May 2024

FEMA and RBI Compliances

Foreign Direct Investment (FDI) in India is regulated and governed by the Reserve Bank of India (RBI) – Foreign Exchange Management Act (FEMA), 1999. The FDI policy was announced by the Government of India and RBI issued vide notification FEMA 20/2000-RB dated May 3, 2000 which contains the Regulations in this regard. FDI is a …

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Gujarat Property Registration

Gujarat property registration procedure is governed by the Registration (Gujarat Amendment) Act, 1908. Any transactions that involve an immovable property should be registered to ensure clear transfer of title to the property owner. Once the property registration procedures has been completed, it becomes a permanent public record. Immovable property registration process involves the preparation of deeds, paying …

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Small Industries Development Bank of India

The Small Industries Development Bank of India/ SIDBI was formed under the Department of Financial Services in the Ministry of Commerce.SIDBI primarily focusses on the development of the MSME Sector along with the promotion of energy efficiency and cleaner production.The bank plays a vital role in helping micro, small and medium enterprises acquire necessary funds …

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Consumer Protection Laws in India

The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer. The primary motivation of this forum is to bestow …

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What is Form 16

Form 16 is a certificate that denotes the fine breakup of salary income and the Tax Deducted at Source amount deducted by the employer. It is associated with Income tax and is used by companies to provide their salaried individuals’ information on the tax deducted. In simple words, Form 16 means a document provided by …

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AMENDMENTS TO THE INDIAN PATENTS AND DESIGNS ACT, 1911

1. Long title—Omit “Inventions and”.2.Preamble—Omit “inventions and”.3. Section 1—In sub-section (1) omit “Indian Patents and”.4.Section 2—(a) omit clause (1);(b) in clause (2) omit “(as respects designs)”;(c) for clause (3), substitute—(3) “controller” means the Controller General of Patents, Designs and Trade Marksappointed under sub-section (1) of section 4 of the Trade and Merchandise MarksAct, 1958 (43 …

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