Trademark Symbols Explained
Trademark Symbols Explained A trademark is a type of intellectual property, and normally a name, phrase word, logo, symbol, design, image and a combination of these elements. There is also a range of non-conventional trademarks comprising marks, which do not fall into these normal categories. It's usually done in order to protect the identity of the brand and maintain its uniqueness. A trademark separates the identity of the brand with other existing facsimiles and dubious competitors, eliminating the [...]
How to file an RTI ?
How To File an RTI Application ? The Right to Information Act, 2005 law brought in the constitution of India in order to increase transparency and good governance. It provides citizens with the right to ask for with information from public bodies. The Right to Information (RTI) Act, 2005, is pivotal as it mandates on time response from the requested body, to a citizen’s request for government information. There are no restrictions to exercise RTI and any citizen [...]
Conversion Of Partnership To Limited Liability Partnership
Converting a Partnership Firm To A LLP Partnership firms are easy and quick to form, but they hold one fundamental disadvantage of lack of Limited Liability clause. Which means the partner's personal assets could be liable for the firm debts. The introduction of Limited Liability Partnership Act 2008 has introduced the concept of a Limited Liability Partnership. The LLP is a big improvement upon a normal partnership; it brings the essence of Limited Liability Clause which was earlier [...]
Types Of Directors And Their Duties
Types Of Directors And Their Duties Duties of Directors: Since the directors are the nucleus of the company, Companies act mentions duties of the directors. Following are some important duties mentioned: To Act in good faith in order to promote the objects of the company for the benefit of its members as a whole. To Act in best interest of company as a whole, its members, its employees, shareholders, community and protection of environment. To Act Accordance with [...]
Concept of Directors For Companies
Concept Of Directors For Companies Since a company is recognized as a legal person in the eyes of law, which makes its existence separate from its members. Even with an individual legal status, a company cannot operate on its own, since it has no physical existence. This is where the concept of Board of Directors come in, The board of directors also known as the board is basically the functional brain of the company. The members of the [...]
Go Cashless Save Tax
As a part strategy on pushing India towards cashless economy, the Govt. of India notified about the lower rate of tax for business opting for digital transactions. According to section 44AD of Income Tax Act 1961, business with turnover of less than two crores and maintaining no books of accounts have an option to opt for presumptive taxation scheme where in their income would be presumed to be 8% of the turnover. Now, as per the notification business having digital [...]
