Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. It has not only played crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. A nation we think can be built by participation and equitable distribution of wealth only.
Labour Laws – Compliance Checklist and Calendar under THE FACTORIES ACT, 1948, MINIMUM WAGES ACT 1940, PAYMENT OF WAGES ACT, 1936 and other Labour Laws
In order to strengthen the information sharing system among banks in respect of the borrowers enjoying credit facilities from multiple banks, the banks are required to obtain regular certification by a professional, preferably a Company Secretary, regarding compliance of various statutory prescriptions that are in vogue.
The Companies Act, 2013 provides exhaustive measures for the revival of companies and the Hon’ble NCLT is vested with powers to take all necessary measures for the revival of companies. Petitioner has to ensure that the grounds, facts and documents are adequate and proper before filing any such application or appeal for revival of Company.
How ease of doing business changed entire formalities and consolidated the process of formation of a company in India. There are a lot of changes, which has been noted post the enactment of the Companies Act, 2013. The Corporate Governance and ease of compliance has been the first priority of the government in all these days. When we analyze the incorporation procedure and formalities, we found it amazing and noticeable change in the sake of ease of e- compliance.
Welcome Initiative by merging the applications for the Permanent Account Number (PAN), Tax Account Number (TAN) along with incorporation process under the Ministry of Corporate Affairs (MCA). Further there is new online investor website providing support for investment queries and a single online portal- E Biz to access core services such as clearance, licenses, mandatory tax registrations, regulatory filing etc. There is also an online portal for labor related information
The definition of Contract is given under S.2 (h) of the Indian Contract Act, 1872 which provides ‘a contract is an agreement enforceable by law’. Whereas an agreement has been defined under S. 2 (e) as follows: every promise and every set of promises, forming consideration for each other. When a proposal is accepted it becomes a promise. Thus an agreement is an accepted proposal.
We all know the prime objective of the company and the Board is to focus on value creation for shareholders. But to have better corporate governance and to safeguard the interest of the company and all stakeholders including shareholders with renewed attention to statutory compliance
Contract management, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification and termination of contracts with various parties including customers, vendors, distributors, contractors, employees etc.
Mr. Uday Kotak, Chairman of the Committee with the team compiled and presented this report to the SEBI with their recommendation to ensure and strengthen corporate governance in India. In his letter to the SEBI he suggested that the “Custodian” model works on “Gandhian Principles”, and is relevant for both promoter managed as well as […]
