India is taking on social responsibility more than ever since the government issued a new directive in January 2021 highlighting the key theme that Corporate Social Responsibility (CSR) is mandatory and a legal requirement. Section 135 of the Companies Act made it mandatory in 2014 for all companies with net assets of Rs 50 billion…
The company is a separate legal entity and it is recognized with the legal name from which they can operate its business and can create an identity in the marketplace. The name of the company is defined under Section 4 of the companies Act, 2013 under Name Clause of Memorandum of Association of the Company….
The Ministry of Corporate affairs (MCA) have also undertaken the process of KYC which means “Know your customer” of DIN holders as like all banks and financial institutions know their client’s identity by verifying their personal details like Mobile number, E-mail Id, PAN, Passport. In the process of DIR-3 KYC the details of Directors having…
The Board of Directors and supervisory group ought to concede to a rundown of key choices that require Board assent. Choices like an endorsement of spending plans, capital raising, enormous capital consumption things, dispatch of new product offerings, and recruiting of senior administration and remuneration arrangements are instances of such choices. The objective is to…
There is a comprehensive list of product certificates and the actions with which the food business operators must comply. Food laws are one of the most widely enforced laws in the country. As per the food qualities, the food products are certified. The latest standards regarding food products are FSSAI and AGMARK. They ensure that…
By keeping in the view of development in trading, commerce and industry globally, the need for trademark emerged to keep the emerging flow of trade intact and to simplify trademark managing system. Accordingly a trademark bill was passed in 1999 to comply and harmonize the globalisation of trade and industry, to encourage investment flow, transfer…
Creation of the corporation takes place as per the legal provisions bestowing it a “separate legal entity” and perceiving it as an “artificial person”. Existence of such an artificial person could only be ended legally. Therefore, winding up refers to legal proceedings of terminating the existence of the company. It puts a full stop to…
A trademark is any mark, logo, name, symbol, letter, figure, word, used by any individual or the company in order to uniquely identify its goods or services from those manufactured or sold by others. Hence, the customers must be capable of distinguishing one’s goods or services from others. Trademark registration in Rajasthan is governed by…
OPC and Sole Proprietorship, though the names sound similar with words in reality the approach and aspect are different from each other. In OPC allocation of share to run the business is held by single person who runs the company. Whereas in sole proprietorship the business is completely owned and operations are executed by one…
We all know that companies are considered as separate legal entity. All the companies have various compliances as per ROC instructions. They need to intimate all the happenings in the company, whether big or small to ROC. ROC also requires the companies to file their annual returns with all financial statements. In this article our…