In an age where data is often dubbed the “new oil,” protecting personal information has become paramount. India’s regulatory landscape around data privacy comprises overlapping frameworks—chiefly, the Telecom Regulatory Authority of India (TRAI) regime for telecommunication data and the Information Technology Act, 2000 (IT Act) for electronic data exchanges. Together, they seek to balance legitimate […]

Provision of LODR (Regulation 23) Regulation 23.1 Formulate on Materiality of RPT including clear threshold limits duly approved by the Board and such policy shall be reviewed by the Board at lease once every 3 years. RPT considered material exceeds lower of the following: Transaction to be entered into along with previous transactions during a […]

  Table-1 INCORPORATION OF SECTION 8 COMPANY Steps Process Documents required Timelines Remarks 1 Apply for name reservation of proposed company a) Atleast two names of the proposed Company are required. b) Brief object of the business of the proposed Company. Basis the same, will prepare the main objects of the Proposed Company and share […]

Section 8 companies—often set up for promoting commerce, art, science, charity or any other useful object—enjoy a number of exemptions from the otherwise stringent compliance requirements prescribed for other companies under the Companies Act, 2013. These exemptions recognize the not-for-profit nature of Section 8 entities and aim to ease their governance burden, so they can […]