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The Dividend is basically a profit that is paid to the Company’s shareholders. It is often paid annually to the shareholder after drafting the final accounts of profit, and the same has to be distributed. Shareholders’ right on profit as dividends only comes up after the declaration of the Dividend made by the Company after […]
The tax deduction at source (aka TDS) has been rather beneficial in tax collections in the country by covering the source of income itself. It is helpful to both the taxpayers and the Government. From the government viewpoint, TDS helps in controlling tax evasion to a significant extent by placing the liability on most working […]
A cease and desist letter refers to a notification sent to the person or a business entity to deter an action of infringing the Intellectual Property Rights. Fundamentally, cease and desist notices are sent as a warning letter to the defaulters or infringers before initiating the legal proceedings. Sending Cease and Desist Letters to the […]
DGFT is the sole institution in India that looks after the foreign trade activities in India. In association with apex government institutions, DGFT, from time to time, may restrict the cross-border trading for certain products to protect the nation’s interest. To curb the transportation of hazardous and restricted substances, the DGFT has underpinned some guidelines […]
A Will is a declaration of a person’s intent regarding his/her property to take effect after his/her demise. A probate is a legal version of a will issued by the respective court that acts as proof of its authenticity. One of the primary objectives of the laws regulating succession is to give effect to a […]
Confronting a cease-and-desist letter or having a grievance filed against you is never a welcome occurrence. Various resources must be routed away from your business & toward fixing the dispute or rebranding. A modest investment in IP i.e., intellectual property diligence work prior to the launch of website, can help you avert the given Intellectual […]
The entire salaried class individual is liable to file ITR every year. The Indian government has put those outside the taxable regime who earn between Rs 2.5 lakh and 5 lakh. Other than, that has to file their ITR under the prescribed due date. A taxpayer can claim a refund for additional tax paid during […]
An Import Export Code (aka IEC) is compulsory for all business owners willing to step into export or import business in India. The Director-General of Foreign Trade is an apex government institution that grants the IEC to businesses in India. The IEC is a 10-digit code that comes with lifetime validity and empowers businesses to […]
A few years back, the Banking and Finance sector came across a pleasant surprise when the Government declared the Financial Resolution & Deposit Insurance bill’s withdrawal. This declaration continues to disrupt sectors owing to the persistent loophole in the framework governing the stress in FSPs, i.e., financial services providers. Till the arrival of Insolvency and […]
It’s been more than 2 months since the Union Budget 2021-22 rolled out the Finance ministry. The Budget seems promising as it entails a lot of productive measures for stressed sectors, including MSME. During its release, the finance minister emphasized the impact of Covid-19 on the working sector and pointed out the preceding measures taken […]
A few months back, RBI set out the framework related to the co-origination of loans by NBFCs and banks in the priority sector. This model came into existence to neutralize the liquidity crisis at NBFCs to improve the credit flow of priority sectors. The model was widely recognized as a Co-lending model, aka CLM. What […]
Ever-evolving rivalry in the lending market & high borrowing cost has escalated the need for more businesses to follow agile methodologies. A lending business that excels on customer-centric policies by augmenting existing infrastructure via technological leverage is more likely to have an enlarged customer base than others. Therefore, the time has come for NBFCs to […]
Food is the lifeblood for all living beings, and it is the accountability of its providers to keep its quality intact. In India, the production, processing, distribution, and trading of food items is regulated by the FSSAI (Food Safety and Standards Authority). This institution was set up by the Indian government, intending to tighten up […]
In the past few years, the significance of trademark registration has grown in tandem with the evolving competition. At present, many firms, including startups, prefer protecting their IP assets upfront before speeding up their marketing campaign. Increased marketing attracts infringement vulnerabilities; thus, protecting a firm’s intangible assets is a wise move. In this write-up, we […]