Duties and Responsibilities of director’s role holds significant importance in the business. A company’s director is more of a title; its position signifies leadership, accountability, and decision-making. In this article, we explore the fundamental responsibilities and duties of a director of a company. Along with the essential contributions they make by guiding the companies, which…
In the corporate world, the appointment of Key Managerial Personnel (KMP) is a crucial task for a company’s performance and strategic direction. As per the provisions of the Companies Act, 2013, the roles and responsibilities of KMP are in high demand as they reflect business ethics, compliance and transparency. In this article, we explore the…
In India, the Companies Auditors under the Companies Act, 2013 outlines a systematic process for the appointment of auditors. In the corporate world, it is crucial to ensure that the financial integrity and transparency is in the operational system of the Company. The Appointment of Auditors not only protects the interests of stakeholders but also…
Section 7 of the Companies Act is very important when it comes to starting a business because it sets the guidelines for how to start a company in India. This section defines the procedural and legal prerequisites that aspiring entrepreneurs and stakeholders must comply with in the process of establishing a new company. This blog…
In the corporate world of governance, the role of auditors holds an immense position. Auditors play a vital role in upholding the transparency, accountability, and accuracy of a company’s financial reporting. However, sometimes there is a circumstance arises, where auditors either choose to resign or need to be removed from their positions before their term…
Trademarks are like a protective shield for a brand’s identity and reputation. Trademark lawyers, who are professionals in trademark law, play a vital role in getting, protecting, and defending these significant brand symbols. In a market fraught with intellectual property complexities, trademark lawyers guide trademark registration, resolution of infringement conflicts, and the strategic handling of…
In the realm of employee welfare and financial security, the term “PF” stands prominently, referring to Provident Fund. PF, managed by the Employee Provident Fund Organization (EPFO), serves as a crucial financial safety net for employees in India. It’s a savings scheme that mandates a portion of an employee’s salary to be set aside each…
Nidhi Companies and Non-banking financial companies (NBFCs) stand as unique players, each with its distinct features and roles. This article provides a brief comparison between Nidhi Company vs NBFC, through some light on their purposes, regulatory frameworks, and operational scopes. By understanding the differences between Nidhi Company and NBFC, we gain insight into the varied…
AOC-4, a crucial financial statement filing under the Companies Act, 2013, is indeed applicable to Section 8 companies. These unique entities, primarily formed for charitable or non-profit purposes, are not exempt from Section 8 company compliance requirements. AOC-4 mandates Section 8 companies to submit their financial statements, including the balance sheet, profit and loss account,…
In the corporate world of governance, the role of auditors holds an immense position. Auditors play a vital role in upholding the transparency, accountability, and accuracy of a company’s financial reporting . Resignation and Removal of Auditor However, sometimes there is a circumstance arises, where auditors either choose to resign or need to be removed…