DEFINITIONS: Company Secretary or CS is defined under section 2(24) of the Companies Act, means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980, who is appointed by a company to perform the functions of a company secretary under this Act. As per Company Secretary Act, “Company Secretary” means a person who is a me......

Background Since when the Current Central Government Came into power, two things were discussed very frequently which were 1) Labour Reforms and 2) Ease of Doing Business and both these things are some where interrelated, as from time to time if you bring reforms in labour laws the ease of doing business will itself boost and jump upwards. In India, the labour acts would fall under concurren......

Circulars of MCA discussed hereunder: 14/2020 dated 8th April, 2020: Clarification on Passing of OR or SR. 17/2020 dated 13th April 2020 : Manner of Notice to be issued for EGM. 18/2020 dated 21st April 2020 : Allowing for conduct an AGM of Companies whose financial year ended on 31st December, 2019.20/2020 dated 05th May 2020 : Clarification of Holding AGM by other companies through VC or OAVM. ......

What is Copyright Infringement? Copyright infringement refers to the unauthorized use of someone’s copyrighted work. Thus, it is the use of someone’s copyrighted work without permission thereby infringing certain rights of the copyright holder, such as the right to reproduce, distribute, display or perform the protected work. A copyright is infringed only whe......

Most of the Trademark applicant’s end up losing their money, spent on trademark application and professional fee. They also tend to lose something more important than money i.e. their Precious time and Hope. A normal process of a Trademark registration approximately lies between one month to two years. Filing of a Trademark application without taking some precautions will surely make you sp......

WHAT DO YOU UNDERSTAND BY A DORMANT COMPANY? In Lay-Man’s Language, it means to put a company into a Deep Sleep. Which also means that, after obtaining the status of Dormant or Inactive Company, the company is not required to comply with that heavy burden of compliances and it will reduce to the minimum. Along with it, post obtaining “Inactive Status”, the company will still be......

WHAT DO YOU UNDERSTAND FROM TERM “LEGAL METROLOGY”? Legal Metrology is the application of legal requirements to measurements and measuring instruments. The objective of Legal Metrology is to ensure public guarantee from the point of view of security and accuracy of the weighments and measurements. Constitutional provisions related with Weights and Measures are: * Establishment ......

WHAT IS NFRA? The National Financial Reporting Authority (NFRA) is a body constituted under the provisions of Section 132 of the Companies Act, 2013. The constitution of this authority is effective from 1st October 2018. NFRA is a body proposed for the establishment and enforcement of accounting and auditing standards and oversight of the work of auditors. ENTITIES TO BE GOVERNED BY T......

GeM(GOVERNMENT E-MARKETPLACE) The Government e Marketplace (GeM) platform was launched on 9th August, 2016 as an online, end to end solution for procurement of commonly used goods and services for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs) and affiliated bodies. It aims to enhance transparency, efficiency and speed in public procurement of goo......

DECLARATION IN RESPECT OF BENEFICIAL INTEREST IN ANY SHARE The Ministry of Corporate Affairs vide its notification dated June 13, 2018 introduced the Companies (Significant Beneficial Owners) Rules, 2018 with the intention of identification of Significant Beneficial Owners or the ultimate beneficial owner who is exercising any indirect right or holding any indirect shareholding in the reporting c......

“BEHIND THE CORPORATE VEIL IS A BITTER TRUTH”   Ministry of Corporate Affairs “MCA”, yet again came with the latest amendment, by amending the Companies (Incorporation) Rules, 2014, on December 21, 2019, to curb on the proliferation of shell companies in the nation. Earlier, in mid 2018, MCA came out with the concept of Director’s KYC wherein all the Directors......