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Benefit of RERA (Real Estate Regulatory Authority) Lawyered image. Types Of Companies In India: Detailed Breakdown. Where Are We Moving With The Insolvency & Bankruptcy Code? Is it just another piece of legislation?
Why is there so much of noise around this new piece of law called the Insolvency and Bankruptcy Code 2016? Is it all because it tightens its noose, and aims at curbing the existing loopholes – a threat to the defaulters and a boon for the lenders? Let’s take it one by one. The Insolvency and Bankruptcy Code’2016 (IB Code) came into effect from 1st December’2016 and has its affect on all banking laws amending the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act’ 2002,(SARFAESI) Recovery of Debts Due to Banks and Financial Institutions’1993,(RDDBFI), taking over the jurisdiction for winding up of companies under Sec. 434 of the Companies Act ‘2013 and repealed the Sick Industrial Companies (Special Provisions) Repeal Act’2003,(SICA) amongst many others to which there was a strong protest by the State Government of West Bengal.
Almighty only knows why? All Types of Share Capital. Share capital is the amount of capital raised by issue of shares by a company for the purpose of collecting funds for running the organization. Following are the types of share capital: Authorized capital This is the amount of share capital which a company is authorized to issue. Authorized capital is also called Nominal capital or Registered capital and is divided into shares of fixed amount. Public Interest Litigation (PIL) in India. Public-Interest Litigation is a legal contest fought judicially, to armor the public interest. It is introduced in a court of law, not by the aggrieved party but by the court itself or by any other private party.
It is not necessary, for the exercise of the court’s jurisdiction, that the person who is the victim of the violation of his or her right should personally approach the court. Learn how to file a PIL The traditional rule of “Locus Standii” that a person, whose right is infringed alone can file a petition, has been relaxed by the Supreme Court in its recent decisions. Partnership Deed Format & Registration Process. A partnership deed is a written legal document underlining the rights and responsibilities of members of a partnership.
A partnership firm is not legally bound to register, however, the registration confers certain benefits which can be used to the firms advantage. How to File an RTI: A Step-by-Step Guide. The right to information is implicitly guaranteed by the Constitution.
However, with a view to set out a practical regime for securing information, the Indian Parliament enacted the Right to Information Act, 2005 and thus gave a powerful tool to the citizens to get information from the Government as a matter of right. This law is very comprehensive and covers almost all matters of governance and has the widest possible reach, being applicable to Government at all levels- Union, State and Local as well as recipients of government grants. How to File Your Taxes? For Salaried Individuals & Freelancers. Does your filing of taxes, tax you?
It does that to me too, but then I took up the challenge to get over it for myself and all out there. Being a salaried person filing your taxes is easy and convenient. The company which hires you, will be deducting your tax at source i.e. TDS and for the issuance of this certificate, it will seek all your possible details on your investments, savings, tax exemptions and all other benefits which you can claim. Don’t be hesitant; just share the details, as they are making it easier for you to file your Income Tax Returns. What you should know? 1. 2. Starting & Registering a NGO, Trust or Society in India. NGOs are organizations that usually work towards the promotion of certain causes or the welfare of a target population.
Hookah Bar License, Process & Cost. If you are planning to setup your Hookah parlour in India, you need to first know that Hookah parlours cannot be opened separately, Hookah can only be served as an item in a restaurant.
What does that mean? That means, you will have to open a restaurant first to be able to serve Hookah. There are no licenses for Hookah, but a list of other licenses & permissions are required to start your Hookah parlour. The below given information lists the general permissions and licenses one has to obtain to open their own restaurant. Need & Importance of Partnership Firms. The Indian Partnership Act, 1932 defines partnership as “the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.”
The inherent disadvantage of the sole proprietorship in financing and managing an expanding business paved the way for partnership as a viable option. Partnership serves as an answer to the needs of greater capital investment, varied skills and sharing of risks. The persons who own the partnership business are individually called ‘partners’ and collectively they are called as ‘firm’ or ‘partnership firm’. The name under which partnership business is carried on is called ‘Firm Name’. Assignment of Trademarks in India. Just as in the case of physical property such as land, every owner of a Brand or Trademark has the right to sell, license, transfer, etc. its respective brand or trademark in accordance with legal procedures.
