When starting a new business, one of the most important decisions to be made will be the legal structure. Why? Because the type of structure defines the legal responsibilities, operation & management of the business, ease & flexibility in doing business, cost of formation, the tax implication, profit distribution
With the view to increase liquidity support to the Micro, Small and Medium Enterprises (MSME) sector, the Reserve Bank of India has included factoring transactions under priority sector lending. “To increase liquidity support for the MSME sector, it has been decided that factoring transactions on ‘with recourse’ basis shall be
Union Finance Minister Arun Jaitley will launch the MSME Databank Web Portal and the Online Finance Facilitation Web Portal of the MSME Ministry on August 11. Union MSME Minister Kalraj Mishra along with the MoS Ministry of MSME Giriraj Singh and Haribhai Parthibhai Chaudhury will also be present at the
Lok Sabha clears key bill to amend Sarfaesi, debt recovery tribunal Acts In an important step to give banks more teeth to recover bad loans, the Lok Sabha on Monday passed a bill to amend the existing Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act,
SEBI proposes easier norms for listing of Start-ups With a view to encourage listing of startups, Security Exchange Board of India (SEBI) has proposed an easier framework that allows more investor categories, relaxed shareholding norms and reduced trading lot amount. A discussion paper released by the market regulator has suggested
To foster equitable and sustainable economic growth special MSME support policies such as Priority Sector Lending for MSMEs in India may be kept out the gambit of Basel norms, says Additional Secretary and Development Commissioner MSME Mr. S.N. Tripathi. Mr. Tripathi was inaugurating the BRICS SME Round Table held
‘Alliance for Digital Bharat’ formed to help SMEs digitize In a bid to develop conducive atmosphere for digitalisation in non-corporate sector, prominent stakeholders of economy have come forward to form the ‘Alliance for Digital Bharat’. The Alliance includes national organisations of traders, transporters, consumers, farmers, hawkers, SMEs, self-employed groups etc.
MSME Ministry comes up with online complaint redressal system For immediate redressal of grievances of the small businesses, the Ministry of Micro, Small and Medium Enterprises (MSME) has come up with an online complaint redressal system. The complaint will be forwarded to the concerned departments and the monitoring will be
Problem attaching EDI Shipping Bills to online MEIS Application? DGFT has the solution The Directorate General of Foreign Trade (DGFT), in a tweet, elaborated the steps to resolve the issues related to attaching the EDI Shipping Bills to online MEIS Applications. “Some issues related to EDI Shipping Bill Repository have
MSME Ministry issues guidelines for SC/ST hub Government has issued guidelines related to setting up of the National Scheduled Caste and Scheduled Tribe Hub to provide professional support to entrepreneurs coming from such communities. “The scheme is proposed to be applicable from the date of sanction till March 31, 2020.