Sakshi Srivastava

Nidhi Companies have become a growing trend in India. Small financers are being greatly benefitted by incorporating a Nidhi Company. A Nidhi Company requires a low capital, few members and some basic documents for its incorporation. Since, such companies are made only for the mutual benefits of its members or shareholders, so there is less […]

GST has several benefits that integrate the economy while making Indian products more competitive globally. It also offers benefits to the industry, the government as well as Indian citizens. GST will give a major boost up to the ‘Make in India’ proposal of the Government by making goods and services produced and provided in India. […]

The Karnataka HC in a recent judgement held that “just” insufficiency in an enquiry or inadequacy of evidence on record cannot be taken as a ground to invoke revisional powers that are given in Section 263 of Income Tax Act, 1961. This judgement was passed by the high court of Karnataka in the view of […]

The term “Nidhi” means wealth in the traditional context. However, to start a Nidhi Company, in the financial sector, pertains to a type of company recognized u/s 406 of the Companies Act, 2013. There are different names, such as Benefit Funds, Permanent Funds, Mutual Benefit Companies, and Mutual Benefit Funds. These companies are governed by […]

The Central Board of Direct Taxes has the power conferred upon them by Income Tax Act. Section 295(1) of Income Tax Act, 1962 has laid down the rules that CBDT (Central Board of Direct Taxes) can make changes in the rules and provisions of Income Tax Rules, 1962. This new rule is known as Income […]

Social capital basically allows a group of people to work together efficiently to accomplish a common principle & goal. It permits any society or an association like a corporation & an NGO, to function and work together as a whole while maintaining the trust with shared identity, rules, principles, and maintaining mutual relationships. In simple words, Social […]

When a patent is given for an invention in India, the next requisite step is to guarantee that it is renewed annually and unceasingly. Section 53 Rule 80 of the Indian Patents Act talks about the renewal process of an Expired Patent. It can be done by the payment of Patent Renewal Fees diligently during […]

In order to take the exemption related to Section 11 under NGO, the institution should be registered as trust. Moreover section 12A lay down exemption under section 11 as well as Section 12 of Income Tax Act, will not be accessible except the following conditions are satisfied The NGO is required to acquire 12AA registration […]

The dynamics of the world are drastically changing, and it is advisable to keep pace with the changes. Several environmental factors such as deforestation, forest fires, global warming, ozone layer depletion, etc have led the human race to witness the climate change. Various environmentalist and young activist such as Greta Thunberg keep encouraging and promoting […]

Trademark infringement case is famous due to numerous grey areas in the analysis of intellectual property rights law. The previous few years have also led to many landmark trademark disputes. It comprises arguments like Cadbury and Nestle over the trademark of the characteristic blue wrapping. Coca Cola received a trademark over the shape of the […]

The National Commission for Allied and Healthcare Professions Bill, 2020 was introduced in the Parliament on September 15th, 2020. The bill was presented by Dr. Harsh Vardhan, the Minister of Health and Family Welfare. The bill aims to regulate and develop the standards of education and practice of allied and healthcare professionals. These allied healthcare […]

A trust in general falls under Indian law having a statutory authority, i.e. the Indian Trusts Act, 1882. The Indian Trusts Act, 1882 is an Enactment in India related to separate guardians and custodians. The Act defines what would legally be designated as trust and who can be authorized as its trustees and gives the […]

The Finance minister Nirmala Sitharaman introduced the Bilateral Netting of Qualified Financial Contracts Bill, 2020, in Lok Sabha on September 14, 2020. She said that the Bilateral Netting of Qualified Financial Contracts Bill would have a significant bearing on the financial sector’s stability and would release large amounts of locked-up capital in the banking system […]

In today’s world, society tends to change drastically and people are aware of the necessity of social interaction. Fulfilment of social needs by any NGO should be an utmost priority. In order to fulfil those needs and keeping up with the change, society needs dedicated, determined and responsible non-profit organisations and leaders. There is a […]