While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the moratorium on legal proceedings and the relaxation of/exemption from statutory provisions or approvals.
The term that has assumed relevance in contractual context today for businesses is “force majeure”.
The Code has expanded the definition of “employer” as well as “employee”, resulting in a broad based applicability of the regulations and is now applicable to employees in both organised and unorganised sectors.
Registering a LLP requires an Application for Digital signature Certificate, Designated Partner Identification Number, Reservation of name of the LLP and finally Registration of LLP.
OPC under the Companies Act, 2013 is a separate legal entity having perpetual succession, which is required to be registered as per the provisions of the Companies Act, 2013.
There are special provisions for the shifting of a registered office to another State or Union Territory, within the same state under the jurisdiction of the same Registrar and shifting of registered office from the jurisdiction of one RoC to another RoC in the same state.
A co-founders’ agreement outlines the rights and responsibilities of the co-founder that can help in avoiding any conflict that might arise among co-founders in future.
Thanks to the structural changes brought about by the GOI, incorporating a company has now become much easier and streamlined.
The recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquidation process.
Trademark serves as defence mechanism to protect an MSME’s brand from loss of reputation, retaining a good trustworthy relationship with your existing and potential customers.
The registration process will be in addition to the Directors Identification Number, where a KYC process was recently undertaken.
Implementation of KAMs in true spirit will certainly strengthen the faith on Chartered Accountants and also add value to the organization having strong foundation of transparency and corporate governance.
As more and more people participate in the digital economy, there is a need for countries to develop a framework to regulate and to get a 'fair' share of taxes from the revenues generated by such businesses.
Pune based IT Company Destek Infosolutions Pvt Ltd has raised an amount of 2 Million in seed funding round for one of its platforms, LegalNextt - An Extensi...
The combined effect of sections 143 and 143A would mean that, not only the Drawee can impress and urge upon the trial court to expect a speedy trial, but also to grant an interim compensation of 20 per cent of amount of cheque as a partial recovery.
The CAIT claims that the acquisition will give Walmart incentives to block a section of the market to certain seller’s thereby reducing competition in the market.
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