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India's franchise business market has seen tremendous growth, increasing four-fold since 2013, and is now valued at USD 50.4 billion. This boom has been fueled by a growing trust in franchise ownership as a reliable source of income, particularly during the COVID-19 pandemic, when many professionals ventured into the food and beverage industry.<br/><br/>One such franchise, Spice, Grill and Flame (SGF), was established on January 29, 2019, aiming to provide food services. SGF's founder, Kewal Ahuja, has expanded the franchise significantly, supported by strategic PR and advertising efforts. However, serious issues have emerged concerning SGF's compliance and financial practices.<br/><br/>SGF's franchisees have encountered significant challenges. The company collected large franchise fees without reporting them to regulatory bodies like the Income Tax Department and GST Council. Additionally, SGF has failed to comply with mandatory MCA filings. Both SGF and its sister company, Spice, share the same address and management, suggesting potential fund misappropriation. Spice's turnover reports contrast sharply with SGF's nil returns, raising further suspicions.<br/><br/>Specifically, SGF was formed in 2019 and appointed its first auditor on February 25, 2019. However, no financial records were submitted to the MCA for that year. A second auditor, appointed on December 31, 2020, also found no records filed for the previous year. This consistent non-compliance with MCA filing requirements for two consecutive years could lead to SGF being struck off if continued.<br/><br/>Moreover, SGF has not filed income tax returns for the past three years, despite collecting franchise fees. This omission indicates potential financial malpractice. SGF also applied for three GST numbers, two of which have been cancelled due to inactivity. The third, active in Mumbai, has not seen any returns filed since September 2021, raising questions about the purpose of GST collection from franchisees.<br/><br/>Kewal Ahuja's dual role as the Treasurer of BJYM Delhi Pradesh further complicates matters, as his political influence may impact investigations. Potential investors are strongly advised to reconsider investing in SGF due to these significant red flags and the company's track record of statutory non-compliance and financial irregularities.
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#KPGovt #AliAminGandapur #Snuff <br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.<br/><br/>Official Facebook: https://www.fb.com/arynewsasia<br/><br/>Official Twitter: https://www.twitter.com/arynewsofficial<br/><br/>Official Instagram: https://instagram.com/arynewstv<br/><br/>Website: https://arynews.tv<br/><br/>Watch ARY NEWS LIVE: http://live.arynews.tv<br/><br/>Listen Live: http://live.arynews.tv/audio<br/><br/>Listen Top of the hour Headlines, Bulletins & Programs: https://soundcloud.com/arynewsofficial<br/>#ARYNews<br/><br/>ARY News Official YouTube Channel.<br/>For more videos, subscribe to our channel and for suggestions please use the comment section.
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#pmshehbazsharif #ranasanaullah #chairmanpti #pakvseng #bulletin <br/><br/>Pakistan welcomes new ICJ ruling against Israel<br/><br/>Cabinet approves package for Chinese victims of Dasu terror attack<br/><br/>SBP to introduce QR code payment for sacrificial animals purchase<br/><br/>Anti-tetanus injection consignment to ‘arrive’ in Pakistan on May 27<br/><br/>Hajj 2024: Saudi Arabia unveils customs rules for overseas pilgrims<br/><br/>Relief to PTI is not consequence of any signal: Rana Sanaullah<br/><br/>Five killed in dumper-van collision in Thatta<br/><br/>Pakistani Journalist ‘detained’ in Greece for allegedly waving national flag<br/><br/>PM Shehbaz ‘rejects’ FBR’s tax proposals for Budget 2024<br/><br/>KP CM Gandapur will attend SIFC meeting, says Barrister Saif<br/><br/>After World Court ruling, Palestinians want action not words<br/><br/>Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
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Angela Rayner taunts the Tories after police dropped their investigation into her living arrangements. Greater Manchester Police decided not to pursue claims that Rayner did not live at her registered address, and they also stated they had no jurisdiction over a separate council tax allegation. Rayner took to Twitter to share the news and tagged Tory MP James Daly, who had initially reported her, ensuring he would see her triumphant post. Join us as we delve into the details of this political drama and the reactions from all sides.
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manchester city Vs manchester united 1-2 Highlights All Goals #final #highlights #manchesterunited #mancity #manchestercity #halland #footballhighlights #football #manunited
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