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The BIS ISI certificate is a globally-acknowledged certification that empowers manufacturers to produce quality and safer products. There are several electronic products, including switches that fall under the BIS mandatory marking scheme. Products that pass the testing requirements under the standards can only use the ISI marking. The ISI marking signifies product quality and helps […]
A Gumasta license is a mandatory permit for businesses and trades operating or about to commence operation in Maharastra. The license falls under the state-based legislation called the Shops and Establishment Act. The licensing procedure, paperwork, and post compliances of the Gumasta license differ state-wise. The Municipal Corporation of Mumbai grants this license against the […]
Limited Liability Partnership is the most preferred business structure in India. Emerging businesses find LLP better than the conventional partnership model. It is because the LLP is much more flexible and ensures minimum liabilities for each serving partner. The minimum liabilities imply that each partner has nothing to do with the misconduct or losses triggered […]
In the legal sphere, a society refers to a group of individuals who work as a team to serve philanthropic objectives. Society registration is vital for securing legal status and complying with the norms of the West Bengal Societies Registration Act, 1961[1]. Society registration is available state-wise and thus one can apply for the same […]
Companies requiring name alteration must follow the prescribed Company Name Change procedure underpinned by the Ministry of Corporate Affairs (MCA). This write-up discusses the same in detail, letting you know every legal aspect associated with the company name change. Why Do Companies Opt For A Name Change? There could be many reasons why a company […]
Design is an essential aspect of the product that not only adds value but also helps companies reap great success. Design that has a commercial value sooner or later becomes the object of infringement. And if it doesn’t possess legal protection, no one can stop infringers from copying it. This is where Design Registration comes […]
IEC stands for Import Export Code. It is a 10-digit unique code assigned to the importers or exporters in India. Directorate General of Foreign Trade grants IEC as per norms of Foreign Trade Policy. Being a mandatory shipping permit, securing IEC is an absolute necessity for those intending to start an EXIM business in India. […]
FSSAI registration in Coimbatore is a mandate for all food businesses across Coimbatore. If you operate without this legal permit, you will most likely be penalized by authorities sooner or later. Read on to discover the process and paperwork requirements one must comply with to secure FSSAI registration in Coimbatore. Role of the Food Safety […]
SIMS (Steel Import Management System) registration is a government-backed licensing program that covers all steel importers. The Indian Government has introduced this system for harmonize the steel import and to maintain its statistical database. SIMS was launched on 01 November 2019 via notification no: 17/2015-2020. The said notification mandates all steel importers to secure SIMS […]
Businesses across India face many obstacles to survive the competition. IPR infringement has remained one of the fundamental issues for many established firms out there. They often have trouble securing their IP assets, such as taglines, brand names, and logos. There are many instances of infringers breaching IPR assets for monetary and business advantage. Popular […]
Ultra Vires is a Latin word that means “Beyond the Powers. Ultra Vires is typically used in legal sphere as a condition where an entity exceeds its authority or power (as cited under the charter document) while performing a particular business activity. The doctrine of ultra vires plays a pivotal role in the corporate law […]
ISMW stands for Inter-State Migrant Workers. ISMW Licence falls under the Inter-State Migrant Workmen (Regulation of Employment & Conditions of Service) Act, 1979. Every principal employer or contractor who deals with such a class of labour needs to secure this license without fail. Failing to do so can incur severe penalties for the defaulter. This […]
Whenever investor puts their hard-earned money in the financial market[1], they are generally rewarded by the company’s securities in exchange for their money. Investors could subscribe to the firm’s equity shares, debentures, or preferential shares. Equity is somewhat identical to owning a company’s asset. The term sweat equity refers to a person or company’s contribution […]
Organization under the Companies Act 2013 deals with several documents and statutory registers. Their apt maintenance is an absolute mandate for such firms. The said legislation encloses various provisions relating to this subject matter. Improper maintenance of the statutory register can derail daily operations and incur penalties for non-compliance. The companies Act 2013[1] mandates every […]