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Issue and Purchase of Shares by NRIs & Foreigners


Issue and purchase of shares by NRIs and foreign nationals is a common activity nowadays. With a lot of investment and growth in Indian companies, it has attracted a tremendous amount of people and businesses all over the world to invest through the purch

22 Nov 2021 by Riya Aggarwal

Tax Audit: Concept and Applicability


Section 44AB of the Income Tax Act, 1961 (“Act”) lays down the concept of Tax Audit and its scope of applicability on certain classes of taxpayers, i.e., businesses and professionals.

31 Dec 2021 by Tarun Agarwal

Independent Directors: Appointment, Ownership and Roles


They are non-executive directors who do not have any personal relationship with the company and must have relevant experience and expertise. In a public company, at least one-third of the total number of directors are Independent Directors.

11 Mar 2019 by Jaskirat Kohli

Amendment and Specification of Patent Application


The Patents Act, 1970 provides for amendment of a patent application or a complete specification or any other related documents either before grant of the patent or after the patent is granted.

18 Dec 2021 by Vibha Oswal

Personified Features of One Person Company


An OPC is considered as a fusion of Sole Proprietorship and Private Limited Company. Similarly in the formation of Sole Proprietorship, the OPC requires only one Director to form such company.

03 Apr 2017 by Sujith kartha

Patent (Amendment) Rules, 2021


The Patent (Amendment) Rules 2021 recognized the role of educational institutions in the field of innovation. Therefore, the innovations require the protection of patent registration, which is offered at a reduced fee. Also, some new bodies are included t

01 Nov 2021 by Rashmita Das

Payroll compliances in India


Payroll and establishment compliance in India directs to the legal framework that the companies must comply with concerning the treatment of their employees. The companies dealing with payroll compliances must be well-versed with several labour laws or ru

04 Feb 2022 by Rashmita Das

Remuneration of Directors


‘Remuneration’ is a way of compensating a person for services rendered to a company. Section 2(78) of the Companies Act, 2013 provides that “remuneration” is any money or equivalent given to any person for services provided by him.

13 Jan 2022 by Bhawna Arora

Director Rights in a Company


Directors Rights in a company means any individual who obtains the position of Director and needs to be identified in the Company agreement according to Section 2(13) of the Companies Act, 1956

10 May 2016 by Titly Chatterjee

Limited Liability Partnership (LLP) vs Private Limited


The key difference between Limited Liability and Private Limited is the tax exemptions and compliance requirement. LLP cannot be converted into any other form of company however; private limited can be converted into Public, One Person Company and LLP.

06 Apr 2017 by Tanya Sharma