What is a small finance bank? The concept of small finance banks came into existence only recently. The first small finance bank (SFB) of India, Capital Small Finance Bank, started operating in 2016. An SFB is meant to increase financial inclusion in the country....
RERA Registration What is RERA Act.? RERA stands for Real Estate Regulatory Authority came into existence as per the Real Estate (Regulation and Development) Act, 2016 which aims to protect the home purchasers and also boosts the real estate investments. The bill of...
MINISTRY OF MICRO, SMALL MEDIUM ENTERPRISES (MSME)- MSME Registration/Udyam Registration What is MSME.? An Enterprise shall be classified as a micro, small or medium enterprise o n the basis of the following criteria, namely a micro enterprise, where the investment in...
Legal Metrology Registration "Legal Metrology" means that part of metrology which treats units of weighment and measurement, methods of weighment and measurement and weighing and measuring instruments, in relation to the mandatory technical and legal requirements...
Registration of Charitable Trust Overview of Trust registration Trust registration is a process of legalizing the trust deed (a legal contract between the settlor and Trustee) from the registrar of the respective jurisdiction. The Trust serves as a legal medium liable...
Start Up Registration “Start-ups are the engines of exponential growth, manifesting the power of innovation. Several big Companies today are start-ups of yesterday. They are born with a spirit of enterprises and adventure kept alive due to hard work and preservance...
SOCIETY REGISTRATION PROCESS Societies Act, 1860 A society is an association of persons united together by mutual consent to deliberate, determine and act jointly for some common purpose. Societies are usually registered for promotion of charitable activities like...
Section 8 Company The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. Section 8...
IMPORT AND EXPORT REGISTRATION CODE What is Import and Export Code.? The Importer -Exporter Code (IEC) is a key business identification number which is mandatory for Exports or Imports. No person shall make any import or export except under an IEC Number granted by...
FCRA Registration Every Charitable Trusts, Societies, Section 8 Company that receive foreign contribution or donation from foreign sources are required to obtain registration under Section 6(1) of Foreign Contribution Regulation Act, 2010. Such a registration under...
80G and 12A Registration Overview 80G Registration An 80G Certificate is issued by income tax department to trusts, societies, section 8 companies. The 80G Certificate is granted to encourage the donors to donate funds into such non- profit organizations, the donor...
Alteration of object clause in MOA under Companies Act, 2013 Introduction Memorandum is a Main Document of the Company which Provide the details about the company like its Name clause, Registered office clause, Liability clause and Object clause for Which it Has Been...
To Increase Authorised capital of the company Introduction Authorised capital means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company. The company can expand its business to the level of the...
ESTABLISHMENT OF BRANCH OFFICE IN INDIA BY FOREIGN ENTITIES Now India is most favoured country for Business, any company which is incorporated outside India and establishes a place of business in India will be termed as Foreign Company under the provision of Companies...
Agmark registration Introduction: AGMARK is a certification mark for agricultural produce, assuring that they conform to a grade standard notified by Directorate of Marketing & Inspection (DMI), Department of Agriculture, Cooperation and Farmers Welfare, Ministry...
EPF Registration The Employees’ Provident Fund and Miscellaneous Provisions Act 1952 applies to the Factories engaged in Industries specified in Schedule I of the Act or to other establishments notified and engaging 20 or more employees. To facilitate easy compliance...
DRUG LICENCE REGISTRATION That Drugs Control Department regulates manufacture and sale of drugs, excluding the Ayurvedic and Unani medicines under the provisions of the Drugs and Cosmetics Act, 1940 and Rules made there under. The Department also enforces the Drugs...
Winding up of the Company Winding up of the Company is a legal mechanism of permanently shutting down a company. It is a process by which the Company's corporate existence comes to an end post which the Company goes in for dissolution under the surveillance of a...
EATING HOUSE LICENECE Eating house refers to a place that provides dine-in and beverages related services to the masses. Legalities around the license are mentioned under the Delhi Police Act. No entity can involve with the Eating house business without this license....
Fire Department NOC of Delhi The capital of India with its ever-increasing population in far-flung colonies & crowded localities and unplanned growth has always been a city with heavy fire risk. The risk has now been further increased with the expansion of...
Health Trade License INTRODUCTION As per provisions under DMC Act, 1957, Public Health Department of Delhi Municipal Corporation grants health trade licenses (HTL) under section 417, 420, 421 & 422 of DMC Act, 1957 to the trades affecting directly or indirectly...
Registering a Liaison Office in India Liaison office is an office set up by foreign entity (Parent Company) in India which acts as a channel of communication between the principal place of business or Head Office of the foreign entity (Parent Company). which does not...
Revival of Struck off companies Introduction: On the determination of a company as a Struck off company by the Tribunal under section 253, any member, secured creditor or workman of that company or the company may make an application to the Tribunal for the...
CHANGE IN REGISTERED OFFICE OF THE COMPANY A Registered office or the company shall, on and from the fifteenth day of its incorporation and at all times thereafter, have a registered office capable of receiving and acknowledging all communications and notices as may...
Charge creation, modification and satisfaction Charge: ― Section 2(16) of the Companies Act, 2013,defines the term Charge means an interest or lien created on the property or assets of a company or any of its undertakings or both as security and includes a mortgage;...
Shop & Establishment Registration: If you have a Shop and Establishment License is mandatory for you. Shops & Establishments registration may be defined as obtaining a certificate or license issued to business, professions, and any trade registered under the...
FSSAI License “Food” means any substance, whether processed, partially processed or unprocessed, which is intended for human consumption and includes primary food to the extent defined in clause (zk), genetically modified or...
STAMP DUTY ON SHARES IN NCT OF DELHI State Governments levy and collect stamp duty on issue of Share Certificates which fall within the sphere of State Legislature by virtue of the powers given to the State Governments through our Constitution (Entry 63 in the State...
