Limited Liability Partnership (LLP) – The Basics
A Limited Liability Partnership is an entity that combines the benefits of a traditional partnership and a limited liability company. It provides individual partners with the advantages of limited liability, perpetual succession, and protection of personal assets. LLPs have become popular business structures, offering an alternative to unlimited liability partnerships and limited liability companies. The […]
Gumasta Licence – A step by Step Guide
The Gumasta Licence, also known as the Shop and Establishment License, is a crucial legal requirement for any commercial establishment operating in India. It is a certificate of registration issued to business owners, allowing them to carry out their commercial activities within the purview of the law. This license serves as a fundamental aspect of […]
The Protection Provided by Law Against Cruelty in Marriage
In India, the issue of women experiencing abuse from their husbands or in-laws continues to be a pressing concern. The incidence of such cases is on the rise. Acknowledging the gravity of this problem and bringing perpetrators to justice, Chapter XXA was incorporated. This chapter introduced Section 498A, titled “Cruelty By Husband or Relatives of […]
Debt Recovery Law in India
Debt Recovery: An Introduction ‘Debt recovery’ according to the Black Law Dictionary refers to legal procedures and approaches used to reclaim money loaned to someone else. In simpler terms, it involves legitimate methods to retrieve extended funds, with or without interest. Initially, India’s insolvency laws were limited to the Presidency Towns Insolvency Acts of 1909 […]
