Company

Liability of Managing Directors of a Company under the Companies Act

Liability of Managing Directors of a Company under the Companies Act Liability for illegal acts Where directors have used their powers to part with money of their company in a manner or for a purpose which the law forbids, it is not a defense to proceedings to make them liable for their act to plead merely that they acted in ignorance of the law. A bookshop was owned by a company. A person designated as assistant manager had day to…

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Penalty for Selling Goods or Providing Services of false trademark

Penalty for Selling Goods or Providing Services of false trademark This Article prescribes penalty for selling goods or providing services to which false trademark or false trade description is applied. The penalty proposed is the same as sought to be provided for an offence in clause 103. In this clause, the court is also empowered to award a lower sentence of penalty for adequate and special reason to be mentioned in the judgment. Comments The section prescribed penalty for selling…

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SSI Registration and MSME Registration in Coimbatore

SSI Registration  SSI stands for Small Scale Industries. Registering an organization as an SSI will rise the organization to various benefits. A brief account of SSI registration, procedures and benefits are following. MSME Registration MSME is a acronym of Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the country’s economy level. The MSME sector grants to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial…

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All you need to know about company registration process in India

Company registration in India   Picking the proper business structure for your business is as important as any other business-related activity. The right business structure will permit your enterprise to function efficiently and meet your need business targets. In India, every company must register them as part of the mandatory legal compliance. Before we learn how to register a organization or entity, let’s try and understand the types of business structures in India. What are the types of business structures…

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Importance of FSSAI License Registration in Coimbatore

FSSAI License Registration in Coimbatore FSSAI License Registration has come out as a boon for both the consumers and food industry. The reason behind this is there are limitless Benefits of FSSAI License for both parties. After making modifications in old food laws and giving out more stringent rules and regulations with FSSAI has resulted in the increased safety of the food owners and consumers. Due to many controversies and the most famous one that Maggie noodles fiasco, the laws…

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