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QuickBooks announced its exit from India earlier this year and stopped accepting new subscriptions in India. However, for the existing QuickBooks users, it was a state of dilemma as they had to search for alternative accounting software and migrate their existing data to that software. What are some of the ideal QuickBooks alternatives in India ? How to migrate data in the new accounting software? Well, we have answered all your questions here! Best QuickBooks Alternatives in India  If you are operating a business and need a QuickBooks alternative in India for your accounting and bookkeeping needs, then you can go with the following software: Tally Prime: Tally Prime is one of the most used accounting software in India. With over 2 million+ businesses, Tally managed to gain a broad customer base. It comes with all the accounting features that a business could possibly need ranging from invoice generation, inventory management, cheque printing, e-way bill compliance, auto-generat...

The MSME sector is a critical part of the Indian economy, contributing significantly to employment, production, and exports. MSMEs are defined as enterprises that are engaged in the manufacture or production of goods pertaining to any industry specified in the list of industries published by the Ministry of MSME. In order to promote and support the growth of MSMEs in India, the Government of India has introduced a number of schemes and initiatives. One of the most important of these is the MSME Online Registration portal. The MSME Online Registration portal is a one-stop shop for all MSME-related information and services. It provides a single window for various MSME-related services, including registration, eligibility, certificate issuance, and more. Here we will explain everything you need to know about MSME online registration, eligibility, and services. We will also provide a step-by-step guide to help you register your MSME easily and quickly. What are the benefits of MSME regist...

Mergers and acquisitions , commonly known as amalgamation, are common strategies in order to expand the business, eliminate competition, enter a new business space, or for any other reason. From valuation to due diligence, mergers and acquisitions are complex transactions and require consideration of multiple factors. Further, whenever amalgamations happen, various laws interplay together that shall be considered before proceeding with the transaction. Let’s take a peek into the laws that shall be complied with while undertaking mergers and acquisitions in India . Laws Applicable to Mergers and Acquisitions Transactions in India Following are the laws applicable for mergers and acquisitions transactions in India: 1.)  The Companies Act, 2013 The Companies Act, 2013 is the principal law governing companies in India. Section 230 to 240 of the companies act lays down detailed provisions governing the merger and acquisition transactions in India. Further, the companies shall also com...

A SEBI listed company is entitled entity that have securities listed on any Stock Exchange. Meaning, entities those are listed and are trading on a recognized exchange. There are several guidelines that are listed by stock exchanges which are to be fulfilled by the listed company. Advantage: The listed corporation may issue new stock to raise extra capital. Compared to unlisted firms, public companies have easier access to bank credits. Hedge funds, mutual funds, institutional traders, and market makers can be attracted to listed firms more easily. The listed firms get more market credibility, which helps them further develop their brand image. Annual based SEBI Compliance: Sr. No. Regulations Particulars 1 24A Secretarial Compliance Reports 2 34 Annual Report 3 44 Results submission of Stock Exchange Voting 4 Circular No. SEBI/HO/DDHS/CIR/P...

Exports contribute to the creation of jobs, the expansion of foreign exchange reserves, and the reduction of the current account deficit. These are the primary motivations for the Indian government to implement export incentive programs. Here's a comprehensive overview of the numerous export incentives offered by the Indian government to promote exports. Export Incentives Scheme in India: For Products 1. Merchandise Export from India Scheme (MEIS) The MEIS scheme, which issued duty credit scrips as export benefits, was launched by the Indian government to reimburse exporters for tariffs paid. The export incentive was calculated as a fixed percentage of the FOB value of the notified items and ranged between 2%, 3%, 5%, and 7% of the FOB value, based on three market segments as listed in Appendix 3B. With effect from January 1, 2021, the MEIS program has been replaced with the RoDTEP system, which is WTO-compatible. 2. Remission of Duties and Taxes on Exported Products (RoDTEP) Sche...

Under the AEO Status programme, a company involved in international trade must be compliant with supply chain security standards and granted AEO status & certain benefits.  The AEO Programme is in reference to the obligations made under Article 7.7 of WTO TFA. Though AEO Registration is not a mandatory scheme, it is a voluntary compliance programme. It ensures the development and rationalization of cargo security via. close cooperation with the entity associated with international trade including importers, exporters, custodians, logistics providers, warehouse operators or customs brokers. AEO-Eligibility Criteria for a company The company must have managed a minimum of 25 documents (Bills of Entry or Shipping Bills) in the previous Financial Year. The company should have experience in Customs work. The company must be a part of the international supply chain. The company must have had company activity in the last 3 Financial Years. Benefits of obtaining AEO Registration Self-...

Import or manufacturing license is received after the model approval under Section 20. Importer and Manufacturer need to submit an application along with the required fee one month of importing from the Legal Metrology Department.   The license is granted by the state government where the goods will be imported. The next step is to obtain a license from the Legal Metrology department by every importer, manufacturer, or packer who pre-packs or imports any commodity for sale, distribution, or delivery in the Indian market.    For manufacturer license, submit an Application in  Form LM-1  attached with the mandatory documents before the Controller/Director within 90 days from the date on which pre-packing/importing commenced. Details required in the application: The name of the applicant;  The complete address of the premises The commodity name is pre-packed or imported by the applicant. In case of application to register as an importer, particulars of ...