Legal Implications of Dissolution Deeds
Dissolution of deeds are also known as Dissolution agreement or settlement agreement are legal document which are used in many contexts which include business, joint venture and other collaborators. It legally ends up or terminates the relationship between any parties which are involved in the business. For any partnership or company it is a process […]
Common Mistakes to Avoid While Drafting a Partnership Deed
A partnership deed is an important document which plays an important role for establishing and functioning of a Partnership. A partnership is structured business which is characterized by simplicity, sharing the ownership and collaborating two or more individuals/entities for conducting a business for profit. Partnership Deed is a cumulative written agreement which outlines the terms […]
Legal Implications of Operating Without a Trade Licence
Preventing businesses from doing any activity which results in any unethical practices, it has been made a mandate to acquire a valid Trade Licence in India before the start of any business or any trade activity. All business individual who engage in business activity shall acquire a Trade Licence. Legal Framework All Business have to […]
The Objectives and Functions of the Reserve Bank of India
Reserve Bank of India or RBI as we know it is the statutory body which acts as the Apex or central bank of the country which handles the country’s growth and economic stability. It is responsible for managing the monetary policies of the government. One of the important objective of RBI is being the Bank […]
Rights and Responsibilities of a Patent Holder
Patent is a extra special right given to inventors for their creations. This term patent comes from the Latin word which means ‘To lay open’. In Bharat, rules for the patent are given in the Patents Act, 1970. It provides exclusivity rights to patentee for a specific period. In order to get these the inventor […]
How to Simplify Your ITR Filing Process
Filing an Income Tax Return (ITR) is a mandate in many countries, where all individuals and businesses are needed to report their annual income and taxes to government. Where taxpayers do the ITR filing, they provide detail information about income sources, deductions, exemptions and tax liability. This is crucial information for the tax authorities for […]
Doctrine of Indoor Management in Company Law
The Doctrine of Indoor management is also known as Turqand Rule or the ‘Article of Association’. It is a 150 year old concept through which outsiders are protected by the action of the company. A person who enters into a contract with company should ensure that the transaction is authorised by articles and memorandum of […]
Demystifying Debenture Redemption Reserve: Purpose and Regulations
A loan where a company borrow money from the general public and the private institutions. Individuals/Institutions receive interest and the principal amount on maturity or defined intervals. The debenture redemption reserve (DRR) is a provision which is a mandate by RBI for protecting the investors in case Payment Defaults. All the businesses require funds for […]
A Step-by-Step Guide to Drafting an Effective Partnership Deed
A legal document which outlines the terms and condition of a partnership is called a ‘Partnership Deed’ it acts as a contract between partners which specify the roles, responsibility and rights of all partners involved in the business. Partnership deed are typically used in general, limited and limited liability partnership. For understanding every partner’s roles […]
Key Elements to Include in Your Partnership Deed
In Today’s global market, most of the business owners are choosing for a business solely while some want to do partnership business. As per the individual’s path of doing business, the business proceeds. For individual owner, all business related decision are made by a single person. While on the other side, if the business is […]
