Incorporation procedure of Limited Liability Partnership

Incorporation documents and the step by step procedure are going to be discussed here in detail. To incorporate a limited liability partnership A lawful business, which has been carried by two or more persons need to subscribe their names in the incorporation document. The incorporation document shall be filed in such manner and with such fees, as may be prescribed with the registrar of the state in which the registered office of the limited liability partnership is to be situated;…

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An overview of GST impacts on a common man

Roll out of GST, how it impacts on a common man and the things we must know are going to be discussed here. Keep your eye on this article to get an overall impact of this GST scheme.   When GST got rolled up, the prices were expected to go down and the consumers get more benefits. But that would happen only in the long run in the form of input tax credits that start coming back to the consumer…

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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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