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In order to reduce the compliance burden on the corporate sector, the Ministry of Corporate Affairs (MCA) has announced that the companies whose financial year has ended in December 2019, would be allowed to hold their first Annual General Meeting (AGMs) within the first nine months of their current fiscal or…

Once the name of the Company is registered then it cannot be removed from the Register unless it is dissolved by the process of law, either as a result of its winding up or upon its amalgamation with another Striking off Company. However, in case the Company is a Defunct Company,…

Employment Agreement is a formal signed agreement between an employer and an employee. It figures out the rights and obligations of both the parties which are involved. A contract of employment may be a reasonable contract employed in labor law to trait rights and duties between parties. The contract is…

The Companies Act, 2013 Act been developed with a view to enhance self regulation, improve corporate governance norms and raise the level of transparency with a significant objective to protect interest of shareholder or Investors. Therefore, Act brought landmark legislation which is known as Related Party Transaction to diminish its…

Auditors resigning from any company before their term ends is a very serious issue. In most cases, auditors are resigning invariably due to concerns over the integrity of the management.There has been significantly rise in the number of cases of untimely resignation of statutory auditors from listed companies. In recent…

A society is an aggregate of different types of people connected to each other with the rope of same cultural expectations and geographical territories. A society thrives on continuous development and better opportunities. For a society to function better, certain rules and regulations are formulated by the law. The main…

According to Companies Act, 2013 a Nidhi company is registered as a non banking finance Sector Company to provide benefit to its members. The main purpose of Nidhi Company is to borrow and lend money between its members. A Nidhi registered company can also be called as a Mutual fund…

A charge is a right created by any person which may also include a business entity or a company which are referred to as “the borrower”. Such charge can be on assets and properties, present and future, in favour of a financial institution or a bank, who are referred to…

Every entity doing corporate business requires Independent Examination of financial Information to maintain financial stability and verification of its accounts and records, compliances and other appropriate laws applicable to the company. Therefore, it performs audit in periodical basis depending upon the nature of the audit by an Independent Professional. This…

A trademark is a discernible symbol that aims to differentiate between different commercial articles like goods and services, legitimately. It is also used for the identification of origin and advertisement of various kinds of articles of commerce. A trademark could be conventional like signature, numeral, device, pictures or it could…