The old Companies Rules 2014 wanted all the companies to prepare and file an annual return which contains information that pertains to the company at the end of every financial year.
It is mandatory for all private limited, one person or limited companies to maintain a book of accounts as per the norms of Companies Act and the accounts are to be audited.
No, it is not always necessary that the party which files the lawsuit is on the right side because there may be cases where a company registers a name but does not use it for a long period of time.
Intentional/ Unintentional use of phrases /taglines/insignias In order to steal a company of its reputation perceptive use of phrases/lines or at least parts of it are done.