Articles

  What are Micro, Small & Medium Enterprises? Micro, Small & Medium Enterprises often abbreviated as MSME, are small-sized business enterprises defined in terms of their investment. According to the provisions of Micro, Small & Medium Enterprises Development  (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified into two classes. Manufacturing Enterprises […]

Introduction: Compliances are a set of rules and requirements dictated by legislation that are compulsory to adhere to. Ignorance of the law is not an excuse. Failure to adhere to legislation can become a costly exercise that can normally be avoided. The responsibility for compliance of the regulations under various statutes is with the directors,

Corporate Social Responsibility (CSR) is organisation’s performance against economic, social and environmental parameters. The theory behind CSR is that companies can be profitable while at the same time minimize their negative impact on the stakeholders. Many studies were conducted to understand whether ethics pay and found a positive correlation between better financial performance and better

Introduction Foreign Direct Investment (“FDI”) is permitted in all sectors except for those contained in the prohibited list including atomic energy, betting and gambling, lottery business etc. It may or may not require prior regulatory approval depending on the government policy in the relevant sector in which investment is proposed to be made. Proposals, where

“All created things are impermanent. Strive on with diligence”.  These are the last words of Buddha before his death.  Perhaps it is more true in relation to the volatile conditions in the journey of pre-registration to post-registration of Trade Mark of your goods or services! A Trade Mark registered for once, doesn’t mean, your trade

Introduction Prior to the amendment of the Companies Act, 1956, buyback of securities in India was prohibited. Section 77 of the Act, imposed a blanket ban on companies from buying their own securities. The concept of buy-back of securities was introduced in the Companies Act, 1956 by the Companies (Amendment) Act, 1999 by the insertion

We all are aware that a Company being an artificial person does not have a physical presence. Therefore, it acts through its Board of Directors for carrying out its activities and entering into various agreements. But what is the authenticity that Board of Directors is acting on behalf of the Company. Here, comes the role of “Common

Section 274 of the Companies provides for disqualification a person to act a Director of a Company. It provides that “a person shall not be capable of being appointed director of a company, if a)     he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in

Old V/s.NewThe Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 447(E) dated 28th February, 2011 have revised Schedule VI of the Companies Act, 1956 (The Act) which provides the instructions for the preparation of the Balance Sheet and Statement of the Profit & Loss of the Company. The purpose for revising the reporting format

Ministry of Corporate Affairs has recently issued various notifications/circulars relating to Cost Audits. Ministry of Corporate Affairs has notified the Companies (Cost Audit Report) Rules, 2011 (Rules) vide Notification No. GSR 430(E), dated 3-6-2011, which supercede the Cost Audit (Report) Rules, 2001. In this regard, we would like to provide a bird’s eye view of