Introduction Uttar Pradesh is located in the north-central part of India, it is one of the most populated states of India. It is divided into 75 districts and it is the 4th largest state in India in terms of landmass. Uttar Pradesh is a landlocked state with Lucknow being the capital city, the current population
Introduction The Companies Act of 2013 (hereinafter referred to as “the Companies Act”) has made provision for various types of companies. In the Companies Act, among others, a company may be termed as a separate legal entity and is further categorized in various manners, such as, for example, a private company, a public company, a
In the contemporary commercial landscape, intellectual property assumes an indispensable role for enterprises, irrespective of their sector or scale of operation. Indeed, intellectual property rights stand as a cornerstone in safeguarding a company’s competitiveness, prosperity, and enduring existence, exerting a substantial influence on its overall worth. These rights pertain to intangible assets, encompassing trademarks, patents,
Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
In February 2024, Vietnam adopted a new Construction Industry Development Strategy for 2030 – 2045, aiming to boost the construction market, especially in urban infrastructure and housing. The strategy prioritizes key infrastructure projects in major cities and sets ambitious goals for housing construction, including doubling urban housing rates by 2030 and building 1,000,000 housing units
Introduction The Ministry of Corporate Affairs (hereinafter referred to as “MCA”) has recently circulated a draft policy called as “Draft Policy for Pre-Legislative consultation and comprehensive review of existing Rules and Regulations” (hereinafter referred to as “the Draft Policy”) which has come into effect from 1st January, 2024. The draft policy aims to conduct public
Article 27 of the Italian Constitution enshrines the principle that criminal liability is personal. This principle is one of the pillars of the country’s legal system, providing that no one can be punished for an offence he or she did not commit personally, since criminal liability is closely linked to the individual action and will
Introduction In order to conduct any business activities in India by a foreign investor, it is imperative to register an entity either by way of Private Company or a Limited Liability Partnership (“LLP”) so as to create a separate legal entity with perpetual existence with the advantage of minimal personal liability to promoter and initial
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
