TaxoLawgy

Over the globe, isolate and social separating have been the center measures to forestall the spread of COVID-19 infections. Some way or another these measures have worked in checking the spread, however then again, it has brought about a financial vulnerability leaving endless individuals jobless. The bigger populace has been straightforwardly influenced by the pandemic, and accordingly, joblessness has expanded and it has gotten hard to bring in cash in lockdown. The organizations are going down day by day, making such huge needs and rivalry for the positions accessible. Fortunately, all hope is not lost as there is still room to think outside the box, amidst of crisis. If you have been affected in any way, you better start thinking on how to start your own business or venture into freelancing deals. Before you get that full-time employment, you have to look for something to do that will hold you over. If you want to have a proper financial plan at these difficult economic ti...

If you’re looking for a simple and easy explanation to licensing agreement you’re in the right place. Firstly, a license agreement  lets a party use the patented goods or services of another party if they come to an agreement. Furthermore, the agreement can be used to put in clauses comfortable to the involved parties. Agreements like end-user licensing agreement are a bit different but we’ll explain them all. Moreover, here’s a quick and easy guide to the licensing agreement. Types Of Licensing Agreement There are different types of agreements in India. Moreover, most of them are related to the basic concept of such an agreement. Here are a few types: Firstly, trademark agreement Copyright agreement Also, end-user licensing agreement in case of software Music licensing Service licensing Brand licensing These are just a few of many agreements that exist. Benefits Of An Agreement Firstly, it gives authority to the party that owns the product The agre...

Add caption An accounting department is generally a very important part of any business. Maintaining accurate and up-to-date financial records is crucial for the success of any business. Many Small and Medium Enterprises (SME) try to save resources by not hiring an accounting department and doing their work themselves. Their time can be better spent by particularly doing the tasks they are supposed to do. Finance and accounting tasks can be easily outsourced and crucial resources can be effectively used for more important purposes. We have accordingly presented 10 reasons to outsource finance and accounting services in this article. Click here to know 10 legal services you can outsource. 1. To save time Accounting and bookkeeping tasks can consume a lot of time. Furthermore, pending accounting and bookkeeping tasks can pile up and suck the life out of a business. Outsourcing these tasks can result in the saving of time and other precious resources. 2. To save...

Coupled with the objective to boost the ease of doing business in India , the Ministry of Corporate Affairs (MCA) has taken some initiatives. In this article, we shall understand these reforms more clearly. Exemption of minimum paid-up capital The paid-up capital: the amount accumulated by the sales of the company’s shares.  The MCA has exempted the requirement of minimum paid-up capital for private companies through the Companies (Amendment) Act 2015.  Private companies no longer need to adhere to minimum paid-up capital. This step will increase the ease of doing business significantly. The inception of Central Registration Centre (CRC) Precisely, in an initiative of Government Process Re-engineering (GPR) to provide speedy incorporation related services and to increase the ease of doing business in line with global best practices, the MCA has established a Central Registration Centre (CRC) under Section 396 of the Companies Act 2013(Act) vide notifi...

Introduction to the Indian Pharmaceutical Industry Pharmacy Registration in India | Online Pharmacy Law in India The pharmaceutical industry in India is slated to increase its value in the near future. From US$ 33 billion in 2017, it is expected to go up to US$ 55 billion by 2020. The domestic pharma industry grew from Rs 116,389 crore in 2017 to Rs 129,015 crore in 2018. That is a result of the rapidly rising pharmaceutical product exports of India. Indian pharmaceutical firms supply over 80% of the antiretroviral drugs used to treat AIDS globally. India supplies 25% of all medicines used in the UK and 40% of generic drugs used in the United States. An Opportunity to grow with the trend It is natural for a business-minded person to throw the hat in the game while the industry is booming. Experts suggest that the pharmaceutical industry is thriving and poised for greater glories. Hence, it’s time to utilize the global and domestic surge in demand for pharma...

“With great power comes great responsibilities”. Yes, that’s the most famous dialogue from the spiderman trilogy. Besides being famous, it also makes a lot of sense. When it comes to the internet, this dialogue is on point. The internet has empowered us greatly. However, there are downsides to this. Most notable is trolling. Trolling is a part and parcel of our lives. From memes on Instagram to Twitter threads, no place is spared by social media trolls . Above all, are there laws against trolling in India? Troll Meaning Troll meaning could differ from situation to situation. But mostly, a troll is someone who creates discord on the internet. Generally, by starting fights or harassing people. Social media trolls often give controversial statements to get famous. Laws Against Trolling In India Online bullying is very common in India. It can happen with a celebrity or even you. There are no specific laws against trolling in India. As a matter of fact, there can’t b...