Posts Tagged: business

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An exhaustive explanation on FORM MGT-14

When a company is planning to start up, the first step is to incorporate the business with the Registrar of Company (ROC). Companies incorporate themselves with the RoC because it is the body governing the companies and has to mandatorily keep information about companies. Therefore, every company has to notify ROC about the significant steps taken by the company by passing any resolutions at the Board meeting or by entering into an agreement.

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Importance of Retained Earnings

When you start a business, you eventually start gaining the profits. So, is the entire profit given back to the owner? NO. It is because company would love to invest profit to the business again for future operations. Retained earnings are the part of net profit after tax that company has retained by not distributing to the shareholders to realize certain debts or used as an investment for future expansion plans.

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LA OPALA RG Ltd. – Stock analysis

La Opala RG Ltd is an India-based pure-play tableware company promoted by Sushil Jhunjhunwala and Ajit Jhunjhunwala manufactures and markets Opal glass tableware and crystalware products in india and internationally, incorporated in the year 11-06-1987 and headquartered in Kolkata. The Company exports products to more than 40 countries. The company’s brand includes La Opala, Diva (Classique collection and ivory collection) and Solitaire.

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5 ways in which a student can build a good credit

In current times, as young students we all want to be financially independent. There are so many courses or activities that we wish to pursue, but gets limited by our financial constraints.

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How do banks make money off you?

Often, we see banks keeping our money safe and paying savings interest rate or a fixed deposit interest rate to all its customers. So, if the banks keep giving interest to everyone on the money deposited with them, then, how do you think these banks make money?

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10 top challenges in taking-up freelancing as a career

Of course, freelancing is very rewarding and comforting in every way. The comfort of home to work from and the freedom to work at the desired pace is forcing more and more people to turn themselves into freelancers. There is an ever-increasing demand for freelancers amounting to a significant increase in the workforce. But, as there is a flip side to every coin, so does freelancing comes with its own cost. Here, are a list of challenges that a freelancer faces in his freelancing career: 1. Hunting for a good client: The biggest problem in freelancing is to look for reliable well-paying clients. Though you would get multiple job openings on platforms like Naukri, Times, Monster, freelancer.com, upwork.com, etc., yet, it gets challenging to zero down on the right clients.

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All About Director Identification Number

DIN stands for director identification number; it is a unique number allotted by central government to any person intending to be a director or is an existing director of any company. It is an 8-digit unique identification, which has lifetime validity. Through DIN details of the director of company are maintained in database.

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Internal Audit

Internal audits are subjected to company’s internal controls which includes corporate governance and accounting processes. It operates and manages legal compliance along with efficient financial reporting and collection of data. It also helps in maintaining operational efficiency by identification of problems and reforming lapses before they get discovered and identified in conduction of external audit. It is a way which provides an opportunity for firms to undo their wrongs and work effectively. It essentially focuses on possible areas for reformation and how that can be strengthened. Also, adding value to firm’s governing mechanism.

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Ease of doing Business in India

India is ranked 100 among 190 economies in the ease of doing business according to the latest World Bank annual ratings. The major improvements such as resolving insolvency, paying taxes online, protecting minority investors and getting credit made India to jump to the 100th rank.

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Difference between MoU and Letter of Intent

Memorandum of understanding abbreviated as MOU and letter of intent as LOI, are two different terms but they somehow seem similar and people often get confused over it. This article tries to explain the difference between the two.

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Annual Mandatory Compliance for LLPs

LLP or Limited Liability Partnership is a body corporate which has its own legal identity. It has a common seal and perpetual succession. A minimum of two partners are required to form an LLP though there is no cap on the maximum number of partners that it can have.

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Registering a PVT LTD Company

Private Limited Company, the most mainstream lawful structure for perpetuating a business. It is simple to form an entity in India. For this one should simply enrol the directors who are the face of the company with the Ministry of Corporate Affairs (MCA). The name of the organization must be enlisted and present the organization incorporation documents that includes the Memorandum of Association and Articles of Association. A private limited company must have at least two individuals and a maximum of 200 individuals. The whole procedure of registration takes around 10 to 15 days.

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Startup Registration

After introducing the concept of Start-Up Scheme, the people around the country wants to know more about the benefits and profits which are offered by the scheme. This is one of the efficient steps taken by the Government of India to support the startups and business ventures which have new, creative and innovative ideas. Innovative ideas of the start-up always look forward to the proper infrastructure with great financial support to live in the competitive environment of the business.

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Reply to a Trademark Objection

After an application for trademark registration is made, it is examined by the trademark examiners. The examiners analyze all the aspect of the trademark application and thus makes sure that the application and the trademark aspired is up to the requirements and within the legal aspects, If the examiner found some issues in the application, they put these objections in the form of trademark examination report, which is uploaded in the official website of the trademark office.

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Reply to a Copyright Objection

Copyright is a right that is given to the inventor of the literary, dramatic, musical and artistic work, etc. To be registered, it is not essential that the copyrighted work should be published. An unpublished work can also be subject to registration as copyright.

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Copyright Objection

Copyright is a bundle of rights, including the right to reproduction, adaptation, and translation of the work that is vested by the law upon the creators of literary, dramatic, musical and artistic works and the producers of the cinematographic films and sound recordings.

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Sale of Patent Rights

The Duhaime’s law dictionary defines a Patent as an exclusive privilege granted to an inventor to make, use or sell an invention for a set number of years.

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Significant details of RERA

RERA (The Real Estate Regulation and Development Act, 2016) is India’s first Act to give real estate regulation and laws. The Parliament of India has passed the act last year i.e. 2016 and 1st May 2017 was given to Union Ministry of Housing and Urban Poverty Alleviation for the implementation of this Act. This Act formulates and notifies the rules to the regulate, directly or indirectly, for the proper functioning of the real estate sector. The basic motive of introducing RERA Act is to bring fair practices with the clarity to the buyers about their rights and interest and heavy penalties will be imposed on builders if they try to exercise unfair practice or infringe the buyer’s rights and interests.

An exhaustive explanation on FORM MGT-14

Importance of Retained Earnings

LA OPALA RG Ltd. – Stock analysis

5 ways in which a student can build a good credit

How do banks make money off you?

10 top challenges in taking-up freelancing as a career

All About Director Identification Number

Internal Audit

Ease of doing Business in India

Difference between MoU and Letter of Intent

Annual Mandatory Compliance for LLPs

Registering a PVT LTD Company

Startup Registration

Reply to a Trademark Objection

Reply to a Copyright Objection

Copyright Objection

Sale of Patent Rights

Significant details of RERA

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