Posts Tagged: business

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Impact of IL&FS crisis on Indian Economy

It was dark September for India’s financial market when debt repayment defaults by Mumbai-headquartered Infrastructure Leasing & Financial Services Limited (IL&FS) on inter-corporate deposits and commercial papers worth Rs 4.5 billion came into light. There was a fear that all housing finance companies would get resultant liquidity crunch effect and Lehman Brothers- like condition will come back.

Legal

How to Amend a Trademark Application

A trademark application, once submitted, can be subjected to specific changes to correct some information that had been provided by the applicant at the time of submission. The correction or an amendment to the application may be necessary for various reasons like incorrect entry or inaccurate filing of the trademark application. The Trade Marks Act 1999 and Rules 2002 authorize rectification of any error in the application made for a trademark. A wrongly registered mark or a mark wrongly remaining on the register may also be rectified under the Trade Marks Act.

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Can Airtel Broadband resist JioFiber?

Have you ever felt that you have been an average student or an average employee at work or just an average person all through life? If yes, then I'm sure a topper seems threatening to you. But, the truth is that a topper can only replace another topper and marginally affect the status of an average student. I have always observed this and have been an average student in school.

Legal

What are the principles on which WTO Functions?

Everybody knows WTO as that body which governs the global trade. Though it might not be because it regulates international trade only between the member states. Since there are 160 members and 95% of the world trade, it is more or less accurate that WTO is the regulator of international trade.

Legal

Benefits of Startup Registration

As the governments of the day have started to recognize the importance of entrepreneurs and the businesses and intent to actively support them, we are now entering an era of innovations. As the Indian government is coming forth with multiple initiatives, the environment for starting up is growing warmer each day. It is only smart to stay updated about the government policies and plan accordingly.

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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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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.

Legal

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.

Impact of IL&FS crisis on Indian Economy

How to Amend a Trademark Application

Can Airtel Broadband resist JioFiber?

What are the principles on which WTO Functions?

Benefits of Startup Registration

An exhaustive explanation on FORM MGT-14

Importance of Retained Earnings

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

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