The audit process is an essential component of corporate governance, providing assurance to stakeholders that the financial statements of a company are accurate and reliable. In India, the audit process for companies is governed by the Companies Act, 2013, and the rules and regulations issued by the Institute of Chartered Accountants of India (ICAI). Here […]

MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in […]

Direct: 1. Allocation to the Ministry of MSME : The Finance Minister has provided Rs 15,700 crores to this sector, more than double of this year’s budget estimate is laudable 2. Capital and turnover limit increased : The concept of small company was introduced under Section 2(85) of the Companies Act which had earlier defined a company […]

Indian start-up ecosystem is the hottest investment destination at the moment. With every other graduate that dreams of becoming entrepreneur and making it big in the start-up world. Million dollar deals are cracked every moment and even the day is not far when these start-ups will become behemoths of the industry. However, this is what […]