Plenty of legal aspects need to consider in business. In case, if
you fail to follow any legal requirements in business, then it affects the
functionality of the business. There are some important legal aspects that you
need to consider in establishing the business are; the legal structure of the
business, trademark registration of the business, relevant license
for the business, zoning laws, relevant health and safety laws, confidentiality
and non-disclosure agreements.
There is a great
significance of corporate and commercial law in the corporate circuit. Corporate
and commercial laws are sections of code that enable corporate sectors to
protect their liberty and rights, maintain orders, resolve disputes,
and establish standards for the business concerns and their ways to deal with
government agencies and individuals.
Indian
Government’s favorable business policies and robust business infrastructure are
influencing foreign investors to invest in India. Recently to boost foreign
investment in the country, the Government of India has made significant changes
in the existing FDI policies. Some of these changes are reduction in corporate
tax rates, easing liquidity problems of NBFCs and banks, FDI policy reforms,
reduction in compliance burden, etc.
Today, there is a great significance of patents in the business world. It not only empowers individuals to claim monopoly over their innovation for a given period of time but also provides an imaginary boundary to protect an invention. In case, if any person uses, sells, manufactures, or imports a product of patent holder without his/her prior information, then it will be a violation of patent rights.
Idea and ambition are two main foundations for any
successful business. If your business idea is innovative and your ambition is
high, then any obstacle cannot become the bottleneck in your business growth. But
wait! Here you are missing one vital thing, is corporate compliance.
Yes, whether national or international business, there are certain rules that
one must comply with. Violation of corporate compliance law may lead you and
your business to serious legal trouble. Business owners may need to pay the heavy
penalty or may face any other ignominious legal action, which hampers the
goodwill, popularity, and profitability of the corporate business.
Public-private partnership popularly known as PPP, is a
constructive business model where a government agency and a private sector
company work together to achieve a common objective. Generally, PPP is a long-term contract between
a private party and a government entity in which policies are formulated to
ensure the time-bound creation of world-class infrastructure. Under PPC, a
government entity and a private party share their manpower and technical expertise
to build and operate projects; such as public transportation networks, parks,
and convention centers. There are concessions of tax or other operating revenue
and protection from liability involve in the public-private partnership. Below
are some examples of Public-Private Partnership (PPP) Projects in India.
The statutory registers can be described as the registers that contain the specific and confidential records of the company shareholders, directors, loans and guarantees, etc. They are required to be placed under the Registered Office of the company. Provided that, such registers or copies of return may also be kept at any other place in India in which more than one-tenth of the total number of members entered in the register of members reside if approved by a special resolution passed at a general meeting of the company.
Plenty of legal aspects need to consider in business. In case, if you fail to follow any legal requirements in business, then it affects t...
