A Section 8 company, as defined under the Companies Act, 2013, is an organisation that primarily intends to promote charitable causes, social welfare, art, science, education, research, religion, or other philanthropic objectives.
Businesses and people engaged in import and export activity in India must have an IEC code. It is a prerequisite for registration and serves as the primary form of identification for customs officials when passing goods through customs ports.
The Chief Justice of India (CJI) D.Y. Chandrachud launched the electronic Supreme Court Reports (e-SCR) project on January 2, which provided free access to approximately 34,000 Apex Court judgments for lawyers, law students, and the general public.
When people face issues with products or services they bought, complaining is a crucial step to find a solution. Complaints ensure that companies are responsible for their actions.
One of the typical challenges of due diligence is dealing with incomplete information. This could be due to improper record-keeping or a lack of access to the necessary data. Businesses need to be prepared to make decisions based on limited information while also being alert to the possibility of intentional obfuscation by the other party.
The Shops and Establishments Act 1961 is a piece of legislation enacted by the Indian government to regulate the working conditions of commercial establishments, including shops, hotels, theatres, and other establishments. The act sets out the rules and regulations governing the working hours, wages, and other working conditions of employees working in these establishments.
FSSAI is instructing its food safety officers to urge schools to register for the ‘Eat Right Campus’ program. This will allow them to monitor whether schools follow proper hygiene and quality standards while preparing meals.
Compliance with regulatory requirements is essential in maintaining data privacy in accounting practices. Accounting professionals must stay informed about these requirements and ensure they comply.
The HSN system was introduced to standardize the classification of goods and services in India. HSN codes are used to determine the rate of tax applicable to a product or service. It is important to note that different HSN codes attract different rates of tax.
Trademark search is an essential step in the process of trademark registration in India. It involves conducting a thorough search of existing trademarks to ensure that the proposed trademark is not already in use or similar to an existing trademark.
Partnerships can be registered or unregistered. If a partnership firm is registered, it becomes a legal entity and can apply for a Tax Deduction and Collection Account Number (TAN) just like any other business entity.
Partnership agreements show the rules for how the partners will run the business, setting clear expectations for all parties involved. All the required clauses have to be written in the agreement to avoid issues in the future
