ISO 9001, section 4.2 provides that the “supplier shall create, document and keeps quality system which means of confirming that the product meets to particular needs. It can be seen that this documentation consists of several tiers of documents, each successive tier becoming more detailed. At the apex is the quality manual, this briefly describes all the elements of a […]
Continue reading »There are many questions are asked by the peoples to know about GST registration and here we give some answers which are frequently asked questions on GST. Can a person without GST registration request ITC and collect tax? No, a person without GST registration can neither get GST from his customers nor can claim any input tax credit (ITC) of […]
Continue reading »Under section 2(31) categories of amount which will not be in included in definition of deposit may be prescribed in consultation with RBI. Here we see about the matters prescribed under the act 2013. Under section 2(68) higher paid up share capital may be prescribed for private limited company registration. Under section 2 (71) higher paid up share capital may […]
Continue reading »Incorporation of Company and Matters Incidental Thereto Incorporation of a company under the three aspects Incorporation of a company has so many rules to follow. Incorporating is like form into a corporation. The so-called business corporation According to the number of people joined together, the formation of company differs. Seven or more than seven persons form the Public Company. Two or […]
Continue reading »Where a trademark or tradename of one trader is used as part of the trading style or corporate name of another in a similar business an order may be granted keeping such use of the name. The trademark used any kind of business. The appellants who were registered users of the respondents registered marks OPTREX for eye lotion, and who […]
Continue reading »The sick industrial companies act 1985 has been repealed. It have been brought into the companies’ act 1956. It is suitable with modifications as sections 424A to 424L and are placed under the jurisdiction of the national company law tribunal composed under section 10FB of the said act pursuant to the company’s act 2002. It is expected that the tribunal […]
Continue reading »A company may be spoiled by the board in the following circumstances: If the company has a special resolution passed at a general meeting of members resolved that the company be wound-up by the tribunal. If the company does not start its business within a year of registration or excludes its business for the total years. If the number of […]
Continue reading »At annual general meeting, the performance of the company in the last financial year and to consider the question of payment of dividend and of reappointment of directors and of auditors. Accordingly section 173 of the act prescribes that business other than the following that may be considered at every annual general meeting are special business: The statement of dividend […]
Continue reading »Raising of funds by issue of debentures or bonds is also a source of long-term capital for a company like share capital. Persons who subscribed to the shares of a company are its owners while debenture holders are its creditors. Shares and debentures are however, securities and the provisions of the companies act 1956 regulate their issue and protect the […]
Continue reading »Given in the section hold good unless the context otherwise requires. Where the context shows an intention repugnant to the meaning given in the definition, the context must prevail. Otherwise the meanings given in the section must govern even though they may not trade, in any case, be identical with that given to the expression in its ordinary or legal […]
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