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Professional Tax. Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, lawyer, doctor etc. are required to pay this professional tax.
As of 2021, with 3000 pharmaceutical companies and 10,500 manufacturing units India is the world's third-largest pharmaceutical producer, largest producer of generic medicines and supply up to 50—60% of global vaccines demand, these all contribute up to US$ 24.44 billions in exports and India's local pharmaceutical market is estimated up to ...
In India, the two most common legal statuses for social businesses are private limited companies and non-governmental organizations (NGOs). In Bangladesh, sole proprietorship is the most common form of registration, often because it is the easiest type of business structure to start up especially for those with limited resources.
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the ...
A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar. See also
All assets of the business belong to a sole proprietor, including, for example, a computer infrastructure, any inventory, manufacturing equipment, or retail fixtures, as well as any real property owned by the sole proprietor. A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited ...
v. t. e. Enkeltpersonforetak (ENK) is a type of sole proprietorship in Norway. [1] The company is considered part of the personal assets of the owner, who holds the full juridical and economic liability of the company. The sole proprietorship entity holds a number of advantages, such as that there is no minimum equity, requirements for auditing ...
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have following features: "separate legal personality ...
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