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According to the Companies Act 2013, the novel concept of One Person Company (OPC) has emerged in response to the ever-changing business landscape. It is a cross between a sole proprietorship and a corporation. Although the concept of entrepreneurship is new in India, it would take time for people to accept it. There is a […]
Public Interest Litigation is a new jurisprudence developed by the Supreme Court through judicial activism. It protects the rights and interests of the less fortunate and weaker members of society who are subjected to oppression on any level, whether it is social, economic, or otherwise, and who are unable to go before the court on […]
A company is defined under Section 2(20) of the Company Act of 2013, as “A company formed in accordance with this Act or any previous act.” Under the Act, there are several forms of the company, but one should select their business model based on the particular nature, appropriate laws and regulations, etc. As per […]
If you are co-owning a business with one or more people, then you have not formed the business as a private limited or corporative society or any other business form; your business is a partnership. In partnership, two or more people come together to do business, divide their responsibilities and share the profit and losses […]
In our everyday life, we all come across various designs which help us recognise a product, and these designs are not limited to a particular subject matter. These designs are used in many areas and in different forms, such as drawings or creating blue prints of an industrial setup or interior designing. In the last […]
The World Steel Association lists about 3,500 different classes of steel, each with its own special characteristics. Steel is available in various grades, specifications, forms, and finishes. Steel can be utilised in a wide range of applications, including construction, appliances, transportation, wind turbines, and many more due to its many varieties. Hot rolled steel is […]
IP or the intellectual property is referred to the product of human intellect, for, e.g. technical, literary, artistic, or scientific work. When the legal rights are granted to the creators of these works, they are known as the intellectual property rights, often called as IPR. These rights grants the creator an ownership and the exclusive […]
Nidhi means funds. One of the sub-categories of the Indian non-banking finance sector is the Nidhi Company. It is recognised under Section 406 of the Companies Act of 2013. The term ‘Nidhi’ has been defined under Rule 3 (da) of the Nidhi Rules of 2014, which means a company has to be incorporated with the […]
When we plan to incorporate a business or expand the existing one, we have to take an important decision here, regarding the selection of the form of the organisation. Some common forms of incorporating a business are Limited Liability Partnership, Partnership, Cooperative Society, Joint Stock Company, etc. In this article, we will talk about different […]
A proprietorship is known as a state of owning a business or holding property to earn profits. It has been generally seen that the term proprietorship and sole proprietorship have simultaneous usage. The sole proprietor carries the business exclusively by and for himself. He takes control of all the activities of the business. He is […]
Boards are always considered as the power centres of a corporate entity. Therefore every company that has been incorporated as per the rules of the Company Act of 2013 or the Limited Liability Partnership Act is required to maintain a minimum number of directors in the company. These are two in the case of a […]
The field of medicine known as obstetrics and gynaecology is dedicated to the care of women during pregnancy and childbirth, as well as the diagnosis and treatment of conditions affecting the female reproductive system. It also focuses on various conditions affecting the health of women, including infertility, menopause, and hormonal difficulties. It also goes by […]
The medical device industry in India is predicted to expand over the next several years as a result of greater health awareness, a growing middle-class population, and government health programmes. With the release of the Medical Device Rules in 2017, Indian authorities completely altered the medical device regulatory procedure. The Central Drugs Standard Control Organisation, […]
One of the primary reasons behind India’s emergence as a global economic giant is company and corporate insolvency laws, and how they have facilitated business and investment growth is commendable. With the increase of trade and industry, the fairs related to company matters were also rapidly increasing, resulting in burdens on the High Courts. As […]