Have you ever thought why many companies have their subsidiaries or branches in countries like Bermuda and Cayman Islands, despite of the fact that these countries are not so developed and the market their is also very minimal? The answer lies in the concept of Tax Havens. To start with, we have Bermuda, Cayman Islands, British Virgin Islands, Isle of Man, Panama, Singapore, Luxembourg, Switzerland, and many others. What are these? These are Tax Havens. What are Tax Havens Ta

It is raining IPOs on D-Street. The beauty and fashion retailer Nykaa’s IPO received strong subscriptions from investors, leading to oversubscription up to 82 times till day three. Similarly, investor bags also flocked towards the IPO of Fino Payments Bank, which got oversubscribed by 2.03 times. The fintech giant Paytm (One97 Communications Limited) launched the biggest IPO in the history of Indian capital markets, raising a massive INR 18,300 Cr. on 8th November, which defi

In this modern era, it has become a really tiring task for the advertisers to convince a customer to consume a particular product. With a plenty of products available, it is a challenge for the advertisers to showcase their creativity. When a particular product is launched in the market, a consumer is not aware of it initially, due tow which it's purchase becomes difficult. Thus in order to make the people product-friendly so that they are ready to purchase the new product, t

Dominos has been known for its great marketing campaigns and strategies for years. And again, it has exploited a super opportunity, arising from the Indian silver medalist Mirabai Chanu. Read here how. The first day of the Tokyo Olympics 2020 proved to be a boon for India, claiming the first medal at this Olympics in the form of silver by Mirabai Chanu in the game of weightlifting. Undoubtedly, the medalist received uncountable appraisals and monetary benefits from various in

On the basis of performance of assets, banks classify their assets into two broad categories, namely performing and non-performing. Performing Assets Normally every asset of the bank falls under Performing (Standard) assets as soon as it becomes the right of the bank. Performing assets are those which do not carry more than normal risk of recovery and do not disclose any problems. Assets on which interests, instalments and payments are received regularly at due dates are clas

Do you know that a plenty of corporate services can be done online at the ease of sitting at home. The MCA portal provides a lot of services for the information of public and reducing paperwork. The maintenance task of the portal has now been delegated to Larsen & Toubro, which can be accessed at mca.gov.in. Master Details of an entity: With this facility of the ministry of corporate affairs, you can have access to all the master details of a company or LLP present with the R

A private company and an LLP often seem to be same in their features, although there are several differences distinguishing both the forms of business organizations. 1. First of all, both the forms of organization have different governing acts. A company is incorporated and governed by The Companies Act, 2013. On the contrary, a Limited Liability Partnership is formed under the Limited Liability Partnership Act, 2008 (LLP Act). 2. A private company can have a maximum of 200 s

The C&AG is the authority which discharges the function of Government Audit in India. Let us look deep into what is C&AG and its powers. In order to understand about C&AG, we need to know what is Government Audit. Government auditing is the objective, systematic, professional and independent examination of financial, administrative and other operations of a public entity, in order to express an appropriate professional opinion regarding to the fairness of the presentation of

These three terms often create a dilemma regarding their true meaning. Here is the explanation to the correct meaning of these jargons. PATENTS: Patents are basically rights that exclude the person other than the one registered, to produce, sell or even trade with the specific good or service, which is generally a new invention. It can be a new production technique, a new good or a scientific invention. A patent reserves the right of the owner for a period of some years, whic

Business Environment is something which is very important to be aware of for an entrepreneur. Let us understand what exactly is business...

There are two types of leases - Operating Lease and Finance Lease. Here is a detailed explanations of both with practical examples. First...

You must have heard a lot about cooperative societies in various movies or shows. Let's know what they exactly are and some legal...

The US has recently passed a new taxation act. Here are the highlights and review of the same. The last month of the first quarter of 2021 has witnessed the introduction of a new tax scheme in the USA. Named "Ultra-Millionaire Tax Act", it certifies itself by levying massive taxes on mega-millionaires of the country. Following are the slabs fixed for the new tax act: For households of net worth above $50 million but below $1 billion - 2% annually For households of net worth a

These terms are widely used in the business world and Cost Accounting. Let's have a look what do they exactly mean. DIFFERENTIAL COST: It is the difference between the cost of two alternative decisions, which the management seems apt. This cost occurs when a business faces several similar options, and a choice must be made by picking one option and dropping the other. Let us understand this with an example- Lets suppose Bestaste Company is a food giant that primarily relies o

If you go on to compare Dubai of 1995 to that of 2015, you are going to notice massive development works in a span of less than 20 years. What is the reason of this drastic growth? Read ahead to find out. Dubai in 2015 Well, to understand the major reason behind the sudden development of Dubai, we will have to go 200 years back in time. It was the time when the India was ruled by the the British Empire. When the British had exploited India extremely, China came in the eyes of