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Category: Corporate Law

ESIC Portal – Login, Registration, and Services Offered

ESIC Portal – Login, Registration, and Services Offered

Update: From 15th Feb 2020, new Companies registered through MCA Portal, need not comply with provisions of ESI Act till they reach threshold limit of ESI coverage or initial 6 months whichever is earlier. Submission of Mobile Number and Bank Account details shall be mandatory for registration of New employee and for settlement of benefits/claims reimbursements. Contents ESIC Portal Employees State Insurance is a scheme initiated by the government to provide socio-economic protection to the working class and immediate dependents…

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Setting Up Business in India

Setting Up Business in India

  Establishing Business As per Section 2(m) of the Limited Liability Partnership Act, a foreign LLP is a limited liability partnership formed, incorporated, or registered outside India; which establishes a place of business in India. A foreign LLP shall establish a place of business in India by filing Form 27; enlisting therein, the details regarding the incorporation of LLP, details of designated partners, and partners, naming at least two authorized representatives for complying with the provisions of the LLP Act….

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MSME registration under Udyog Aadhaar- Benefits and Process

MSME registration under Udyog Aadhaar- Benefits and Process

  Background In order to promote the growth of Micro, small, and Medium Enterprises (MSMEs), the government of India gives various concessions and extends financial assistance exclusively to the units or enterprises which qualify to be micro, small or medium enterprises. It is one of the many sectors that have immensely impacted and hit during this pandemic situation. It not only contributes to our country’s GDP but also contributes massively by employing lakhs and lakhs of both skilled and unskilled…

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All about LLP settlement scheme 2020

All about LLP settlement scheme 2020

LLP Settlement Scheme 2020 is announced by Ministry of Corporate Affairs with an aim to bring non-compliant LLPs into the legal fold. As per one estimate, the scheme could benefit 20-25 per cent of the 1.25 lakh LLPs registered in the country*. Under the scheme, LLPs will be given a three-month window to complete overdue filings of four forms viz. LLP Form 3, LLP Form 4, LLP Form 8 and LLP Form 11. The additional fees on the forms is…

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Companies (Incorporation) Amendment Rules, 2020

Companies (Incorporation) Amendment Rules, 2020

MINISTRY OF CORPORATE AFFAIRS vide notification / Gazette id No. CG-DL-E-22022020-216319 issued and published dated 22nd February 2020, has published Companies (Incorporation) Amendment Rules, 2020 in exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013) to amend the Companies (Incorporation) Rules, 2014 Applicability: They shall come into force with effect from the 23rd February, 2020. Changes Occurred 1. In the Companies (Incorporation) Rules, 2014 (hereinafter referred to as…

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Key features of Spice+ form

Key features of Spice+ form

Key features of SPICe+ for Incorporation of New Companies in India MCA has amended Companies (Incorporation) Rules, 2014 and new rule will be effective from 15/02/2020 called Companies (incorporation) Amendment Rules, 2020. As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would save as many procedures, time and cost for Starting…

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