Company Registration

How Non Resident Indian(NRI) can set up a business in India?

Non-Resident Indian: An Indian citizen who stays abroad for carrying the business or for employment or stays abroad under some circumstances indicating an intention for the uncertainty duration of stay is a non-resident. The status of the person about the residence is purely depends on the duration of stay in India. This would be calculated on the number of days for each financial year which begins from 1st of April to 31st March. Under section 6 of the income tax…

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Skill requirements for a company director- Company Registration

The skill requirements of a company director gonna be discussed here very precisely. Look into this article to get a clear view point regarding the requirements of a company director. In spite of a spate of debates over the rights and obligations of a company, director, there appears to have been a lack of insight into the actual function of a company director qua director. At the one extreme, popular misconception would have it that a director is, as it…

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Scope of audit committee as per corporate governance in a listed company

Meeting of Audit committee: The audit committee should meet at least four times in a year and not more than four months shall elapse between two meetings. The quorum shall be either two members or one third of the members of the committee whichever is greater, out there should be a minimum of two independent members present. Power of audit committee: The committee shall have powers, which should include the following: Investigating any activity within the terms of reference. Obtain…

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Trademark license agreement and its supremacy

For the license agreement, the relationship of licensor-licensee would not come into existence. The agreement is the prerequisite for registration or any regulation in the area of rights and obligations or in other business relations of the parties. Under the 1999 act by virtue of section 48(2) and section 2(1)(r) there is a clear recognition of common law licensees. The 1999 act is silent about necessity of quality control in the definition of permitted use. License agreement is supreme and…

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Do you want to know about the legal effect of share certificate

Legal effect of share certificate: Share certificate is prima-facie evidence to the title of the person whose names is entered on it. It is a statement specified by the company, the moment it got issues, the person who named in it will be the legal owner of the shares. The mentioned shares would be paid up to the extent stated. It does not constitute a title but it is merely an evidence of the title. It is actually a statement…

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