Personnel Finance company can be start under Companies
Act,1956 as a NBFC Company, Chit Fund Company, Nidhy Company
etc.
A Practicing company secretary my filled his compliance
certificate in Form no. 66, when filing company's Annual
Returns. This certificate is compulsory for the companies
whose paid up capital exceeds Rs. 10 Lacs
TALLY 9.0 IS DIFFERENT TO ERP BECAUSE ERP IS ONLINE
SOFTWARE. IT IS PORTABLE FACILITY TO ANYWHERE.ERP IS USEFUL
IN ANY NEW FUNCTION CREATION. ERP IS EFFECTIVE TO ANY
ORGANIZATION
Yes labor act applicable for a firms
A portion of company profits allocated by an employer, in
good years, to an employee’s trust.
Contributions on behalf of each employee are expressed as a
percentage of salary with 5% being common practice. If the
profit-sharing plan is a qualified plan according to the
IRS, employer contributions are tax deductible as a business
expense. These contributions are not currently taxable to
the employee; benefits are taxed at the time of distribution.
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