Companies under Section 8 of The Companies Act,2013 Section 8 of the Companies Act, 2013 deals with the incorporation of companies to promote charitable objects such as commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, etc. Such companies have to apply their profit in promoting its objects and...
Continue readingProvisional Patent
In India, Intellectual property is protected in the form of patents. When a person registers a patent under the Indian Patent Act, 1970 After Obtaining a patent prevents other individuals or concerns from infringing into your invention. A patent may be obtained for a design or a process. According to Section 9 of the...
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The search report is related to a report based on some information and data of a particular search. It is used as a tool to examine the Company’s Records in the hands of stakeholders. Stakeholders are interested in the business activities of a company for personal advantage such as investment, loan repayment, etc. All...
Continue readingLOGO DESIGN
What is a logo? A logo is a graphic mark, images, texts, shapes, symbols, or a combination of these used to depict name, purpose, and to promote public identification and recognition. It helps in establishing an emotional connection with your audience, promotes brand loyalty, gives the audience a symbol that they can remember, helps to create a brand identity,...
Continue readingIndian Subsidiary Registration
A subsidiary (sub) is a business entity or corporation that is partially controlled or owned by another company, it may be termed as the parent, company, or holding company. Foreign companies have the interest to start their operations in India as it is one of the largest and fast-growing markets in the world. An...
Continue readingDIN Allotment
What is DIN? DIN (Director Identification Number) as the name spells it defines the identification of director. It is an 8 digit unique number that is allotted to a director, it helps in identifying a director as each unique code represents a director (whether existing or proposed). It holds all the information about the...
Continue readingGST on job work
Job work means processing or working on raw materials or semi-finished goods supplied by the principal producer to the job worker. This is to complete a part or whole of the process which results in the manufacture or finishing of an item or any other essential operation. For example, big shoe manufacturers send out...
Continue readingTDS Penalty
The duty of the person liable to deduct/collect tax at source: He shall obtain TAN Number and He shall deduct and collect the tax at the source at the applicable rate. He shall pay the tax deducted and collected by him to the credit of the Govt. and file the periodic TDS/TCS statements, i.e.,...
Continue readingRemoval of Director
A company may by passing an ordinary resolution remove a director before the expiry of the period of his office. A company can use Section 169 of the Companies Act 2013 for the removal of any director, so the members of the company have effective control over the directors by removing all such directors...
Continue readingCapital gain in case of compulsory acquisition of Capital Asset
Compulsory acquisition is the power of government to acquire private rights in the land without the willing consent of its owner in order to benefit society, compensation against such acquisition is provided to the assessee by the government. On the occurrence of such transactions capital gain is to be computed as per the provisions...
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