A brand or Trademark owner can transfer his rights with respect to his trademark either by way of assignment or by licensing. In India, The Trade Marks Act, 1999 deals with assignment as well licensing of trademarks. Norms Tweaked, ‘Fund of Funds’ for Start-ups Takes Off. NEW DELHI, APRIL 30: After almost a year since the Union Cabinet gave its green signal, the Centre’s ambitious ₹10,000-crore ‘Fund of Funds’ (FFS) for financing start-ups over a nine-year period is finally off to a roaring start.
In the first few weeks of April 2017, venture capital funds (VCFs) have lapped up the entire ₹1,100 crore that had collected in the fund’s kitty over the last two years following a change in some stringent guidelines that were not allowing them to take funds from the FFS earlier , a government official told BusinessLine. “The DIPP now wants the Finance Ministry to increase its allocation for the FFS this year from the prescribed annual ₹1,100 crore to a higher amount to compensate for the lower allocations in the past two years,” the official said, adding that it may demand a total of ₹2,200 crore. Stiff guideline “It was not proper to force them to put their entire money only in start-ups, which are high risk ventures. " Talks with FinMin Source. Advantages of Registering a Private Limited Company. A company is an incorporated association of persons created by law to carry on the expressly laid down objectives.
A company exists on in the contemplation of law. It may be formed by an act of parliament, or by Royal Charter or by registration under the company law. A company has perpetual existence i.e. the existence of a company can only be terminated by law and not by the death, retirement, insanity of its members. Advantages of a Limited Liability Partnership. Limited Liability Partnership (LLP) is a corporate business vehicle that provides both the benefits of a company and flexibility of a partnership firm i.e. limited liability and allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. Limited Liability Partnership entities, the world wide recognized form of business organization has now been introduced in India by way of Limited Liability Partnership Act, 2008. LLP has its own advantages when compared to the traditional partnership and the Private Limited, as it picks the better of these two structures in one solid viable package.
It tackles various challenges that an entrepreneur faces when using a traditional partnership structure. What is Debt-Based Crowdfunding? The word crowdfunding gained importance in the business world of late, especially after the triumph of the first African-American president of the USA, Barack Obama who became the first presidential candidate to successfully raise funds for his election campaign via the internet.
What is Reward-Based Crowdfunding? Jason along with his friends had an idea of building super cool sunglasses with built in speakers and mic which will allow the users to listen to music and make phone calls. Know These Legal Requirements Before Starting an Online Business. The startup ecosystem in India has been witnessing an exhilarating growth in India backed by increasing smartphone and internet penetration. With further increase in internet service providers and the launch of 3G and 4G services, at affordable prices – the e-commerce, m-commerce & service industries are set to record even higher growth.
When The Client Decides To Not Pay For Services. While doing business there isn’t surely, a dearth of experiences that are difficult for the owner and the business. Examples of such experiences may be encounters with clients who will happily take advantage of every benefit you have to offer them, but when it comes time to pay up, they’ll refuse to do so. India Needs More Lawyers, Not Engineers. India needs more lawyers than engineers who can provide constructive solutions to the on-going problems and lead the society to progress and change. As per the recent reports released by various international organizations, India’s laggard social development has been outpaced by her neighbours like Pakistan, Sri Lanka, Maldives and Bangladesh.
10 Must-Checks Before Buying Property. Buying a property can be a tedious process. Divorce Laws in India. Beware of Jobishh.com Scam, Issued in Public Interest. RERA Vs. NCDRC: Who Will You Approach? RERA Vs. NCDRC: Who Will You Approach? Startup Definition Tweaked, Benefits to Now Flow for 7 Years. 8 Reasons You Must Register Your Trademarks in China. Spring is coming to an end, but it’s not too late to conduct a little spring cleaning.
