Counsel

ESI refers to the Employee’s State insurance is a self-financing social security and health insurance scheme for Indian workers. ESI is mandatory if the employee is having a salary of less than or equal to 21000 and the establishment has 10 or more workers.

Denial of ESI facility by eligible employers is not only illegal but also immoral.

However, while counting workers only permanent employees count, not hourly/daily wage contract workers. Also till now, the whole country is not covered by ESI act. Only those areas notified by the government of (Ministry of Labour) is covered. The areas notified is a dynamic list and progressively newer areas are added. You can check with the esi website or nearest esi office to know if your particular area is covered.

Yes, you can opt for 'No action'.

There are 4 choices shareholder can make when rights issue are being offered:

1. Fully subscribe
2. Partially subscribe
3. Sell rights share to 3rd party.
4. No action.

Rights issue secretarial compliance which is carried out to allocate shares to existing shareholders. If a rights issue is not fully subscribed, the company then has the freedom to offer the balance shares to the general public.

Property can be verified broadly under 3 heads

Clear Title: This is to verify whether the person(s) selling you the property have complete right over the property and is it presently registered in the name of the person(s) who is selling the property. Either the seller may be impersonating someone, or the property may not even belong to the seller or the seller might have mortgaged the property with someone else and is trying to sell you the property fraudulently or the property might be encroached on a Govt. land etc. 

Litigation: Is there any litigation pending on the property that you are buying. If there is, then what kind of issue is there in the litigation.

Taxes Due: Whether the seller has cleared all dues till date with respect to taxes on the property has to be verified. This may become a significant amount if the taxes and penalty has not been paid till now

The comprehensive list of licenses depend on the location of your establishment. Following is the indicative list of licenses that you need to obtain

1. FDA License is required if you market your soap as Ayurvedic material since it comes under the defnition of medicine. However if you market your soap as cosmetic, then you will have to obtain license under Drugs and Cosmetics Act.

2. Trade license from your local municipal government may be required based on your location

3. Shops & Establishment Registration is required if you employ people

4. Factory license is required if the investment in plants and machinery crosses 5 Crores.

The comprehensive list of licenses depend on the location of your establishment. Following is the indicative list of licenses that you need to obtain

1. FDA License is required if you market your soap as Ayurvedic material since it comes under the defnition of medicine. However if you market your soap as cosmetic, then you will have to obtain license under Drugs and Cosmetics Act.

2. Trade license from your local municipal government may be required based on your location

3. Shops & Establishment Registration is required if you employ people

4. Factory license is required if the investment in plants and machinery crosses 5 Crores.