Muds Management
Stories (10/0)
Winding up Significance and different modes
The process of winding up a business is known as dissolving it. A company's operations halt while it is winding down. Its primary function is to sell shares, settle debts, and distribute any leftover assets to partners or shareholders. The phrase is most commonly used in the United Kingdom, where it is synonymous with liquidation, which is the process of turning assets into cash.
By Muds Management2 years ago in Journal
Different Models of NBFCs In India
NBFC(Non-Banking Financial Corporation), as defined under section 45-IA of the RBI Act 1934 and Company Law, is largely involved in financial operations such as secured and unsecured loans, investments, market loans or financial information provision, or other business goals. NBFC does not have a full-fledge banking license but does have all sorts of lending operations. To acquire an RBI certificate of registration (COR), a firm that is willing to initiate a lending or investment business is necessary. The NBFC Registration, NBFC compliance, and Regulation has been streamlined by RBI, and licensing today is a lot easier than previously.
By Muds Management3 years ago in Journal
Stages of Corporate Insolvency Process
In 2016, the Indian judiciary introduced legislation specifically covering bankruptcy and insolvency. Until that time, topics relating to insolvency and bankruptcy had mainly been addressed by several codifications, which laid down laws that meet the requirements of the code. For example, the Company Act of 2013, which provided for the discharge of liabilities by the bank towards a secured creditor in relation to the failure of payment, and the Banks and Financial Institutions Law of 1993, laid down provisions relating to winding up of firms, introduced rules on financial debt recovery.
By Muds Management3 years ago in Journal
Registration Of Trademark - Knowing the overall
A trademark plays a vital function in product promotion and offers information about the product's quality. It permits a company to get exclusive rights to use, distribute, or assign a trademark. This can be accomplished by registering a trademark. India is a hugely competitive market for entrepreneurs and business owners, with a large number of new, yet identical, brands and items appearing on a daily basis. Protecting your brand becomes vital in this situation to prevent others from profiting from your name or brand. In this blog we would be exploring the requirement and value of trademark.
By Muds Management3 years ago in Journal
An Insight into Powers and Rights of FSSAI
The Food Safety and Standards Authority of India (FSSAI) was established under the Food Safety act of 2006. The statutory body came into existence in 2011 under the health ministry. It was enacted with an aim to bring all the food testing and quality control authority under one statutory body. Now, many people have questions on the powers and responsibilities of FSSAI. The FSSAI is responsible for registration and other licensing services for food businesses across the country. Hence, it is essential for all new business owners as well as the existing ones that they understand the rights of this regulatory body.
By Muds Management3 years ago in Journal
Ways to Deal with Sexual Harassment at Workplace
Dealing with sexual harassment might be considered important but focus should be on making workplace environment healthy enough that no one should be in a situation to handle it in the first place. This is because instances of sexual harassment affects women’s psychological state.
By Muds Management3 years ago in Viva
Importance of PoSH Training for Safety And Healthy Work Culture
The Prevention of sexual harassment of women at the Workplace Act was brought into action in our country in 2013. This act was aimed at Prevention, Prohibition, and Redressal of instances of sexual harassment. It was passed in Lok Sabha or Lower House of Parliament on 3rd September 2012 and in the upper house or Rajya Sabha on 26 February 2013.
By Muds Management3 years ago in Journal
Signing Financial Statements of Company under CIRP
If any corporate debtor commits a default, a financial creditor or operational creditor or the debtor itself may initiate a corporate insolvency resolution process (CIRP) to pay off the debt from assets of the debtor. ‘Default’ means non-payment of debt when the whole or part of any installment of the debt has become due and isn't paid by the company debtor as per the section 3(12) of codes.
By Muds Management3 years ago in Journal
IBC 2016: Application to Adjudicating Authority Rules, 2020
The pandemic caused by the COVID-19 had put many economies on halt for most part of 2020 and even 2021. The Central Government was ready with a series of relief measures in various sectors of the Indian Market. In case of the insolvency proceedings, it stopped the initiation of procedures for at least a year. This was done to ensure that small businesses remain unaffected by the aftereffects of restrictions being imposed due to COVID-19 pandemic.
By Muds Management3 years ago in Journal
7 Stereotypes That Make Women Lose Comfort at Workplaces
Sexual harassment, provocation, and disparity in work has now become a regular part of a working woman's day. They do comprehend that these are profound issues of workplace safety but understand that it will take the more time to be fixed as it is the issue of mindset of men. Gender bias and harassment are not the only issues women face. There are tons of other things that men at work tend to do or say that make them extremely awkward. What’s is worrying is that all this can be seen happening openly in many places. These issues are often not discussed even if they trouble women a lot. The roots of this issue lie in the easygoing mindset and suspicions most associations have due to fake complaints of harassment.
By Muds Management3 years ago in FYI