First on the list: get your IP in order and register your trademarks in China. Documents You Must Check Before You Buy a House. Insolvency & Bankruptcy Code: In Simpler Words. Tips to Proofread Legal Documents. Here's What Will Happen If you Miss Today's Income Tax Return Filing Deadline. Data Protection in India and Europe: A Comparative Analysis. Copyright Infringement Law Suit. Benefit of RERA (Real Estate Regulatory Authority) Dissolution of Muslim Marriage Act. Son has no legal right in parents' house, can stay at their mercy: Delhi high court.
Rs. 500 & Rs. 1000 notes Scrapped by Modi. "Don't Give Something Terrible to Kids" Bill to Legalize Marijuana Cleared for Parliament. 6.54 crore Indians never attended school: Census. Voters have right to know edu qualification of candidates: SC. 7 Ways to Celebrate a Greener & Safer Diwali. Complete Ban on Chinese Firecrackers Enforced by Delhi Govt. Govt. asked to make CNG primary fuel for vehicles. 10 Indian laws that will make you go WTF! HIV Bill offers to end discrimination faced by HIV patients. The Movie Pink - A Fair Demonstration of Cross Trials. Hindu son can divorce wife if she tries to separate him from aged parents. 13 Civil Rights Every Indian Citizen Should Know. 50 Amazing facts about India sure to amaze you.
New driving laws approved by the cabinet. Heavy penalty for drunken driving. The Brexit story and how it will effect us. Forget China, India and the internet: economic growth is driven by women. #Startup India. #StandUp India. 10 Must-Checks Before Buying Property. Now Declare Job Creation Estimates To Avail StartupIndia Benefits. Divorce Laws in India. Beware of Jobishh.com Scam, Issued in Public Interest. RERA Vs. NCDRC: Who Will You Approach? Startup Definition Tweaked, Benefits to Now Flow for 7 Years.
8 Reasons You Must Register Your Trademarks in China. Documents You Must Check Before You Buy a House. Fundamental Rights & Duties of Every Consumer. Insolvency & Bankruptcy Code: In Simpler Words. Section 377 of the Indian Penal Code: In Simpler Words. GST- CGST, SGST, IGST: Rates, Benefits, Filing. Service Level Agreements: All You Need to Know. ESOP: Employee Stock Option Plan - In Simpler Words. RERA: Real Estate Regulatory Act- All You Need To Know.
How Freelancers Should Avoid Being Exploited For Their Skill. One Person Company in India. Medical Negligence: Guide to Taking Legal Action against your Doctor. 5 Common Business Disputes That Can Be Easily Avoided. Tips to Proofread Legal Documents. Here's What Will Happen If you Miss Today's Income Tax Return Filing Deadline. Dishonor of Cheque: Section 138 of the Negotiable Instruments Act, 1881. Facing Delayed Possession of Property? Cheque Bounce Case: All You Need To Know. P2P Lending - RBI's Stance on Peer-to-Peer Lending Platform.
Proposed Amendments To The Specific Relief Act, 1963 - Impact Analysis. The Draft National Digital Communications Policy, 2018. DELHI Government to Set up Police Complaint Authority to Hear Complaints Against Police Misconduct. Data Protection in India and Europe: A Comparative Analysis. Understanding the Concept of Cheque Bounce in India. Alternate Market Commission - A Boost for Startup Ecosystem. All You Need to Know About ANGEL TAX. How Partnership Clarity in the Early-Stages Increases your Immunity. How to Protect Intellectual Property - Strategy for Startups.
Sexual Offences Against Children & Its Penalties. What Are The Mandatory and Regulatory Compliance's For a Business? Largest M&A Deal- Walmart Takes over Flipkart. How to Sue a Builder.
Maternity Benefit Amendment ACT, 2017. Intellectual Property - Industrial Design. NET Neutrality Regime in India. Website Agreements and Policy Lawyers in Delhi tell you its importance. Searching for a lawyer for dispute resolution?
The reason why your startup requires company compliance lawyers. Find the top corporate lawyers in Gurgaon. The Next 3 Steps After Company Incorporation.