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In recent years, the concept of Independent Directors has gained significant importance in the corporate world. Independent Directors are individuals who are not associated with the company as employees or stakeholders but are appointed to serve on the board of directors to provide an unbiased and objective perspective. In this…

The Companies Act, 2013 is the governing law for companies incorporated in India. It lays down the rules and regulations that companies need to follow while conducting their operations. One of the important provisions of the Companies Act, 2013 is the power to reopen accounts. The power to reopen accounts…

Micro, Small, and Medium Enterprises (MSMEs) are crucial for the economic growth of India as they contribute significantly to the country's GDP and employment generation. According to the Ministry of MSME, there are around 63.4 million MSMEs in India that employ more than 111 million people. However, these enterprises face…

Food safety is a crucial aspect of public health and requires strict adherence to regulations and guidelines. In India, the Food Safety and Standards Authority of India (FSSAI) is responsible for ensuring the safety and quality of food products. If you are a food business operator in Sikar, Rajasthan, you…

Members of self-governing professions are required to assume legal and ethical responsibility for their work, as well as to prioritize the public and societal interests. One of the most significant components of the profession is keeping stringent ethical and moral convictions while sticking to high standards of behavior. The Company…

The Companies Act, 2013 is a comprehensive legislation that regulates the functioning of companies in India. One of the significant requirements of the Act is conducting an Annual General Meeting (AGM) by companies. The Annual General Meeting (AGM) is an important event for every company as it provides an opportunity…

MSMEs or Micro, Small, and Medium Enterprises play a significant role in the growth and development of the Indian economy. The MSME sector has emerged as the backbone of the Indian economy, providing employment opportunities to a significant portion of the population. The Government of India and various state governments…

Aspiring entrepreneurs who want to register a company in India must obtain a Director Identification Number (DIN) before they can start the registration process. A DIN is a unique identification number allotted by the Ministry of Corporate Affairs (MCA) to individuals who want to become directors or already serve as…

Non-Banking Financial Companies (NBFCs) are financial institutions that offer banking services without a banking license. NBFCs are subject to regulatory scrutiny by the Reserve Bank of India (RBI) and other financial regulatory authorities. One of the key regulatory requirements for NBFCs is to conduct internal and statutory audits. In this…

National Financial Reporting Authority (NFRA) was constituted by the Government of India in 2018 under the Companies Act, 2013. NFRA is an independent regulatory body responsible for overseeing the quality of financial reporting and auditing of listed companies in India. The establishment of NFRA was a significant step towards ensuring…