In India, adherence to food safety standards is overseen by the Food Safety and Standards Authority of India (FSSAI), a governmental regulatory body. Obtaining FSSAI registration or license is mandatory for all food business operators (FBOs) to ensure compliance with safety and hygiene practices....
In the realm of corporate governance, the selection of a Managing Director holds paramount importance. This executive assumes the reins of managerial authority within a company, dictating its strategic direction and overseeing its day-to-day operations. The appointment process is governed by specific regulations, notably outlined...
In the realm of company law, understanding the registration of charges is paramount. A charge, as per the Companies Act, constitutes an interest or lien established on a company's property or assets, serving as security for various transactions. This includes mortgages as well. The Companies...
In the realm of financial transactions, the transfer of shares carries legal obligations, particularly concerning the payment of stamp duty. Defined under the Indian Stamp Act, 1899, stamp duty is a levy imposed by the Central Government on various instruments, including those involved in share...
In accordance with the Companies Act of 2013, a director, as defined in Section 2(34), refers to an individual appointed to the board of a company. Their role entails executing the company's duties and functions within the framework outlined by the Act....
In the realm of business, trademarks play a pivotal role, offering exclusive rights to employ specific shapes, symbols, and colors on goods associated with a particular enterprise. The process of securing a trademark necessitates meticulous planning and execution, especially in India, where approval from the...
In the realm of corporate finance, comprehending the disparity between authorized capital and paid-up share capital is essential. When companies opt to raise funds through share issuance, they delineate their capital structure in financial statements, which often includes these two terms. While confusion may arise...
In contemporary corporate governance, Secretarial Audit emerges as a crucial mechanism for evaluating compliance with a spectrum of legislative frameworks, including the Companies Act and related economic laws. This audit entails an independent evaluation by a certified professional, typically a member of the Institute of...
Ever pondered upon how companies utilize their accumulated profits or respond when their share prices surge? Frequently, they opt to distribute bonus shares to existing shareholders based on their current shareholdings. These bonus shares are extra shares provided by a company to its current shareholders...
Companies rely on various financial mechanisms to sustain their operations successfully. Shareholders, as stakeholders, play a pivotal role in providing funds for the company's activities. In return, they expect a share of the company's profits, known as dividends. Shareholders, being the owners of the company,...
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