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There are some essential basics in starting a business, Nidhi. Business owners can choose to start a business based on the benefits that can be enjoyed by Nidhi. There are certain restrictions and conditions of deposit when beginning a business Nidhi. A bright idea about Nidhi Company is required if you are new to the industry. Nidhi Company is a corporate structure made according to Section 20A of the Companies Act 1956. It is governed by the Ministry of Corporate Affairs (MCA), and there are specific rules to follow Nidhi Company in India. Nidhi Company formed primarily to develop the habit of savings among its members only for their mutual benefit. The primary source of funding for Nidhi Company is the contribution of the members. Rules and Regulations for Nidhi Company: A Nidhi company is limited to undertake any of the activities mentioned below: ·         To initiate the business of leasing, chit funds, lease financing, the acquisition of securities or insuran

Section 8 Company Registration is governed by the Indian Companies Act, 2013, and the rules and regulations made by the said Act. The Ministry of Corporate Affairs administers it, Government of India, though the company’s registrar offices located in all states of the country. The demand for the availability of the name of Section 8 companies is made in a facility “Unique Subject Name.” Name of Section 8 Company should not include the words Private Limited or limited to the end of its name. What are the main objectives of Section 8 company registration? ·          Promotion of science, art, commerce, financial assistance, social welfare, education, sports, charity, research, medical, religion or proper protection Business/legal environment ·          The benefit that is derived from these activities should be used to promote the activities of the organization of the company, or it must be used to achieve the objectives of the sales organization ·          No par

Taxpayers in India got a big relief since the government adopted the new GST Act. With the implementation of the new GST Act, the cascading effect of various taxes was decreased by the government to a greater extent. Thank you to the new GST regime based on "One Nation, One Tax" concept, the Indian government has also added many taxpayers under the radar of the GST that has escaped so far because of the failure of the collection system existing taxes. Well, the most important area where the GST has contributed enormously is a job offering more and more opportunities for startups and entrepreneurs as to improve the ease of doing business index, adding prospects employment, improving cross-border trade, and more. Now let's dive deep into the key year’s benefits of GST Registration in Gurgaon for startups and small businesses in India: 1.      Much of the improved tax system with greater transparency and minimal corruption With the new regime of G