What is the difference between LLP and sole proprietorship? Introduction Selecting the right business structure is one of the most important decisions you’ll make as a business owner. It can affect your tax planning, your administrative burden, and your personal […]

Top 10 Big Mistakes to Avoid Online Pvt Ltd Company Registration Online Introduction You’re about to turn your dream into reality by starting your own Private Limited Company. But before you get started, you need to register your company. This […]

Major Clauses of Memorandum of Association(MOA) Introduction “The Companies Act of 2013 mandates that the Memorandum of Association (MOA) include specific clauses. This legal document is created during a company’s foundation and registration process. Individuals form a company through a […]

What is the scope of the accounting system? Introduction Accounting covers a broad scope, impacting sectors such as business, trade, government, financial organizations, individuals, and families. Accounting principles regulate this expansive scope. Contrary to the belief that accounting focuses only […]

What is Share Transfer and Share Transmission? Difference between transfer and transmission of shares as per Companies Act, 2013 Introduction A transfer is an action that involves moving an asset, and for shares, this action can either be voluntary or […]

What is  Power of Attorney(POA)? And Its Importance & Types? Introduction In India, Power of Attorney (POA) is a crucial legal document that allows one person to act on behalf of another in financial and legal matters, which is especially […]

How to Ensure Auditor Independence in Financial Audits  Introduction  Auditor independence is a crucial aspect of financial audits, ensuring that auditors perform their duties objectively and impartially and maintain the smoothness in audit process. Independence in auditing means that auditors […]

What are the Duties of an Auditor in a Company? Introduction Auditing is an important part of the financial reporting process. An auditor’s role is to provide an independent and objective assessment of a company’s financial statements, ensuring that they […]

How to Manage Partnership Debt Effectively?   Introduction A vital component of managing a partnership firm is managing debt. Effective bookkeeping and accounting procedures are essential for preserving financial stability and guaranteeing the long-term success of the business. In this […]