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Private security companies in India operates under the ambit of the Private Security Agencies (Regulation) Act, 2005. This Act outlines brief guidelines for companies willing to make their mark in the private security business. From registration prerequisites to code of conduct, PSARA Act covers almost every dimension that affects a company’s working in one way […]
In case an owner is open to cut you a lucrative deal by selling the property via a General Power of Attorney (GPA), a law-abiding & alert buyer would straightway refute the offer. In the year 2011, the honourable Supreme Court concluded that transferring property title through GPA would no longer stand legal. Before we […]
The Government has extended the released date for the new Foreign Trade Policy 2021-2026. Owing to an ongoing pandemic, the Government has decided to stick with the existing Foreign Trade Policy till September this year. The new Foreign Trade Policy was expected to unveil some growth-driven announcements with significant stress on the export promotion. The […]
The Professional Tax is a tax imposed on an individual in any trade, profession, employment, and calling in West Bengal. The State legislature introduced the “West Bengal State Tax on Professions, Trades, Callings & Employments Act, 1979” on account of power granted by Article 276 of the Constitution of India. The Act came to life […]
In this article, we shall look at the documents required for producer company registration and registration process. Producer Company refers to a body corporate having activities or objects mentioned in section 581B under the Companies Act, 1956. Such entities are not allowed to perform tasks other than the listed below; Production, processing, harvesting, procurement, pooling, […]
In this article, we shall briefly explain the process of Incorporation of a Producer Company via SPICe+.The Indian economy is agricultural-oriented. Around sixty per cent of the populace in India funds their need through agricultural activities. But, the farmers and primary producers had gone through a lot of hardship in India. To address these critical […]
Corporate Governance refers to a set of system, principles & process by which an organization is governed. It underpins guidelines as to how an organization can be directed to meet its goals such that it adds value and is beneficial for shareholder as well. Since corporate Governance also set up a framework for attaining an […]
The relationship between delinquency and India is deep-rooted. As per the data of the National Bureau of crime record, India’s crime rate rose steadily by 3% in 2017-2019. Despite several measures, the crime rate in India sees no obstacles and thrives seamlessly. This is a rising concern for people who resides in metropolitan areas where […]
When it comes to acquiring & selling businesses, one of the most convenient ways to transfer ownership is to sell out the company’s share. This is because while the business ownership may change, the daily activities of the business continue, with workforce, contracts & property staying with the company. When somebody sells their business shares, […]
Micro, small and medium enterprises are significant contributor to the nation’s economy. It is also playing a pivotal role in creating job opportunities for skilled and unskilled youth of India. But, the arrival Covid-19 pandemic has dented their growth and left them in woes of fiscal instability and dearth of resources. As a result, many […]
Although a succession certificate, probate, & legal heir certificate are all diverted to one single goal of transferring the deceased’s property while giving effect to the desire of the same individual, they have distinctive property & repercussions. Obtaining a legal heir certificate is predominately the initial step and is seemingly straightforward, whereas availing probate seeks […]
To curb money laundering in India, Reserve Bank vide its Notification released on February 12, 2021, clarifies that new investors from or via non-compliant Financial Action Task Force jurisdictions cannot directly or indirectly acquire considerable influence in India-based NBFCs. This implies that new investor from said jurisdictions in total should hold less than 20% of […]
Trademark infringement is a punishable crime in our country. Registration enables the trademark’s owner to leverage legal proceedings against the defaulter involved in the act of Infringement. This is because a trademark renders an exclusive right to the owner over the use of the mark. But, even in the truancy of registration, some specific rights […]
MSMEs are the mainstay of the Indian economy owing to their massive contribution to the nation’s socio-economic development. They have garnered increased recognition, & many fiscal & economic reforms have been launched for this sector. MSMEs lacks better management of funds and thus, seeks an improved supervisory of the same. And this where VCFO services […]