In this, the industry and the government are not running any face-to-face interaction.

Under the Reserve Bank of India, an NBFC license is required for the supervision of the NBFCs.

  NBFCs maintain forged partnerships that too include the government's ability to use their database, which further helps them in identifying the worthiness of any customer.

The Indian finance sector is rapidly revolutionizing.

Categories of NBFC Licenses in India There are eight types of NBFC licenses in India: Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI): NBFC-MFI is a non-deposit-taking company engaged in microfinance lending activities to small and marginalized sectors.

The Food Safety and Standards Authority of India (FSSAI) was established in 2011 to regulate and supervise food safety.

Once registered, the term of a patent in India is twenty years from the date of filing the patent application.

The private wealth market of India is expected to become the fourth largest private wealth market by 2028 and NBFCs can play an important role in achieving this growth through their diversified product options and more efficient management control.

This is generally a requirement to be filled while dealing with government and commercial offices as they need it to be certain about the financial standing of the individuals/entities.

As per the Indian law, trusts are registered under the Trust Act, 1882.

In India, the digital era is prevailing and the country’s new tax regime i.e.

The cuts have sent a powerful signal about the government intends to boost the economy and revive the sectors that have been most affected by the slowdown.

The Indian Patent office has provided an opportunity for registered trademark owners to make any corrections in the trademark certificate until 9th October 2019.

Passing-Off Of Trademark In India Passing-off action is described as one of the issues in establishing the trans-border reputation of the trademark which arises when an unregistered trademark is used by a person who is not the proprietor of the said trademark in relation to the goods or services How to protect the trans-border reputation of a trademark Section 27(2) of trademarks act, 1999 provides action for passing-off in order to protect the reputation of trademark:- Similarity of trademarks Deceptively passing of goods or services by the defendant which originally belongs to the plaintiff If the mark is likely to cause confusion among the public then also the action of passing-off will be instituted against the person.

Note:  Only tech companies as per SEBI will be able to issue DVR’s to the founders and promoters whose collective net worth doesn’t exceed 500 crores The Amendment The companies act and Companies (Share & Debentures) Rules were amended on August 16; where the government lifted the ceiling of DVR’s from 26% to 74% of the total paid-up share capital.

The government, in order to provide a support system to the Non-Banking Financial Companies, have rolled out a partial credit guarantee scheme.

Some of the business structures which is prevailing in India are as follows:- Sole Proprietorship A sole proprietorship is considered as one of the simplest forms of business.

The compounding businessmen will be taxed at the normal GST rate fixed by the government, under the reverse charge mechanism Circumstances for opting for composition scheme under GST The conditions for opting for composition scheme under GST are as follows: The businessperson opting for composition levy should be a registered person Turnover of a registered person in the preceding financial year should not exceed Rs 50 lakh.

Use of Impugned Mark The cases were filed by the TATA-SIA Airlines Ltd which was registered in India on 5th November 2013 and is a public limited company with over 5000 crores authorized capital.

Various measures that were issued by the government of India are now one of the reasons that brought India's thriving business and start-up environment to a standstill.

The Central government in the recent Rajya Sabha Session declared that Jammu and Kashmir would no longer have to witness Article 370 and Article 35(A).

According to the rules and regulations of the Food Safety and Standard Authority of India.

Government to disinvest in nonfinancial public sector undertakings.

As was seen in the case of Metro shoes which is a well-Known brand in Mumbai that filed a case against Reliance retail, Just dial and India Mart for the products which were being sold on their website that were highly similar to the Trademark ‘Metro’ under which they are selling footwear.

Nowadays the restaurant business is mushrooming in India drastically, with the increasing number of the restaurant the requirement of food license is also in demand.

Note: Applicants who want to delay the patent prosecution to establish an invention for commercial exploitation Implementing the Patent Prosecution Highway(PPH) in India Indian Patent Office in order to implement PPH and form a treaty with the Japan Patent Office has introduced draft rules so that they can introduce the patent prosecution highway in the patent filing and examination process.

FSSAI is an authority that governs and monitors the food business in India.

Directors of the Company An AGM can be called by the directors of the company and if at any time any director is not present in India, the director present and who is capable of acting and who can form a quorum shall be sufficient.

The application number, an indication of the goods or services, name of the applicant against which opposition is entered; If the opposition is filed on account of an existing trademark application or registered trademark, then the application or registration number of the earlier - mark should be mentioned.

MCA has made it necessary to file Form DPT-3 for all the companies registered in India except government companies before 22nd April 2019.

As per the current applicable corporate laws in India, the company board needs to have at least 30 % of their directors as independent directors.

The Indian Company Flash Electronics has sued the Royal Enfield makers in the US court for infringement of theirpatentthat was filed and granted by the USPTO.

All the companies are governed and controlled by MCA that has issued specific guidelines for the companies that were incorporated on or after 2nd November 2018.

India’s NPA ratio was more than any upcoming markets, and the markets such as energy, infrastructure, construction and mining had taken hit due to such weaknesses in the market.

  The Apex Court allowed the appeal of State Bank of India against the order of Delhi High Court which had held that the firm, Jah Developers Pvt.

The laws in India cast a duty upon the person making the investment to find out the truth about the company or its assets.

The government has also implemented the doubling of GST exemption limit to Rs 40 Lakh on 1st April 2019 which will benefit all the small and medium enterprises.

Earlier it was clearly stated in the notice published by MCA on 06.03.2019 that any company dealing with manufacturing or any such allied activities cannot be incorporated an LLP or can be converted I to LLP, as this sector of the company does not fall under the guidelines of Limited Liability Partnership This notice by MCA faced a huge amount of criticism from media and Institute of Company Secretaries of India (ICSI).

Different power companies buy these certificates from renewal energy exchanges to abide by the Government norms.

The consumer forum has just asked Bata to provide them for free to all customers, given that a carry bag is essential to the purchase of the product #ConsumerRightshttps://t.co/PIXxz1Wsgn — The Better India (@thebetterindia) April 16, 2019 The regulator of the Consumer Forum found Bata Company at fault and imposed a fine of Rs. 9000 for its deficiency in the services.

Polling for Elections has already started in few states of India which brings us closer to the counting day.

LLP is a worldwide recognised business entity registered with the ministry of corporate affairs and governed by the Limited Liability Partnership Act, 2008 which limits the liability of partners and provides flexibility of a partnership.

This introduction has brought various business registration under a single form itself, these services are a part of a government initiative to trim time on the registration under various commercial registrations.

Form MGT-7 is an electronic form introduced by the Ministry of Corporate Affairs for every registered company in India to file their annual returns to the ROC which in return saves the data electronically.

After incorporating a company in India, the next step is to register it legally.

The Securitisation company is registered under section 3 of the SARFESI act and is regulated as NBFC in India.

Procedure for Reduction of Share Capital The procedure of share capital reduction or Equity reduction is governed through section 66 of companies act and NCLT rules, 2016.

Hence, it can acquire, buy, and alienate, property in its name and remains unaffected by the death or removal of any of its member A subsidiary is allowed to have 100% Foreign Direct Investment (FDI) in many of the sectors through Company type business entity without taking any prior Government approval.

A foreign as any company or body corporate incorporated outside of India which— A part of its business is situated in India by itself or by an agent either physically or through electronic mode It is carrying out business activities in India in a different manner.

Role of RC-49 and SEBI Securities and Exchange Board of India (SEBI) also states several provisions related to the related parties.