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 …
Government of India has been making tremendous efforts in clearing backlogs/disputes/appeals under direct and indirect taxes which has resulted in the launched settlement schemes under Direct Tax (Vivaad Se Vishwas Scheme) & Indirect tax (Sabka Vishwas Scheme). On the similar lines, MCA i.e Ministry has come up with the scheme called Companies Fresh Start Scheme …
The introduction of the products and Services Tax was one among the foremost significant and most fundamental changes within the Indian taxation system since Independence. Further, it brought an outsized sort of taxes under one umbrella and helped simplify the method of taxation. The GST effectively replaced the older versions of the Central and State …
A booming out-pour of Startups in India is the recent trendsetter. Recently, we have witnessed many low and high profile Start-Ups landing up in the Court of law fighting legal battles and sabotaging their reputation publicly. In order to avoid such mistakes, here are “quick tips” that a Start-Up must do to avoid such ugly …
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, …
Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as it is a form of business entity, which allows individual partners to be free from the concept of joint liability of partners in a partnership firm. LLP offers nearly all the benefits of a private limited company, with none …