The essential documentation required for Foreign Nationals seeking to incorporate a company in India includes the following: 1. Passport: For Foreign Nationals, a Passport serves as mandatory proof of identity. It must be Notarized or Apostilled in the country of issuance. If the document is in a foreign language, an official translation to English, notarized […]
The new Consumer Protection Act, 2019, which replaces the earlier law on the subject, has come into force from July 20, 2020. Among other things, the new Act seeks to protect the rights of consumers through its various rules and provisions relating to Consumer Protection Councils, Consumer Disputes Redressal Commissions, mediation, product liability and punishment […]
To give relief from the compliance burden during the Covid-19 pandemic, the CBDT has given relaxation in various compliances. The Govt. vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 read with Notification No. 35 /2020, dated 24-06-2020 has extended various due dates of Income-tax compliances. It includes the extension of due […]
THIS AGREEMENT is made and entered into as of the …. Day of July 2020 (“Effective Date”) by and between …………………………. and ……………………………. a having an office and place of business at …………………………………………………….. (hereinafter called First Party) And the M/s ……………………………………………… having Office at ………………………… and represented by its Directors …………………….(hereinafter called Second Party) WHEREAS, […]
What is a trademark? A trademark (popularly known as brand name) in layman’s language is a visual symbol which may be a word signature, name, device, label, numerals or combination of colours used by one undertaking on goods or services or other articles of commerce to distinguish it from other similar goods or services originating […]
Your Role as a director: A Company as an artificial person, acts as through directors who are elected representatives of the shareholders and execute decision making for the benefit of shareholders. When the director is appointed as whole-time director of the Company then that particular director shall be considered as employee director or whole-time director […]
Section 164(1) Provides that a person shall not be eligible for appointment as a director of a company, if – (a) He is of unsound mind and stands so declared by a competent court; (b) He is an undischarged insolvent; (c) He has applied to be adjudicated as an insolvent and his application is pending; […]
The popular forms of NGO’s in India are Trust, Society and section 8 Company. All are associations of persons, gathered for a motive, for their mutual benefit All three types are governed by different laws and formed for the benefits of its members or people covered by the by-law. The basic difference between these three […]
Board of Directors A company, though a legal entity in the eyes of law, is an artificial person, existing only in contemplation of law. It has no physical existence. It has neither soul nor body of its own. As such, it cannot act in its own person. It can do so only through some human […]
Preference shares are often referred to as preferred stock. It means they are preferred over other types of shares for payment of Dividend and return of Capital. If the company enlists for bankruptcy, preferred shareholders are entitled to be paid before common shareholders from company assets. Most of the preferred shares have a fixed dividend, […]