As the name suggests, a sole proprietorship is an independent business model operated by a single individual. Furthermore, these business models seek no governmental registration and could be run with a minimum of hassles. The ease of formation and less compliance make this business model quite popular across the unorganized business sector. In this write up […]
After being introduced on September 14, 2020, Banking Regulation (Amendment) Bill, 2020 has finally enacted by the lower house of the parliament. This new amended act regulates the functioning of the bank and covers the several aspects such as management, licensing, and operation. The bill supersedes the Banking Regulation Amendment Ordinance, 2020 that was released […]
NBFC is an organization that provides banking and financial services and it is governed Reserve Bank of India within the framework of the Reserve Bank of India Act, 1934 “Chapter III-B” and the instructions issued by it. In this write up we will look into the Regulations governing NBFCs in India. What is Non-Banking Financial […]
A gift deed is typically used to legally transfer the property (movable or immovable) and it is executed between the donor and donee. Though gift deed replicates the sale agreement to a greater extent, it cannot be executed in the presence of any consideration whatsoever. As the name suggests, the gift deed is strictly based […]
Innovation drives Information Technology. Whether it is a new business setup or an old corporate giant, everyone relies on innovation and technology. Then why not safeguard this invention and technology. Interestingly, now you can copyright your program and application via copyright registration. Not all developers understand the importance of copyright registration. The unprotected programs that […]
A gift deed is referred to as a statutory document that encloses the act of transferring the property to the beneficiary from an owner in the form of a gift. The gift deed is executed between the donor (owner of the property) and the donee (beneficiary). Precisely, it’s not important to execute a gift deed […]
A gift deed is a statutory document that encloses the details about the asset being transferred to the beneficiary from the donor in the form of a gift. A gift deed is executed between the donor and the donee. Though it is not mandatory to implement a gift deed while transferring the property, it does […]
Patent, trademark, and copyright are the typical terms that we often come across while buying any product or availing any services. Often, people confuse these terms because they all sound quite similar. Truth be told, all these terms bear almost no resemblance to each other since they serve different purposes. The patent, trademark, and copyright […]
In the earlier position, FSSAI vide notification released on 22/11/2019, has notified licensing authorities to steer clear of seeking the irrelevant document from food business operators leading to undue delay in the processing of the application. The aforesaid matter was also discussed in the CAC’s meeting held on 22/5/2020 and 5/08/2020, respectively, wherein it was […]
Food safety and standard authority of India has intimated the New Delhi Municipal Corporation regarding the Non-issuance of the additional license to the FBOs. The FSSAI has clarified their stand by explaining that they are the only authority in power authorized to issue a FSSAI license in India. The authority has made a formal request […]
Transferring your assets to your friend or family member is now a lot easier than you think, particularly after the advent of the gift deed. The transferring of the property in India is executed by way of a gift deed. Individuals must register the gift deed even though the gifting process is free from monetary […]
Undoubtedly, start-ups are the key performance indicator of the developing economy of a country. In India, the brand like Zomato, BookMyShow, Swiggy, and Foodpanda has shown how a startup can reap tremendous popularity in a short span of time. But not all startups are blessed with adequate funding and government backing. That is the reason […]
Trademark offers statutory protection to the company’s intangible assets, such as design, name, and logo. The ultimate goal behind raising the trademark registration is to undermine the defaulter’s intension to replicate the product’s identity. Trademark is a form of intellectual property, and Trademark Act, 1999, protects it. In this article, we would illustrate the list […]
The Companies Act states that if you intend to establish a private limited company, you do not need availing the commencement certificate of the business. The Act further states that there is no need to arrange any board meeting or file a statutory file with the registrar of companies. Since private limited companies have fewer […]
