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Vocational Skills in Accounting - II Notes | B.Com. (Accountancy) Semester 1 | Mumbai University | munotes

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Vocational Skills in Accounting - II

B.COM. (ACCOUNTANCY) · SEMESTER 1

Strictly as per the University of Mumbai NEP 2020 syllabus set by the Board of Studies in Accountancy, circular item 7.2 (N), with every registration cited to the Act and the notification that governs it

For FYBCom students of the University of Mumbai taking Accountancy as their Major, a degree now awarded as B.Com. (Commerce and Management) and examined as Bachelor of Commerce

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Contents

Module I Food Safety, the Importer-Exporter Code, and Registration of Firms

  1. What a Food Business Operator Is 1
  2. Registration: the Petty Food Business Operator 3
  3. Licensing: the State Licence and the Central Licence 5
  4. The FoSCoS Procedure, Documents and Renewal 8
  5. No Import or Export Without a Code 10
  6. The Importer-Exporter Code 12
  7. Suspension and Cancellation of the Code 14
  8. The Rest of the 1992 Act 16
  9. What a Partnership Is 18
  10. Registering a Firm 20
  11. The Effect of Not Registering 23
  12. Practice: Module I 26

Module II LLPs, Private Companies, Start-ups and Unicorns

  1. What a Limited Liability Partnership Is 31
  2. The Incorporation Document and Incorporation by Registration 33
  3. The LLP Procedure, Step by Step 36
  4. What a Private Limited Company Is 38
  5. What Incorporating a Private Company Requires 40
  6. The Company Procedure: SPICe+ and What It Does at Once 43
  7. Firm, LLP and Private Company Compared 45
  8. Business Start-ups 47
  9. Unicorns 49
  10. DPIIT Recognition: Who Is Eligible 51
  11. The Recognition Procedure, and What It Gives 54
  12. Practice: Module II 57
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