Obtaining a BAR Code is not the compulsion on the Business Houses, but having a Bar Code of the products gives the additional advantages to the holder than those having no bar codes.
Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government in such form and manner and along with such fees as may be prescribed. (Section 153 of Companies Act, 2013)
CS Mohit Saluja With the enactment of Companies Act, 2013 w.e.f. April 1, 2014, a new concept called “ONE PERSON COMPANY (OPC)” also came into existence. The legislature were of the view that OPC shall have an edge over the other companies in relation to the benefits being earned w.r.t. holding of Board Meetings/ General […]
For the better life of a human being, the good food is the one of the key factor which provides the proper quantity of vitamins, carbohydrate and other nutrients to a person. Hence, the Government keeps an eye over such traders/ manufactures/ venders who deal in any type of food items. For this Government passes the various laws, rules, regulations from time to time.
As the month of March is on its end, most of the companies which have taken loan earlier under the companies act 1956 and have filed DPT-4 in this Financial year declaring that the companies has such and such amount of deposits as on 31.03.2014, are now required to repay such loan on or before March 31, 2015 under Section 74(1)(b)
The appointment of independent director shall be approved by the company in general meeting as provided in sub-section (2) of section 152 and the explanatory statement annexed to the notice of the general meeting called to consider the said appointment shall indicate the justification for choosing the appointee for appointment as independent director.
REGISTRATION PROCESS UNDER PUNJAB SHOP AND ESTABLISHMENT ACT, 1958 – 1. Within the period specified, in sub-section (3), the employer of every establishment shall send to the prescribed authority concerned a statement in the prescribed Forms i.e. Form A, Form B, and Form F (as per their requirements) along with the required documents.
The Ministry of Corporate Affairs (MCA) has notified vide Section 149 (3) which effective April 1, 2014, every company must have at least one resident director. Resident Director: Resident Director As per Section 149 (3) is the one who has stayed in India for a total period of 182 days in the previous calendar year.
CS Mohit Saluja Ministry of Corporate Affairs has recently released Chapter XIII- The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The rules are different from draft rules given for comments in respect of appointment of Key Managerial Personnel (KMP) and Secretarial Audit limit. Kill two birds with one stone or say “Ek teer se […]
I am writing this article on approval of DIN after two years of notification by MCA regarding approval of DIN by Professionals. I am not against the process of MCA to simplify the incorporation procedure as these simplified procedures are assisting us to cope up with the developing world and I know that we should accept simplified procedures instead of criticizing it.
