporting (BRSR) through a circular dated May 2021. BRSR, an evolved version of the Business Responsibility Report (BRR), is an Environmental, Social, and Governance (ESG) framework, which is benchmarked to global frameworks such as GRI, TCFD, SASB, etc. SEBI has mandated India’s […]
You might want to start a virtual office in India for many reasons. Perhaps you’re an e-commerce seller expanding your business into new territory and need a presence there, but don’t want to set up a physical office. Or maybe you need a professional business address for your company in a state where you don’t have GST registration. Whatever […]
Indian sectors, such as agriculture, industry, manufacturing or service, have been considerably impacted by the GST (Goods and Services Tax) reform. GST is one of the most significant tax reforms in Indian history. In this article, we discuss GST, its advantages, and the process of GST registration. The Indian government passed the Goods and Service Tax (GST) […]
Gujarat International Finance Tec-City (GIFT City) is a planned business district in Gujarat, India. It is the new business destination offering competitive edge to Financial services and Technology related activities. This blog covers GIFT city’s structure, permissible services, and tax benefits. What is GIFT City? GIFT City is a multi-service Special Economic Zone (SEZ) with […]
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