Soumyadipa Banik

About Soumyadipa Banik

Soumyadipa is a legal professional and has completed her Masters (L.L.M.) in Business Law from Amity University. She is an aspiring content writer and legal researcher with more than a year experience. She have earlier worked for Startup companies and written business and legal articles, blogs and website content. She is good at presenting complex issues in organized, easy-to-understand terms and committed to provide highly persuasive content.

Partnership Deed in Accounting – A Comprehensive Guide

In the realm of business, partnerships are a popular form of collaboration between two or more individuals. To establish a partnership and outline the terms and conditions governing the partnership, a vital document known as a partnership deed is crafted. The partnership deed serves as a contractual agreement between partners, defining their rights, responsibilities, profit-sharing […]

Removal of a Company Secretary under the Companies Act, 2013

The Companies Act 2013 is the governing legislation for companies in India. It outlines various provisions and guidelines for the functioning and management of companies, including the appointment and removal of key officers such as the company secretary. Under the Companies Act 2013 in India, the position of a company secretary holds great importance in […]

Understanding the Distinction between Company Name and Trade Name

In the business world, names play a crucial role in identifying and distinguishing entities. Two terms commonly used in this context are company name and trade name. While they may seem interchangeable, they actually have distinct meanings and functions. This blog aims to shed light on the difference between Company Name and Trade Name & […]

A Comprehensive Guide to Export of Medical Devices in India

The export of medical devices from India has gained significant momentum in recent years due to the country’s growing reputation as a hub for quality healthcare products at competitive prices. The Indian medical device industry offers a wide range of products, including diagnostic equipment, surgical instruments, implants, hospital furniture, and more. Exporting medical devices from […]

Unveiling the Potential Risks Involved with Nidhi Companies in India

Nidhi companies, also known as mutual benefit societies, are non-banking financial institutions prevalent in India. They primarily exist for the purpose of cultivating the habit of thrift & savings among their members and providing them with financial assistance. While Nidhi Company play a significant role in empowering local communities and promoting financial inclusion, it is […]

Understanding the Components of an LLP Agreement

Limited Liability Partnerships (LLPs) have become a popular choice for businesses due to their flexible structure and liability protection. When forming an LLP, one crucial aspect is the LLP agreement. An LLP agreement is a legally binding document that outlines the rights, responsibilities, and obligations of the partners, as well as the internal operations of […]

How to get BIS Certification for Hard Drawn Steel Wire?

BIS (Bureau of Indian Standards) certification is a voluntary certification scheme in India that aims to guarantee the quality, safety, and durability of products. The BIS certification for hard-drawn steel wire IS 2589:1975 involves a series of tests to verify that the wire meets the specified requirements. This article discusses the IS 2589:1975 mark for […]

How to Apply for Modification of FSSAI License?

FSSAI stands for the Food Safety and Standard Authority of India (FSSAI). In an latest official notification issued by the authorities of Food Safety and Standard Authority of India (FSSAI), in last year of May for the modification of licenses due to the shift of their website system from Food License and Registration System (FLRS) […]

What’s The Eligibility Criteria For Becoming A Shareholder In A Company?

As mentioned in the name, a shareholder is a company member with the right to hold shares and a beneficiary power to take the company’s decisions. If any natural person, or any individual or legal entity, invests in the company shares, it is eligible to become a shareholder in a company. To become a shareholder […]

Retrenchment Compensation as Per the Industrial Dispute Act, 1947

Retrenchment compensation is an important legal requirement for employers in India. Employers who fail to provide the appropriate notice and compensation can face legal action, including fines and penalties. For workers who have been retrenched, this compensation can provide a financial safety net during a period of unemployment and can help them to transition to […]

Director’s Report Format Sample under Companies Act, 2013

A director’s report is a formal document that provides an overview of a company’s performance, financial position, and other important aspects of its operations. It is prepared by the board of directors and presented to shareholders as part of the annual report. The Companies Act 2013 provides a specific format for the director’s report, which […]

What Can Be The Consequences Of Not Filing Annual Return On Time?

The consequences of not filing annual return can vary depending on the country and the type of organization involved. In many cases, failure to file an annual return can result in penalties, fines or can attract legal actions against the organization or its directors. In this article we shall about the consequences of not filing […]

An Overview on the Need of Establishing Separate Department for Medical Device Industry

The Association of Indian Medical Device Industry (AiMeD)[1] urged the Centre in a letter to change the name of the Department of Pharmaceuticals (DoP) to include medical devices as well or to have a separate department, emphasizing the need for a dedicated department that distinguishes between the pharmaceutical and medical devices segments of the industry. […]

A Detailed Understanding of the Nominee Consent Form for One Person Company

The nominee is an important position in an OPC as it is required by law that every OPC must have a nominee who will take over the company’s operations in the event of the owner’s death or incapacity. The nominee consent form, therefore, ensures that the person who will act as the nominee of the […]