A Non-Governmental Organization formed to encourage art, research, education, etc. is known as Section 8 Company. The profits earned by this business format are invested back to promote the activities of the company. However, like every corporate entity, this company also needs to file Annual Returns on the MCA Portal. In today’s blog, we will […]
An MOA (Memorandum of Association) is a legal document required for the registration of a company. This document defines the relationship between the shareholders, directors, and company. Further, the mission, vision, and objective of a company are also covered in this document. In this blog, we will talk about the process for the alteration of […]
A Society is an association of few individuals, who have decided to work and act for some common purpose. Further, it is registered mainly for the progress of charitable activities. In India, the Societies Registration Act, 1860, is the governing law for the societies. In this blog, we will talk about the concept of “Society […]
A company is an artificial person who has no body or mind, and it needs human agents or trustees to perform its action. The term “Human Agents” over denotes “Directors” of a company. A director acts as a brain for a company and is responsible for managing its affairs. In this blog, we will discuss […]
The RERA 2016 aims at protecting the home buyers from the unlawful activities of the builders. It also provides a complaint redressal system if the promoters or agents fail to comply with the Real Estate Laws. Both Promoters and Builders are tasked with several responsibilities under the RERA Act. In this blog, we will thoroughly […]
Goods and Service Tax or GST Act is one of the significant reforms in the Indian Financial Sector. However, the feature that became the talk of the town was the mechanism of Input Tax Credit (ITC). ITC means a person while paying tax on sales can reduce the tax already paid at the time of […]
The term “LLP Agreement” denotes a written agreement signed by the partners of an LLP. This agreement acts as a binding force for the partners of the firm. Further, the term “Binding Force” denotes the set of rights and duties mutually decided by the partners of the firm. In this learning blog, we will discuss […]
Nowadays, the dynamics of the corporate sector tends to changes swiftly. As a result, every corporate entity is relentlessly trying different way-outs to sustain in the market. One such way-out is the change of name of the company. Any limited company, whether private or public, can change its name after obtaining the consent of all […]
At present, the structure of Indian Corporate Law seems to be troubled by a plethora of scams, right from the famous Satyam Computer Services Scandal a decade ago to recent Nirav Modi Scam[1] . Post-Satyam scam[2] , the Indian Government decided to revamp the corporate regulatory framework a bit. Therefore, enacted new legislation, known as […]
Loans have become an essential part of availing immediate financial assistance, be it for personal use or business purposes. Loans may be used to boost business, handle some personal emergency, purchase some property or uplift the borrower’s living standards. Earlier, traditional banks were known to dominate and lead the Indian financial sector. However, in the […]
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