A partnership is a type of business structure where two or more individuals share ownership, responsibilities, and profits. While partnerships offer several advantages, such as shared responsibilities, combined expertise, and ease of formation, they also come with significant disadvantages. The drawbacks of a partnership can affect decision-making, financial security, legal liability, and business continuity. Disadvantages […]
In the world of company law, meetings are key for good corporate governance. The Companies Act, 2013, says meetings are vital for making decisions and running a company. They give stakeholders a chance to talk and decide on important issues. These meetings are important for keeping things transparent, accountable, and fair. This is what good
In India, company law sets the rules for winding up a company. There are two main ways: Winding up by the Tribunal and Voluntary winding up. The Companies Act, 2013, spells out these rules. Knowing these laws is key for companies in India to handle the process smoothly. Winding up a company in India means
We know how important associate companies are for businesses in India. The country’s tech sector is worth $245 billion. Empower, a trusted partner, excels in IT and renewable energy. By teaming up with an associate company, businesses can grow and succeed. Empower says associate companies are key for businesses in India. Their team has decades
We will explore the importance of Schedule 3 in Indian corporate law. It outlines the needs for financial statements, like the balance sheet and profit and loss account, under the Companies Act 2013. The purpose and scope of Schedule 3 are key to ensuring transparency and accountability in financial reports. Understanding Schedule 3 is vital
We’re excited to share our knowledge about the Memorandum of Association. It’s a key document in Company Law in India. This document is vital for starting a company, as the Companies Act, 2013 requires. We’ll cover the main clauses of the Memorandum of Association. This guide will help you understand and follow Indian company law.
Compulsory convertible debentures, or CCDs, are becoming more popular in corporate finance. They have been used in India for foreign direct investment purposes for over a decade. These instruments start as debt but turn into equity after a set time. They offer benefits to both companies and investors. CCDs mix the features of debt
The board of directors is key in shaping a company’s future. It has two main types: executive and non-executive directors. Executive directors manage the company day-to-day. They make decisions and handle daily tasks. On the other hand, non-executive directors offer outside views. They guide and oversee without getting involved in daily work. Knowing the difference
In the world of company law, auditors are key to keeping finances clear and honest. The Companies Act, 2013, sets rules for who can be an auditor and when they can’t. To be an auditor, one must be a certified chartered accountant with a valid Certificate of Practice. The rule of disqualifying auditors is vital
Industrial Relations is key in today’s business world. It deals with the connections between employers, workers, and the government. It affects how workplaces work and the economy grows. The International Labour Organisation (ILO) says it’s more than just unions and management. It also includes things like wages, productivity, and social security. Looking into Industrial Relations