The Core Objectives of the RBI
The Reserve Bank of India or RBI is the Central Bank of India which comes under the Finance Ministry of India. It was established in 1935 by the British government in accordance with the Reserve Bank of India Act, 1934, as a private central bank to British India, and was eventually nationalized by the independent […]
Designated Partner in LLP: Roles, Responsibilities, and Benefits
Management of the business operation and administrative affairs comes under the purview of a designated partner in LLP. An LLP combines the limited liability benefit of a company, the flexibility characteristic of a partnership, as well as favorable taxation provisions, turning it into a distinctive form of conducting business. The designated partners oversee the functioning of the […]
Legal Caveat: Exploring Their Role and Application
In the complex realm of law, legal caveats stand as formidable sentinels, bearing the Latin warning “caveat” which means “let him beware.” These legal notices serve as critical safeguards and preemptive measures in various legal contexts, bestowing notice, preserving rights, and averting unforeseen complications. In this exploration, we’ll delve deeper into the world of legal […]
Bail Application: Procedure, Grounds, and Legal Aspects
Bail is a legal concept and process where a person who is accused of committing a crime is released conditionally from legal custody while their case is pending. The accused is released on various conditions and stipulations, with the promise that the accused will appear in court when summoned. The bail is granted by the […]
GST Registration: Key for Business Compliance in India
The implementation of Goods and Services Tax (GST) in India has brought about a significant shift in the tax landscape, unifying multiple indirect taxes into a single regime. One of the foundational steps for businesses to operate legally under Goods and Services Tax is obtaining Goods and Services Tax Registration. This article provides an in-depth […]
Understanding GST Registration: A Comprehensive Guide
GST is a digitalized form of VAT where you can also track the goods & services. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed […]
