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What is a Payroll Management System?

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Payroll is a program through which we can create an Attendance Register of Workers working in our Company / Organization / Firms etc. very easily. As I mentioned above we create an Attendance register Let's first understand what an Attendance Register is? Attendance register means, which worker is coming to work?, at what time does that worker come?, what is the monthly salary of that worker?, what is the full address of that worker?, what is the last name of that worker? etc. Altogether it means through payroll we record all the information of that worker in INDIA TAX APPLICATION , this process is called payroll. India Tax has brought this application for free of cost for all businesses. Payroll application where you can keep all the data of your employee and from that you can also keep their pay slip, PF details, ESI details. Our India tax payroll system is built with  new innovative technology. Benefits of Payroll Management System? There are several benefits of implementing a

How to Register a NGO/Trust Society ?

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NGO (Non-Government Organisation) is an organization that works for non-profit/ charitable purposes. In this article, we will explain how to register in ngo   in the form of Section 8 Company, under Companies Act, 2013. Laws in India applicable to an NGO NGOs can be registered in India under any of the following laws: Trust under Indian Trusts Act, 1882 Society under Societies Registration Act 1860 Section 8 Company under Companies Act, 2013 Objective of NGO – Section 8 Company The main purpose of establishing a  company as a Section 8 company is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports, research, etc. The profits/incomes of the company, if any, are applied towards promoting the objectives of the company and are not distributed as dividends to its shareholders. A minimum of two directors is required if the Section 8 company is to be incorporated as a private limited company , and a minim

What Is Nidhi Company?

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A  Nidhi Company   is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. [1]  Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.  They are regulated by the Ministry of Corporate Affairs and are empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.   Nidhi companies existed even prior to the existence of companies Act 2013. The basic concept of nidhi is "Principle of Mutuality"  [2]  These companies are more popular in South In

Apply Trademark Registration Online

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A trademark can be defined as the unique identity that makes your product or service stand out from the rest. The unique identity or expression can be a logo, photograph, slogan, word, sound, smell, colour combination or graphics. Most of the businesses usually look for registration of logo or name only. If you have come up with a unique idea or logo, then the only way to protect it as your own unique identity is to patent it. A registered trademark is your business’s intellectual property or intangible asset. It acts as a protective cover of the company’s investment made in the logo or brand. In India, trademarks registered by the Controller General Of Patents, Designs and Trademarks, Ministry Of Industry and Commerce, Government Of India. You can register the trademark under the act named, The Trademark Act, 1999. The registration provides the right to sue against others who try to copy your trademark. Also, no one else can use a similar trademark to the one registered by another pe

What is Partnership Firm?

A partnership firm is an organization which is formed with two or more persons to run a business with a view to earn profit. Each member of such a group is known as partner and collectively known as partnership firm. These firms are governed by the Indian Partnership Act, 1932. Following are the characteristics of Partnership Firm . 1.  Number of Partners :  Minimum number of person required to start a partnership firm is two and maximum limit is 10 in case of banking business and 20 in case of all other types of business. 2.  Contractual relationship :  A written agreement known as partnership deed which is signed by all the partners, binds them in a contractual relationship. 3.  Voluntary Registration :  Registration of partnership firm is not compulsory. Since the registration provides various benefits to the firm thus it is desirable. 4.  Competence of Partners :  Every partner must be competent enough to enter into the partnership agreement. He should not be minor (in some

What is Employee State Insurance Corporation?

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What is ESIC? The promulgation of Employees' State Insurance Act, 1948(ESI Act), by the Parliament was the first major legislation on social Security for workers in independent India. It was a time when the industry was still in a nascent stage and the country was heavily dependent on an assortment of imported goods from the developed or fast developing countries. The deployment of manpower in manufacturing processes was limited to a few select industries such as jute, textile, chemicals etc.   The registration on creation and development of a fool proof multi-dimensional Social Security system, when the country's economy was in a very fledgling state was obviously a remarkable gesture towards the sociology economic amelioration of a workfare though limited in number and geographic distribution. India, notwithstanding, thus, took the lead in providing organized social protection to the working class through statutory provisions. The ESI Act 1948, encompasses certain health re