Posts in category: News

One of the biggest announcements of the US last week was the withdrawal of the GSP (Generalised System for Preferences) for exports from India. In this post, we examine what the GSP system is, reasons for its enforcement and the effect it may have on Indian exporters. What is the Generalised System of Preferences of the United States? The GSP system came into force by 1974. It is a preferential trade program of the US under which the US waives off import duties on many products from around ...

Ever since the 1900s, India has had several laws to deal with industries and companies within the country. The East India Company functioned as per the guidelines laid out in the Royal Charter and the Indian Companies Act which was established in 1913, revised in 1956 and then later amended multiple times all dealt with the running of firms and companies. Recently, in June 2016, a National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) were established by the Sup ...

The name of a company is the first thing that a person immediately connects with at the first instance. The importance of an appropriate name increases in case of a non-profitable organization (NGO) or a charitable organization formed under Section 8 of the Company Act, 2013. These Section 8 companies function solely for the purpose of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object meant to ...