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The department for promotion of industry and internal trade was established in the year 1995 with an objective to promote and develop industrial activities. In 2018, DPIIT was assigned to deal with the matter relating to e-commerce, internal trade, welfare of the traders and their employees and start ups. Notwithstanding…

Introduction Where a company is formed and enrolled for a future task or to hold a resource or intellectual property and has no critical financial transaction, such company or an inactive company might make an application to the Registrar for acquiring a status of the Dormant Company. In this blog,…

There is a saying that 'Health is Wealth,' which means that when a person maintains good health, everything else falls into place. Understanding the importance of health and the services provided by the health service sector, the Central Government exempted health care services from the levy of GST, making health…

Design is an art which gives a visible form to the ideas of the mind or invention.  Thus, an Industrial design rights are defined as the part of the intellectual property rights which confers the rights of exclusivity to the visual designs of the objects. It guards the appearance, style,…

Copyright is a form of intellectual property that gives an exclusive right to the creator of literary, dramatic, musical work, computer program, artistic work, cinematography and sound recording for a certain time period. The creators of these works get copyright immediately after expressly making an expression and requires formal registration.…

The board of directors is the supreme authority in charge of a company's management and control. They have a fiduciary duty to the company and its shareholders, which means they are responsible for conducting the company's affairs in a way that ensures success and profitability while also enhancing the company's…

Introduction The repayment of money spent by a person is referred to as reimbursement of expenses. This frequently occurs in business transactions when a supplier incurs expenses on behalf of the recipient who is meant to incur the expenses. In most cases, tax is only applied to the profit margin,…

Planning avoids expensive court disputes later. Regardless of how good your relationship is with your partner while entering into a partnership, you should take into account a legally shaped partnership agreement. The article highlights all you need to know about the Partnership Agreement. Table of Contents- Partnership Agreement Features of the Partnership Agreement Prohibition Agreements…

The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have drafted and introduced the Regulations governing property projects. Developers now have to register their Housing Projects with the relevant Real Estate Regulatory Authority. The article highlights…

Under the RERA Act, promoters must to register their real estate project to sell, advertise, market, book or buy. The promoters must apply to the authorities for registration. In this article, we look at the RERA registration for a project. Table of Contents- Real estate project: Defined Who needs to…