Business owners, startups, professionals, and taxpayers dealing with Corporate Compliance Calendar should understand the applicable rules. Requirements can vary by turnover, entity type and activity, so it is best to confirm your specific case before proceeding.
Read Complete Guide →The Companies Act, 2013 never uses the words "search report" or "status report"; it is a practice document, not a legal requirement. Its legal base is the duty to register a charge (section 77), the Registrar's register (section 81), the company's own register (section 85), satisfaction entries...
The Act gives members a ladder of tools, from the mildest (information) to the strongest (an application to the Tribunal). Each tool has its own eligibility test, printed in the section itself, and most turn on a share of the voting power or capital. This is a map of statutory tools, not advice to...
The only provision of the Act on insurance is section 197(13): it says how the premium is treated, and it does not make insurance compulsory. Beyond that, a director may look to relief by the court (section 463), the limited liability of independent and non-executive directors (section 149(12))...
No statute requires an unlisted company to have a "crisis management plan"; it is good practice, not a legal requirement. The Companies Act, 2013 does touch the subject through the risk management statement in the Board's report, the auditor's duty to report fraud and the vigil mechanism. A good...
The term sheet is a commercial document: mostly non-binding on price and structure, with a few clauses usually made binding as practice (confidentiality, exclusivity, costs). The share subscription agreement is the binding contract under which the investor pays and the company issues shares, after...
There is no statutory requirement for a company to run an IP audit; it is practice, not a legal requirement. A good audit lists every asset, checks who owns each one on paper, confirms registration and renewal status, reviews licences in and out and encumbrances, and ends with an IP register and an...
An assignment transfers the right itself; a licence lets another person use it while you stay the owner; a franchise is a licence of a brand together with a business system. India has no single franchise statute, so a franchise rests on contract plus the trade mark and other laws. Each IP Act has...
The Companies Act, 2013 does not define or prescribe a "forensic audit". Its phrase "forensic audit" appears only in the list of fields from which experts of the Serious Fraud Investigation Office are drawn (section 211(2)(iv)). The Act does provide separate routes: the auditor's fraud report, the...
A statutory audit gives an opinion on the financial statements, by sampling, under the Companies Act. An investigation is ordered by the Central Government or on a Tribunal order, and inspectors hold statutory powers. A forensic review is usually a contractual engagement that traces specific facts...
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