One Person Company in India
Introduction First, understand the difference between Private Limited Vs. Limited Liability Vs. One Person Company Or search for Business Registration Lawyers.
Understanding the Concept of Cheque Bounce in India
Cheque bounces are considered as a Criminal offence in India .In this age of Internet where Internet Banking and Mobile Banking are used for Transferring Funds , there is a large section of population that prefers cheques .Dr . Gubbi Subba Rao explains the Dishonour of Cheque and Presumption in favor of the holder mentioned under sections 138 and 139 of the Negotiable Instruments Act , 1881. He also gives an exceptional view of Section 420 of the Indian Penal Code under which the punishment for Cheating has been provided according to which the person shall be punished with imprisonment of either description for a term which may extend to 7 years, and shall also be liable to fine . This video gives us the in depth knowledge of the consequences and the remedies for the same.
RERA: Real Estate Regulatory Act- All You Need To Know
An Insight into RERA RERA stands for Real Estate Regulatory Act. The bill was passed by the Rajya Sabha on 10th March 2016 and by the Lok Sabha on 15th March 2016. The Act came into force on 1st May 2016 with 59 of 92 sections notified. The Union Ministry of Housing and Urban Poverty Alleviation had given time till May 1st 2017, to formulate and notify rules for the functioning of the regulator and hence the remaining provisions came into force on 1st May 2017. The aims of the Act are-
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council
Dispute Resolution through Reference to Micro and Small Enterprises (MSME) Facilitation Council Author: Advocate Nishant Nigam and Associate Ankit Ahuja Any Micro or small enterprise having valid EM Part -II /UAM can apply to a ‘Micro and Small Enterprises Facilitation Council’ of a the state having jurisdiction to entertain the matter regarding dispute resolution where where any buyer fails to make payment of the amount to the supplier the buyer and such amount to due to be paid shall be liable to pay compound interest with monthly rests to the supplier on that amount from the appointed day from the date immediately following the date agreed upon, at three times of the bank rate.The State Government shall establish one or more Micro and Small Enterprises Facilitation Councils where such dispute resolution takes place
Medical Negligence: Guide to Taking Legal Action against your Doctor
Negligence is a tort, which is an uncodified law in India. It means that a person owed a duty of care to another person, the first person breached that duty as a result of which the second person got injured. For instance, A driver while driving owes a duty of care to all the people on the road, if he drives negligently and injures another person on the road. He had a duty of care and due to the breach of the duty the person was injured and hence he would be held liable to pay damages.
Alternate Market Commission - A Boost for Startup Ecosystem
Bhumesh Verma, Managing partner and Soumya Shekhar, Associate Introduction Startup eco-system carries vast potential for economic activity and revenue generation in India. It has the knack to change the dynamics of the Indian economy to a large extent. To make it happen, however is hugely dependent on proper monitoring coupled with timely measures to support the startup fraternity by providing appropriate incentives.
ESOP: Employee Stock Option Plan - In Simpler Words
What are ESOP’s? From being given to acknowledge and remunerate senior employees to using it as a consideration in the beginning to retain employees, since employers cannot afford to shed lakhs of money for remuneration, ESOP’s became essential for startups. Employee Stock Option Plans are the plans in which employees get the right to purchase a number of shares in the company at a discounted price (less than the market price). Companies provide their employees with stock ownership at a discounted price.
6 Mandatory Tax And Regulatory Compliances For Business
6 Mandatory Tax And Regulatory Compliances For Business Author: Associate Runa Jasia What is Mandatory Tax?
5 Common Business Disputes That Can Be Easily Avoided
What makes a smart manager stand apart from a manager is his vision and realistic bend of mind. All managers know that common business disputes , which go on to become expensive legal suits , keep the potential of damaging reputation of the business , almost breaking fiduciary relationships and taking away from the business a lot of vital resources. But smart managers know that these disputes, if are increasing alarmingly then they are also increasingly avoidable. The only reason why they grow to such an extent is because of the space given to such disputes that help them thrive. Smart managers, thus know why it is imperative to nip these disputes in the bud and they certainly know how that is supposed to be done.
All You Need to Know About ANGEL TAX
The longstanding request of the angel investors to exempt them from the ambit of “Angel Tax’ provision has finally turned into a reality. This was a bane particularly for the startup ecosystem growth. The Central Board of Direct Taxes (CBDT) has issued a notification dated May 24, 2018 exempting angel investors from the ‘Angel Tax’ ambit subject to the terms and conditions as specified by the Department of Industrial Policy and Procedure (DIPP).which is a boon to startup fraternity and will significantly boost the development prospects of the startup fraternity. The notification is retrospectively effective from April 11, 2018. The DIPP notification dated April 11, 2018 has exclusively quantified the following conditions to be satisfied by the startups for availing the ‘Angel Tax’ Exemption: • The worth of proposed issue of shares by the startup should not exceed INR 10 crore in aggregate the amount of paid up share capital and share premium;
Service Level Agreements: All You Need to Know
What is a Service Level Agreement? A Service Level Agreement (SLA) is an agreement between two or more parties, where one is the customer and the others are service providers. As the name suggests, it is an agreement that defines the terms of the service being offered to the customer.
The Benefits Of Arbitration As A Method Of Dispute Resolution.
The Benefits Of Arbitration As A Method Of Dispute Resolution. The Benefits Of Arbitration As A Method Of Dispute Resolution. Author: Advocate Nishant Nigam and Associate Shreya Negandhi Disputes are inexorable but combat is optional.
Tips to Proofread Legal Documents
Tips to proofread legal documents Proofreading legal documents There is no foolproof formula for perfect proofreading legal documents every time. Not only will proofreading eliminate embarrassing and careless spelling or grammar related errors, but it will also provide edits for clarity and comprehension.
