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.
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).
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.
What Are Smart Contracts And Why They Are The Future Of Legal
What Are Smart Contracts And Why They Are The Future Of Legal The world is changing, and so are its trends. With the boon in technology and digital, every industry is adapting to changes open-mindedly. Same is the case with the conventional legal industry.
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:
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.
How Partnership Clarity in the Early-Stages Increases your Immunity
Author: Diksha Singh What is a 'Partnership'? A partnership is an agreement in which two or more parties are involved in the management and operation of the business. It can be of two types such as limited liability partnership and a general partnership commonly known as unlimited liability partnership in which the liability of the partners are unlimited and all the partners are held responsible for the misconduct of any one partner. Some of the partners are also known as silent partner who is not involved in the management and day to day activities of the business.
How Freelancers Should Avoid Being Exploited For Their Skill
Of late, the economies around the world are witnessing a drastic change in the form of employment from traditional to independent employment. Freelancers are independent workers serving multiple clients, temporarily hired for short term projects. With complete independence, they work on their own terms and let their creative juices flow without hindrance. The prospect of unparalleled freedom offered by freelancing is its most attractive feature. However, this independence comes with its own baggage of complications and risks. Unlike a corporation, freelancers are more vulnerable to exploitation due to lack of legal protection.
How to Protect Intellectual Property - Strategy for Startups
>Introduction Intellectual property protection should be one of the foremost concerns of a nascently set up entity, particularly a startup. Intellectual property refers to innovative creations arising out of one’s or a team’s intellectual exercise.
A Guide To Effective Dispute Resolution For HR
A Guide To Effective Dispute Resolution For HR In this competitive world, working with people coming from different backgrounds, and of different age groups, varying experience, we’re likely to have different set of values, needs, and goals and opposite interests. If there can be disputes between family members, friends and acquaintances, workplace disputes shouldn’t come across as a surprise. Reason being different set of people function differently, and uncommon interest and opinions are not unlikely. The thing with disputes is that they cannot and should not be ignored. They’re capable of disrupting relations, and can cause tremendous damage to business, company culture, work culture and an individual’s mental health.
Sexual Offences Against Children & Its Penalties
Author: Diksha Singh The Protection of Children from Sexual Offences Act (POCSO Act) 2012 was enacted to prevent children from sexual abuse and sexual exploitation. This Act of parliament received the President assent on 19th June 2012. Any person who is below the age of 18 years is considered to be a Child and will get protection under this Act. Various forms of sexual abuse has been defined under this act and it prescribes the punishment for all. Sexual abuse under this act is categorized as Aggravated, when the offence is graver in nature or is committed by specific member such as any member of armed forces or a person entrusted with the management of the child like any member of the family, doctor or a teacher that may be Government or private.
