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 …
Amongst the significant errors made by government for roll out of Goods and Service Tax (GST), The Taxation Laws (Amendment) Bill, 2017 was introduced in Lok Sabha on March 31, 2017. The main purpose for the Bill was to introduce suitable amendments in the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise …
The Companies (Second Amendment) Ordinance, 2019 was introduced as a replacement of the 2018 Ordinance. It has been formed on the basis of the recommendations of the Committee so as to fill crucial gaps in the corporate governance and compliance framework as enshrined in the Companies Act while extending greater Ease of Doing Business to …
The Lok Sabha passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018 that recognizes homebuyers as financial creditors to real estate developers. The bill also proposes a special dispensation for small sector enterprises. The Second Amendment Bill amends the Insolvency and Bankruptcy Code, 2016 to clarify that allottees under a real estate project should …
On Nov 23, 2017, the President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Code, 2016 (IBC) to strengthen the insolvency resolution process. The Ordinance amends the Insolvency and Bankruptcy Code, 2016 to prohibit certain people from submitting a resolution plan (specifying details of restructuring a defaulter’s debt). These persons include: (i) willful defaulters, …
Insolvency is a situation where a company is unable to repay its outstanding debt. The Insolvency and Bankruptcy Code (Amendment Bill) (“Bill”), 2017 was introduced on December 28, 2017 amending the Insolvency and Bankruptcy Code, 2016 (“Code”) which replaces an ordinance promulgated in November 2017. Resolution Applicant A resolution plan explains the details that how …
According to the requirements of the Companies Act 2013 and other applicable laws, every company including subsidiaries of foreign companies, joint venture companies while incorporating business in India has to file certain documents with the government authorities. Following are the required documents along with the e-forms with the Registrar of Companies (RoC) with proper jurisdiction …