What’s the right time to raise funds? The best time to raise capital for a start-up is when you have a clear idea of what you want to do and a clear idea of how much money you need to get to a milestone that will set a higher value for your company. In general,… Continue reading ‘WHEN IS THE BEST TIME TO ENTER SHARK TANK’
Category: SMEs
Exploring the New MSME Registration (UDYAM)
Meaning of UDYAM: The notification issued by the Government says that from July 01, 2020, an MSME will be known as UDYAM, and the enrolment or the registration process will be known UDYAM Enrollment Registration. Eligibility Criteria: Ministry of Micro, Small and Medium Enterprises vide its notification dated 1st June read with notification 26th June, 2020 has revised criteria for classification… Continue reading Exploring the New MSME Registration (UDYAM)
Company Fresh Start Scheme, 2020
In these testing times of the outbreak of the COVID-19 pandemic, businesses are the net sufferers. All companies are required to follow statutory compliances annually as per the provisions of the Companies Act, 2013. A company that fails to adhere to the compliances is called a defaulting company. Such companies are tagged as Non-Compliant by… Continue reading Company Fresh Start Scheme, 2020
Write-up on MSME & TReDS
In these testing times of the outbreak of COVID-19 pandemic, businesses are the net sufferers. Coming months may see the businesses facing cash crunch and experiencing working capital problems. To counter this, one of the measures that the Government of India has introduced for the Micro, Small and Medium Enterprises (MSME’s) is facilitating finance of… Continue reading Write-up on MSME & TReDS
E-Mobility: Watch It Happen Or Be Part Of It!
WHAT IS E-MOBILITY? As it is rightly quoted by Elon Musk, founder of Tesla Inc., “Some people don’t like change, but you need to embrace change if the alternative is a disaster”. Electric Mobility, or Electro Mobility, or E-Mobility for short, is that very change which the people shall embrace in the near future. Let’s… Continue reading E-Mobility: Watch It Happen Or Be Part Of It!
SWAYATT and the Start-up Runway – Doing business with Government
In a vibrant economy like India, government constitutes one of the largest consumer. Public procurements are lucrative source of revenue for any business. However, because of complex eligibility norms and non-transparent selection process, often well-established and large business entities bag government contracts. In order to bring transparency to the process and increase the participation of… Continue reading SWAYATT and the Start-up Runway – Doing business with Government
CFO Insights – What’s in your Pocket?
The CFO’s role has always ranged from guardian of the financial health of an organization to a professional creating value. The world is changing fast. Technological innovation is creating new choices for customers and new opportunities for a wider range of industry entrants. The combination of the ‘push’ of technology, the ‘pull’ of the customer… Continue reading CFO Insights – What’s in your Pocket?
Accounting and Book-keeping – Cost Centre or Profit Centre
“Save on cost center and spend on profit center” is the underlying mantra of every business. In general sense, “cost center” means a department which does not produce directly but incurs costs to the business. On the other hand, a profit center is a part of a business that is responsible for revenues and costs.… Continue reading Accounting and Book-keeping – Cost Centre or Profit Centre
What is EPF & the impact of Supreme Court ruling
INTRODUCTION: The Employee Provident Fund Scheme (“the EPF Scheme”) is the main scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and covers every establishment in which 20 or more persons are employed. However, certain organisations are covered, even if they employ less than 20 persons each. Once the establishment gets covered under… Continue reading What is EPF & the impact of Supreme Court ruling
GST Tax Credit Adjustment – Cashflow nightmare for MSMEs
The GST (Amendment) Act, 2018 was recently brought into effect from 1st February 2019. Out of the amendments made, the introduction of Section 49A is particularly noteworthy, as the newly introduced section has changed the dynamics of set-off of Input Tax credit against the output liability. This will create cashflow crunch and lead to demand for… Continue reading GST Tax Credit Adjustment – Cashflow nightmare for MSMEs