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Restrictions on formation of LLP with Manufacturing Activities withdrawn by MCA

1. MCA Issued Circular bearing Vide OM No. CRC/LLP/e-Forms Dated 06.03.2019 directing that incorporation of LLPs and conversion into LLPs with the proposed business activity(ies) including manufacturing & allied activities are not to be allowed. It stated that the LLPs as body corporate has been set up for the purposes of carrying ou...

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Posted Under: Corporate Law |

TReDS all Compliance required for registration

TReDS = A Gateway of Finance for MSMEs Seller With the daily changes in the laws taking place around us, a new concept of Trade Receivables Electronic Discounting System i.e. TReDS has been introduced with the MCA notification dated 02.11.2018 which mandates all the companies with turnover of more than Rs 500/- crore to register […...

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Posted Under: Corporate Law |

SWAYATT & Start-up Runway : Doing business with Government

In a vibrant economy like India, government constitutes one of the largest consumer. Public procurements are lucrative source of revenue for any business. However, because of complex eligibility norms and non-transparent selection process, often well-established and large business entities bag government contracts. In order to bring trans...

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Posted Under: Finance |

Restriction on LLP for Manufacturing Activities Withdrawn

In India, the concept of Limited Liability Partnership (LLP) was introduced in 2008 with the introduction of Limited Liability Partnership Act, 2008. Incorporating LLP has a blend of the benefits of a Company and a Partnership Firm namely limited liability feature of a company and the flexibility of a Partnership firm. Considering the up...

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Posted Under: Corporate Law |

From Ad-Hoc to Institutional Arbitration: Need of the Hour

Responding to the claims of inefficiency and unpredictability of the Arbitration Act, 1940, the Indian Government enacted the 1996 Arbitration and Conciliation Act based upon the UNCITRAL Model Law. The new Act reflected the Parliament’s will to expedite the arbitration process, modernize the arbitration regime, increase acceptance to p...

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Posted Under: Corporate Law |

Selection of Suitable Form of Business Enterprises – An Effortful Decision For Success in Business

Whenever a person wants to start a business or venture, then a big question after deciding the nature of business and capital investment is that what should be the form of business. Whether to do alone by going for sole proprietorship business or to start partnership firm with someone. And further, if it is partnership […]...

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Posted Under: Corporate Law |

Will your pension go up if Supreme Court Decision is implemented in full?

The Supreme Court has on 1st April  2019 has rejected the Special leave petition filed by EFPO against the decision of Kerala High court on quantum of pension payable to an employee after his retirement under employee pension scheme (EPS) 1995. This decision has generated wide spread interest in people working in organised Sector as [&he...

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Posted Under: Corporate Law |

Corporate Social Responsibility through Registered NGOs

Corporate Social Responsibility And Selection Of Organisation (NGOs) For Partnership; We Indians have charity inherited in our heart, we have grown by seeing that our fathers’ and forefathers’ are donating in various temples, mosques, gurudwaras and churches.  We are donating or doing philanthropic works without knowing that ...

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Posted Under: Corporate Law |

Nyay or Anyay a Bhagwat Gita Analogy

A recent political propaganda is going viral and drawing glares across the country: ‘Under the ‘Nyay’ scheme, Nyuntam Ayay or Minimum Income of Rs. 6000 per month (Rs. 72000 annually) would be directly credited to the Below-Poverty-Line families resembling 20% of India’s poor families. Honestly speaking, on the basis of ration...

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Posted Under: Corporate Law |

Analysis of recent changes by MCA, SEBI, CBDT, RERA & CBIC

MCA Amendment No. 1: Filing of DIR-3 KYC required on an annual basis: It has been clarified by the MCA on 13th April, 2019 that DIN holders are required to file the DIR-3 KYC Form every year, so that they are aware of and confirm the data and information as available in the MCA21 system. MCA has mentioned […]...

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Posted Under: Corporate Law |