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  As per provisions of the Companies Act of 2013, a company is a firm founded and registered under the Companies Act.  According to common law, a business is a "legal person" or "legal entity" that is separate and capable of existing beyond the lifetimes of its members. A company's incorporation refers to its formation under the Companies Act of 2013 provision.  Through this article, you get the answer to “how to get certificate of incorporation” and discuss the advantages of obtaining a certificate of incorporation . How to get a Certificate of Incorporation Indian law has made it straightforward to create a new company in just a few days, according to MCA (Ministry of Corporate Affairs) rules and regulations.  These are the four crucial steps to obtaining a certificate of incorporation in India. Acquire Director Identification Number (DIN) Acquire Digital Signature Certificate (DSC) Finding an eForm or Registration of a New User Incorporate the company To hav...

  The Workmen Compensation Act 1923 is an old but essential law because it established a social security system for the country's workers. It allows an employee and his dependents to receive compensation for work-related injuries at his employer's expense in the event of his death. This article explains the basics of the workers compensation act 1923 and the formation of the child marriage restraint act 1929 . The objective of the act The workmen compensation act aims to allow certain companies to compensate their workers for injuries incurred due to an accident while on the job. If a worker acquires an occupational sickness while on the job, the Act treats it as an accident-related ailment. Nature of liability Consider what would happen if an employee putting in long hours and receiving excellent perks learned that he/she will not get any compensation. People, after all, are prone to doing something for the sake of receiving something in return.  When the vicarious liabilit...

  The Employee State Insurance, ESI act holds several sections. The section includes numerous medical benefits and insurance to employees working under factories registered under the  ESI Corporation.  ESI act 1948 is an exciting prospect for employee and legal perspective with the beginning of forming a social security program. The main objective of the act was to offer a security system for workers, especially in health-related unforeseen events. The Employee State Insurance Act, 1948 (ESI), offers financial backing and the proper support for working-class individuals during the time of medical distress.  Section 2(8) describes employment injury as a personal injury that a person suffered during employment, and such damage happens during an accident or occupational disease arising solely due to work. The Scope and Application of the Act The ESI contribution rate 2019-20 is 0.75% of the wages, and for the employer, it is 3.25% of the wages paid in respect of the...

  India gets regarded as one of the world's most influential and rapidly developing economies. Its foreign trade policies and government changes have made it a popular destination for international investors.  Furthermore, technological and physical advances across the country allow for efficient commerce and commercial processes.  A robust foreign trade policy is critical for a country's economic development to be successful. As a result, India established the EXIM Policy , also known as the Export-Import Policy. Let’s get into depth and learn more about the FTP of India. What is the EXIM Policy? Export-Import Policy is a set of standards and instructions that govern the import and export of products.  Under Section 5 of the Foreign Trade (Development and Regulation Act), 1992, the Government of India announced the Export-Import Policy for five years (1997-2002).  The current policy applies to the years 2021 to 2026. The Export-Import Policy is amended every ye...

  FTP is one of those policies that help India grow its share in world trade. Let’s learn more about FTP and its implementation. DGFT established the Foreign Trade Policy (FTP), a set of guidelines and instructions in matters related to the import and export of goods in India. The Ministry of Commerce and Industry of the Union Government announces Policy of Export-Import every five years.  The Department of Commerce has the duty of compulsion to make India a major player in trade and assume leadership in international trade organizations in commensurating with India’s growing importance at the Global level. Department of Devises Commodity and Specific Strategy of Country in the medium term and strategic plan and FTP in the long run.  The same is also responsible for special economic zones (SEZs), state trading, export, multilateral and bilateral commercial relations, promotion, trade facilitation, and development and regulation of export-oriented industries and commoditi...

  The Panchayats (Extension to Scheduled Areas), 1996, or PESA, is a law adopted by the Indian government to ensure self-government for people living in India's Scheduled Areas through traditional Gram Sabhas.  The Fifth Schedule of the Indian Constitution designates territories as Scheduled Areas. Scheduled Areas are usually found In 10 Indian states where tribal populations are the majority. Let’s get in-depth and understand the PESA Act in its simplest form. Understanding the act The Panchayat (Extension of the Scheduled Areas) Act is the PESA full form . The Centre enacted the act to ensure self-governance for people residing in scheduled areas through gram sabhas (village assemblies).  It recognises the right of tribal communities and scheduled area citizens to govern themselves through their forms of self-government, as well as their customary rights to natural resources. PESA achieves this goal by empowering gram sabhas to approve development plans and control a...