Creating a retirement portfolio after a certain age is essential for salaried individuals to make their future financially secure. To help such people with the same, the Government of India offers two savings schemes viz. National Pension Scheme (NPS) and Public Provident Fund (PPF). Both are long-term savings instruments providing income tax benefits. Public Provident […]
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BIS certification is issued by the Bureau of Indian Standards (BIS) in India. The BIS certification indicates third party, i.e. BIS assurance of any product’s quality, reliability, and safety to the customers. The BIS is involved in several activities like certification of products, standards formulation, testing, hallmarking, calibration scheme, etc. The BIS certification for products
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An annual general meeting (AGM) is an annual gathering of a company’s shareholders and board of directors. Usually, the directors and shareholders get to meet each other at an AGM. At an AGM, the directors of the company present the company’s annual report containing the company’s performance and strategy for the shareholders. The Companies Act
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Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as appear to it to be necessary or expedient for removal of the difficulty: Provided that
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Laying of rules (1) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more
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Employee State Insurance (ESI) registration is a mandatory compliance requirement for businesses in India, governed by the Employee State Insurance Corporation (ESIC). This scheme provides social security and health insurance benefits to Indian workers earning a specified monthly wage, typically extending to their dependents. Depending on the business type and location, it applies to companies
Power to make rules by competent authority (1) The competent authority may, by notification in the Official Gazette, make rules to carry out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:— (i)
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The corporate veil is a legalized concept separating the actions of the organization from that of its shareholders. It also safeguards the shareholders from being guilty of the actions of the company. The court has the right to determine the guilty party. This method exercised by the court is called “piercing the corporate veil in
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Power to make rules by appropriate Government (1) The appropriate Government may, by notification in the Official Gazette, make rules to carry out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:— (a)
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Appropriate Government to prepare programmes (1) The appropriate Government may, to the extent of availability of financial and other resources,— (a) develop and organise educational programmes to advance the understanding of the public, in particular of disadvantaged communities as to how to exercise the rights contemplated under this Act; (b) encourage public authorities
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