Outsourcing Accounting Services: The Benefits and Drawbacks
In today’s changing global scenario, making the most efficient and aligning the costs is much important for success. An area where many of the companies are searching major advantages is outsourcing the accounting services and bookkeeping services. But the question comes to mind whether its right to give accounts and book keeping services to an […]
Common Mistakes to Avoid in Legal Drafting
First step in doing a business or for an agreement between two or more people for operating smoothly and systematically is a well drafted Contract. Contract are legally binding agreement which set particular requirements to fulfill. It guarantees that the terms and conditions are accepted by both parties and that everyone is having same knowledge […]
Understanding the Importance of ITR Filing for Financial Health
Income Tax is tax which is imposed by government on income earned by individual businesses and other entities in its jurisdiction. This is calculated on percentage of Income and rates which can differ depending on the income level and the tax law in the country. Income tax is a major source of revenue for government […]
Understanding GST Return Filing: A Comprehensive Guide
This Blog is written by Deepika Muthukrishnan. Goods and Service tax is indirect tax. It was introduced in 2017 and started a new tax regime which replaces the old tax regime in order to avoid many drawbacks like double taxation. Business owner who become eligible by crossing the set limit by tax authority then they shall […]
Voluntary Winding Up of a Company: Process and Legal Aspects
Voluntary winding up of a company is the process by which the company ceases to operate in orderly and controlled manner. This results in ceasing up operations and winding up the business voluntarily. It is started by the shareholders or members of the company when they find the company is not profitable. Procedure for voluntary […]
Partnership Deed: A Foundation for Successful Business Collaboration
Partnership Deed is a Document where two or more people come together for running a business. The required documents mentions all essential terms and conditions which are related to the business such as profit and loss. Many Business constitutes in partnership form. Terms and Conditions are mutually agreed, governing inter relationship between the partner. Partnership […]
Removal of Directors: Process and Legal Implications
Companies Act, 2013 provides the process for removal of directors from company. Director of a company is a core part of management and plays an important role in functioning and the decision making process. Although, in some cases it becomes necessary to remove a director cause of different reasons. Directors of a company have are […]
Well-Known Trademark: Understanding its Legal Significance
Well known trademarks are famous mark, logo or any symbol which represents a brand and the hard earned goodwill and the reputation. It becomes a much known mark depending on the following:- A. The degree of recognition it receives in the relevant area B. Duration of getting that recognition C. Extent and Geographical area of […]
How to Draft a No Objection Certificate (NOC): A Step-by-Step Guide
No Objection Certificate are document which are issued by an individual, organisation or government entity which acts as an evidence of consent or lack of objection to a particular action, request or situation. NOCs are generally used in many context such as Travel, Business Transactions, Property dealings, employment and education. This document acts as important […]
Power of Attorney Drafting: Safeguarding Your Interests
Power of Attorney drafting is a crucial process to draft a POA by a legal professional for his client. Its a legal document which provides a person with authority for acting on behalf of any other person in different legal and financial matters. The person who grants the authority is the principal and the person […]
