A solvency certificate is mainly required for the following purposes: Applying and procuring tenders Obtaining government and private contracts Visa applications and interviews Legal & court matters Solvency certificate proves the financial strength to the person or entity producing it.
The article discusses various provisions affecting cancellation of GST registration, persons who can apply for cancellation, probable reasons for cancellation and the procedure thereon.
The finance minister has introduced a big tax cut for corporates to boost the current sluggish economy and special lower tax rates for manufacturing companies that are one of the great contributors of GDP.
So in order to prevent such kind of infringement the concept of trans-border reputation is incorporated under Section 35 of Trademarks Act, 1999 which helps in preventing the applicant from the other country to register the identical or similar trademark of an existing company in their own name which is likely to cause confusion among the public at large.
The advertisement of the trademark application is only done when the examiner is satisfied that the trademark completes all the conditions laid down under trademark law.
understanding Differential Voting Rights As per the companies act 2013, every shareholder of a company has the right to vote on any resolution that is presented before the company.
The scheme is a one-time partial scheme and will be available for the companies till the 6-month period of time or till the government or banks exhaust 1 lakh crore.
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.
For carrying the food business, FSSAI license shall be mandatorily obtained, and it is equally important to renew the FSSAI license after the expiry of time limit to carry on their business without any legal obstacle, complying with the rules and regulations of FSSAI.
Followings are the implication of Union Budget 2019-20 on the Indian Companies – The minimum level of public shareholding in the listed companies raised from the current threshold of 25% to 35% level.
On the other hand in case of preparation of food in an unhygienic manner and the consumption of same by the consumers can lead to prone to various diseases and infection and can also lead to a case of negligence on the restaurant or the owner.
PPH is a framework in which an application determined to be patentable in one office can have express examination process when a corresponding application is made with the other offices.
Any person or an entity proposing to start a food business in India is required to obtain a food license or shall seek registration from the Food Safety and Standard Authority of India (FSSAI).
Basics of Extraordinary General Meeting Shareholders of the company meet only when annual general meeting (AGM) is conducted based on a notice that is published and provided to the members involved.
The trademark opposition can be filed by “any person” who can be a customer, a purchaser, a seller, competitor, or member of the public who is likely to use the goods.
Grounds For Trademark Application Rejection Non-Distinctive Character The mark which lacks any distinctive character, that is to say, the mark which is not being able to distinguish the goods or services of one person from another person.
As per the above explanation, it is clear that other than government companies every other company have to file a return of outstanding receipt of money or loan as that is outstanding on 31st March 2019 Types of Companies that are required to file form DPT-3 Private Companies Public Companies Small Companies One Person Companies Section 8 Companies Dormant Companies NOTE: NBFC companies need not file form DPT-3 with MCA as rules are not applicable to them.
Due diligence is the process through which any prospective buyer of a company can check the financials, contracts and customers of the company to gather in any of the pertinent information regarding the company they want to invest in.
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.
Adjudicating Authority National Company Law Tribunal (NCLT) will carry on the resolution proceeding for the companies, whereas Debt Recovery Tribunal (DRT) for individuals.
The Ministry of Corporate Affairs (MCA) has amended the rules pertaining to company incorporation for achieving clarity and uniformity while the applicant files for approval of the names of their company.
To make out a case of theft under IPC Section 378 following things are required – Wrongful Gain Take away movable property Dishonest Intention Wrongful Loss The company (Birla Corporation) filed a criminal complaint against Adventz Investments claiming that the commission of offences are punishable under Sections 379, 403 IPC read with Section 120-B IPC.
A bench including Justices Vineet Saran and R F Nariman had a question that whether a person should be represented by a lawyer in the process of declaring him ‘wilful defaulter ‘ under a notice issued by the Reserve Bank of India.
The complaint was filed by a person named Rohit Sharma before the District Forum that the mobile operator company, Airtel had illegally deducted Rs. 200 from his main account.
Vivek Anasane, the owner of an Indian beverage company had filed for a trademark named Glenfield with the UK Intellectual Property Office which was opposed by Glenfiddich, a 130-year-old scotch whiskey manufacturing company.
As per the McKinsey Global Survey on the Merger and Acquisition practices and capabilities the company management regularly report that the companies involved, regularly examine the portfolio of the target companies that show them whether it is worth investing or not.
Goods and Service Tax is a unified tax system which is levied on different goods and services and all the companies who have a turnover of more than Rs 20 Lakh needs to register for GST.
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).
The complaint was filed by a resident of Chandigarh, Dinesh Prasad Raturi, who purchased a pair of shoes on 5th Feb 2019 in a store located in Sector 22 D.
With people expecting a productive government, Instamojo, one of the leading payment solutions company for small businesses have also contributed their bit to make 2019 elections a platform for the MSME sector.
The business registration to be provided along with the company registration are: Goods and Service Tax Identification Number (GSTIN) Employees Provident Organization (EPFO) Employee State Insurance Corporation (ESIC) Applicability of E-form INC-35 Applicability of INC-35 or e-form AGILE is for companies that are to be registered after 29 march with Ministry of Corporate Affairs.