Learning / / Page 18
As you know, export plays a significant role in the nation’s economic development. The increasing inward foreign remittance is beneficial for the nations as it helps in creating more jobs and keeps the nation in healthy financial state. Henceforth, India needs to improve its export capabilities through the introduction of various Export Promotion Schemes. India […]
Batteries (Management and Handling) Rules, 2001 takes deep concern about the misuse and mishandling of lead-acid batteries throughout its supply chain. For this reason, the said rules set out various guidelines and norms to ensure apt management of such batteries. It vests everyone in the supply chain, including producers, OEMs, dealers, and retailers, with a […]
Duty Credit Scrips refers to export promotion benefits mentioned under the Foreign Trade Policy (FTP) 2015-20. It aims to encourage exporters to boost the influx of overseas currency in India. Duty Credit Scrips facilitates tax incentives on exports, which aid exporters to set off their import related duties. It is granted under the schemes like) […]
Section 124 of the Companies Act 2013 talks about the matters relating to the unpaid dividend account. This section provides for the channelization of the unclaimed or unpaid dividends to the special account created by the company in the designated bank. As per this section, this account is known as an unpaid dividend account. Section […]
Condonation of delay is primarily applied for the deferred applications or suits in honorable courts in India. It is also applied to the last date of filing an IT return has passed, and the taxpayer intends to file those preceding returns. The concept of Condonation of delay has been adopted by various legislations in India. […]
India has a huge marketplace for battery production and consumption. Considering the risk posed by batteries to the environment and human life, the Indian government has enacted the legislation known as Batteries (Management and Handling) Rules, 2001. The said rules underpin various compliances and norms to ensure safe and apt handling of batteries throughout the […]
The process relating to striking off is an optional mechanism to wind up a company in India. The Companies Act provides two modes of strike-off: strike off by the RoC u/s Section 248(1) of the Companies Act 2013 & strike off by a company on its own accord u/s 248(2) of the Companies Act, 2013. […]
Transportation is one of the most crucial areas of concern related to handling Hazardous Waste because the packaging and method of transporting Hazardous Waste will determine the possibility that an accident or spill with occur. Proper and quick identification of a spilled substance will determine how effectively and safely the situation can be controlled. In […]
Generally Speaking, Hazardous waste refers to the waste that has potential threats to human health or the environment. It is originated from a variety of sources, ranging from manufacturing process waste to batteries and may exist in various forms, including solids, liquids, gases, and sludges. In this write-up, you will come across the legal meaning […]
MGT form was introduced to file certain resolutions with RoC. Such resolutions usually find their way to MGT 14 after getting approval of company’s members in the meeting. This write-up pens down the resolutions to be filed via MGT 14 form. Categories of Filing Resolutions Companies are obligated to file following categories of resolution via […]
The Memorandum of association and articles of association serves as charter documentation for establishing the company and its undertaking thereon. Memorandum of association is an abbreviated term for MoA, which is the fundamental document of the company, which entails all the key particulars of the company. Meanwhile, the Articles of Association is an abbreviation for […]
According to norms underpinned by the Ministry of Agriculture, it is compulsory for the importer of animal products to secure sanitary consent from the customs while importing meat, eggs, dairy products, pet food embryos, ova or semen. Section 3 & 4 under the Livestock Importation Act, 1898 seek to regulate the trade of livestock items. […]
We all know that hazardous wastes are dangerous to the environment and human life. The majority of such waste generated via industrial activities severely affected the areas in close proximity. The government has implemented the Hazardous and other Wastes (Management & Tran boundary Movement) Rules, 2016, to minimise the impact of such wastes on the […]
Single plastic waste and multi-layered plastic packaging material are the prominent sources of waste generation in India. Indian Government has been through a lot of hardship and has taken various measures to curb such a situation. According to a recent Government report, India has witnessed double-digit growth in waste generation in the last five years […]