Company

FAILURE: Changing its Meaning and Understanding How it Can Contribute to LEARNING, GROWTH & PROGRESS

What does ‘Failure’ mean to you? Disappointment? Heartache? The end of the road? No one likes to fail. But if there is one group of professionals who are especially averse to failure, it’s lawyers. This is because in the practise of law, outcomes of cases are measured as either wins or losses. Lost cases can …

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Tech Thursday: How to Get Great OCR Results (Even From Poor-quality Image-based Documents!)

Every organisation that has jumped on the ‘green’ bandwagon wants to go paperless. Despite this worthy goal, true ‘paperlessness’ is almost impossible to achieve. In every company in every country around the world, millions of documents are printed, faxed, scanned, re-printed, re-scanned…and the story goes on and on. Most of us are drowning in paper …

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Want to change your company’s name? Read this guide first!

Your company’s name is part of its identity. It can promote trust, earn goodwill and even build your brand. This is why choosing a good name is so important when a company is being incorporated or registered. Occasionally, the name originally chosen for a company may not reflect its business’ objective, purpose or nature. In …

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Tech Thursday: 4 Reasons Why TEB Billing Is The Best Billing Management Software For Small Businesses

Billing and invoicing can be a painful, time-consuming activity for small businesses, especially if done using old-school methods like spreadsheets and manual reconciliation. If you own or manage a small business and are aiming for growth, you need technology, specifically technology that streamlines your billing processes and ensures data accuracy with easy reconciliation. Do you …

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A step-by-step guide to increase your firm’s Authorised Share Capital

If you want to expand your company’s scope of work, size or area of operations, you will need funds. This is true irrespective of your company’s size, industry or business profile (B2B, B2C, etc). One way to raise these funds is to increase your company’s Authorised Share Capital. But what is Authorised Share Capital and …

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Not Yet Filed BEN-2 Form? Last Date of Filing Extended To 30th September with Relaxation of Additional Fees

In a previous article Companies to file Form BEN-2 to ROC to Declare Significant Beneficial Owners (SBO) [Read Here], we provided information about how the Ministry of Corporate Affairs (MCA) amended Companies Significant Beneficial Owners (SBO) Rules, 2018 in February 2019. The goal of this amendment is to simplify the identification of a company’s SBOs. …

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Government Plans To Amend LLP act 2008 to Standardise LLPs and ***** Down Nefarious Activities !!!

The government of India is planning to amend Section 67 of Limited Liability Partnership (LLP) Act 2008 along the lines of The Companies Act. The main push for this amendment comes after a realisation that the laws governing Indian LLPs are less stringent compared to the laws governing companies. At the moment, LLPs are not …

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2.1 million Company directors may get another chance to adhere to KYC rules

The government is considering giving another opportunity to 2.1 million company directors who have failed to comply with the ‘know your customer’ (KYC) norms, according to a senior official. The government could give another 15 days for meeting the compliance norms or reduce the penalty for late filing, the official said, requesting not to be …

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