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The problem of recovery of bad debt can also be solved by contacting a debt collecting agency. These agencies specialize in the recovery of bad debts. Outsourcing of debt collection helps the creditors to save their own time and lay focus on their business.
In the business world, there is a parcel of issues for the Startups while they simply begin the new business and their new customers are not paid the sum..
If you are one of those many who are burdened by bad debt, then lots of your precious time and energy must be going in deciding how to recover my debt!
Recovery of bad debt can be a nightmare for any creditor, whether financial or operational. Chasing or running after debtors, is a well-known fact, that generally does not bring positive results.
Looking for various solutions to recover your bad debt? Here a lot of solutions in this website! Visit to know more!
Debt recovery agencies are viable options that can be relied on to recover bad debts. Mediation is a comparatively faster and cheaper option that must be preferred before initiating legal proceedings!
Are You Facing Sleepless Nights in Delhi Because of Bad Debt?
If your company/you are unfortunate to have been pitched against bad debt that seems unrecoverable, you must be facing immeasurable anxiety and at the same time looking for a recoverable solution.
What does POSH Training include?
Muds provide a full POSH compliance solution for any business/organization. It provides simple online tools as well as personalised professional guidance. The primary goal of POSH training is to raise awareness of gender equality in the workplace and educate employees on what constitutes sexual harassment, appropriate and inappropriate behaviour, workplace legislation, and the consequences of workplace harassment.
What is POSH Training?
Posh at Work: Organizations must ensure that their employees, managers, directors, and so on are educated on what actions and/or words constitute sexual harassment, how to get justice if they have been harassed, and how not to cross limits so that you yourself are not a harasser.
All Indian service companies (including freelancers), businessmen, and manufacturers are subject to the Goods and Services Tax (GST), which went into effect on July 1, 2017.
To know more visit https://muds.co.in/complete-gst-registration-guide/
According to these regulations, any amount transferred to the firm's Unpaid Dividend Account pursuant to Section 124(1) of the Companies Act, 2013, that is unpaid or iepf unclaimed shares for more than 7 years after the date of declaration dividend shall be transferred to the Investor Education and Protection Fund, along with any interest accrued, if any (IEPF).
India Sexual Harassment Act Brief
Despite the Covid-19 lockout and staff working remotely, India's law on the prohibition of workplace sexual harassment continues to gain popularity.
To know more visit https://muds.co.in/posh-act-2013-sexual-harassment-women-workplace/
Meaning of Transfer of Shares
The purposeful transfer of title of the shares between the transferor (one who transfers) and the transferee is referred to as a transfer of shares (one who receives). A public corporation's shares are freely transferrable unless the firm has a solid basis to prohibit it. A private limited company's shares are not transferrable, with a few exceptions. For the transfer of share , transfer deed is used.
The NBFC registration with RBI costs is one of the most difficult things for every NBFC owner to cope with. The NBFC charge is unquestionably hefty, and everyone who wants to establish their company as an NBFC must pay the appropriate amount. You might be wondering what makes it so costly. The difficult registration process and stringent paperwork is the answer.
To know more visit https://muds.co.in/rbi-nbfc-registration/
Introduction to Harassment at Workplace Act India or Posh Act
Posh Act 2013
The PoSH Act was enacted to prevent and protect women from sexual harassment at work and to provide a safe working environment for women.
To know more visit https://muds.co.in/posh-act-2013-sexual-harassment-women-workplace/
Clarification on the transfer of physical shares
On March 28, 2018, the Panel found that demands for effecting securities transfers would not be processed unless the securities were held in dematerialized form with a depository, except in the case of transmission or transposition of securities. This criterion will take effect on April 1st, 2019.
The National Center for Employee Ownership (NCEO) estimates that there will be around 6,500 employee stock ownership plans (ESOPs) encompassing approximately 14 million members by 2022. There has been a drop in the number of proposals but a growing number of registrants since the beginning of the millennium.
RBI ROLE: NBFC REGISTRATION WITH RBI
Non-Banking Financial Companies (NBFCs) serve an important in expanding financial inclusion, competitive pressure, and diversifying the financial industry.
Any individual who has had an Iepf unclaimed shares or underpaid payment moved to Iepf unclaimed shares fund by the corporation may request a return from the IEPF authorities. Claimants must submit form IEPF-5 together with the required papers to be eligible for this amount.
To know more visit https://muds.co.in/recovery-shares-iepf/
NBFC Registration
Companies seeking to provide Non-Banking Financial Services must register with the RBI under the provisions of the RBI Act of 1934 and the Companies Act of 2013. A Non-banking Financial Company is now an important part of our economy. This type of business entity facilitates loans to individuals whose needs were previously unmet by traditional financial institutions through peer-to-peer lending.
To know more visit https://muds.co.in/nbfc-registration-process/
Following that, the word "workplace harassment" is included in Section 2(o) sub-clause (vi). Although the phrase's original meaning refers to domestic workers and housekeepers, the act's objective stresses that it should logically apply to anybody who works from their own home, a leased/rented home, a corporate leased home, or any other type of lodging. As a result, every location of business becomes the workplace.
With the upsurge of a thriving startup ecosystem in India, employee stock options have become increasingly popular.
To know more visit https://muds.co.in/esop/
Introduction of Section-8 Micro Finance Company Registration
When you wish to create a financial business in India without RBI clearance or capital restrictions, a microfinance company registered under section 8 is the best alternative.
In India, an FSSAI License or FSSAI Registration is required before beginning a food or related company. The Food Safety and Standards Authority Act of 2006 grants the FSSAI License.
Here are a few advantages of NBFC registration in India:
NBFCs are critical, notably in a developing nation like India, where the majority of the population lives in rural regions. Commercial banks are often unavailable remotely in these places. This is where non-bank financial companies (NBFCs) come into play. They offer financial services to persons who live in these areas.
The technique of lending money to people or companies through internet portals is known as NBFC P2P or Peer to Peer lending. P2P lending allows an individual or financial institution to become a lender and earn interest from the individual or business that has borrowed money.
To know more visit https://muds.co.in/nbfc-peer-to-peer-lending-registration/
This Act is extremely important since it not only lays the road for fair redressal of workplace sexual harassment allegations but also discusses preventative actions that businesses may take to stop such incidents from occurring. This statute includes a provision for POSH training online in business settings. The statute also requires any firm with ten or more workers to form an internal committee (IC).
