In India, a person or an entity proposing to start with a food business must obtain a food license or a registration from the Food Safety and Standard Authority of India (FSSAI). Approximately 90% of food products have a prescribed specification by FSSAI. Only the ocean products and therefore the production involving fishermen and farmers …
Corporate reorganization involves restructuring the way a company works in an attempt to avoid double taxation scenarios, improve profitability, or increase the company’s efficiency. The corporate reorganization clause is a provision contained in a company’s charter. The endowment directs mergers and acquisitions, changes in assets or ownership structure, as well as changes in corporate control. …
Companies in the corporate world are required to comply with various requirements laid down by the Companies act, 2013. One of them includes annual ROC filling which includes filling of MGT-7 & AOC-4 which are required to be filed annually. These are called Annual filling with regard to Companies Act which the company has to …
The power to invest the funds of the company is the privilege of the Board of Directors. This power is resulting by the Board under Section 179 of the Companies Act, 2013. However, the Companies Act, 2013 contains provisions for boundaries on investments that a company can make and loans it can provide to others. …
Winding up of a company is defined as a process by which the life of a company is brought to an end and its property is administered for the benefit of its members and creditors. Winding up ultimately leads to the dissolution of the company. In other words, it refers to the situation by which …
A company incorporated in India is statutorily required to maintain certain registers and records to comply with the provisions of the Companies Act, 2013. What are statutory registers? A Company’s statutory registers contains information regarding specific records of its shareholders, directors, deposits, loan & guaranty, etc. and are kept at the registered office of the …
WHAT IS ESOP? Employee Stock option Plan (ESOP) are often defined as Employee Benefit Plan, designed for the long-term benefits of the workers of the Organization by providing them with an choice to participate within the equity ownership of the Organization by paying minimal amount of consideration. WHY ESOP? Employees are the core strength of …
Trademarks act as an efficient communication tool A trademark has the power to convey attributes of emotions and intelligence and convey positive messages about the brand to the overall public. It also conveys a positive image for your company’s brand. Protects your brand Your trademark doesn’t need to be a word always; it also can …
Over the last decade, many strong economic reforms are implemented by the govt of India. The introduction of GST and investor-friendly laws helped many industries to extend profit and for several to sustain. These favorable conditions are making India stand firmly during these critical financial conditions worldwide. Following are the ten leading industries in India, …
IEC stands for Import Export Code or Importer Exporter Code which is represented by a 10 digit number issued by DGFT (Director General of Foreign Trade), Department of Commerce, Government of India. It is valid for the life time of the business and no need for renewal. Import and Export Code (IEC) is compulsory for every business, who is …