Savvy Midha

Patent means a right granted to any individual for his innovation or invention. A patent gives an exclusive right to the inventor to protect his invention from being copied or stolen by others. Further registered patents can be granted for the use by the third party on the payment of fees. If anyone tries to […]

Copyright is one of the legal rights granted to the inventors and creators of literary, music, dramatic, and producer of films and recordings. By getting it registered through Copyright Registration, it grants the owner of the work an exclusive right to sell, distribute or reproduce its publication. Copyright registration is governed under Copyright Act 1957[1] […]

Section 164, of Companies Act, 2013 provides the information on the Disqualification of Directors, i.e. the conditions in which a person could be disqualified to hold the position of a director in a company.  The title of Section 164, “Disqualifications for Appointment of Director” which clearly states the grounds on which a person can be […]

As per the Companies Act, 2013, a Public Limited Company is a type of company that has limited liability and can offer its shares to the general public. Furthermore, anyone can acquire its stock in two ways. First, privately through Initial Public Offerings (IPO) or secondly by selling on the stock market. A Public Limited Company […]

FSSAI State License is granted to producers and food manufacturers having production limit as specified by the Food Safety and Standardization Authority of India (FSSAI). Also, importers, food truck operators, distributors, restaurants and other food businesses having the specified turnover and production limit need to obtain FSSAI State License. What is FSSAI State License The […]

MGT 7 is an electronic form used to file the particulars of the annual returns by companies in India. The form can be downloaded easily from the MCA portal and then filled and uploaded back on the portal itself. However, every company needs to get it signed by a professional. This blog contains all the […]

National Financial Reporting Authority (NFRA) was constituted with effect from 1st day of October 2018. Central Government has constituted this body under the provisions of section 132 of Companies Act 2013 to fulfill the following aims in this regard: To set up an independent body for regulating and assisting in the proper enforcement of legislation […]

With the introduction of section 130 of Companies Act 2013, any statutory body, if cast the doubt about the accuracy of financial statements prepared by a company or the accounts contain the misleading or fraudulent information, can approach Tribunal or court of law for account reopening of a company. If the Tribunal believes that the account […]

Every Company irrespective of whether it’s a Private Company or Public Company has to comply annually by filing Financial Statement to ROC in form AOC-4 and MGT-7 (with necessary attachments attached) within six months of the end of the relevant Financial year. However, section 131 of Companies Act 2013 is introduced as a savior to […]

A dividend means the proportion of the profit that the company distributes to its shareholders as a return on their investment. Dividends are paid for the financial year after the finalization of accounts. In layman language, the company pays a dividend to its shareholders out of the profit made in a financial year in proportion […]