The Companies Act 2013 section 128 guidelines say companies must keep accurate books of account. These books should show the company’s assets, liabilities, and all transactions. This rule is part of section 128, which requires companies to keep detailed financial records for each year. The guidelines also state that these records must be kept using […]
When we talk about working together in business, we often hear about Partnership and Company. A partnership is when two or more people come together to share profits. A company, on the other hand, is a legal body made up of people working together in a business. Knowing the difference between these two is key
The Lifting of the Corporate Veil: Many of us don’t think much about limited liability protection in business law. It’s key that a corporation or LLC is seen as separate from its owners. But, courts can sometimes ignore this and make the owner personally responsible for debts. This is called lifting the corporate veil or
Layoffs can be tough and emotional, with many happening in media and tech. Companies like BuzzFeed, Insider, ESPN, Meta, Amazon, and Google have all cut jobs. It’s key to be ready and take action if you might lose your job. Building a strong career foundation is vital during uncertain times. Many people feel anxious when
Discover different types of Directors in Company and their roles under Indian Company Law. We explain key responsibilities, appointments, and legal obligations.
This article has been written by Mitushi More, a student of BA.LLB. VII Semester at Shri Vaishnav institute of law, Indore. Introduction The Securities and Exchange Board of India Act, 1992 is an act that was enacted for the regulation and development of the securities market in India. It was amended in the years 1995,
In our day-to-day life, we enter into numerous financial transactions involving significant amounts of money and other ailed components. With the increasing commercialization and globalization, the transfer of money has become an absolute necessity and all the entities ranging from small shopkeepers to large-scale businessmen are taking loans and other financial assistance to survive in
In the ebb and flow of economic tides, businesses, whether small ventures or large corporations, may face financial distress. When liabilities overwhelm, and debt continues to mount, companies often find themselves standing at a crossroads. Bankruptcy law exists as a beacon for such entities, providing a structured means not for their end but for a
Lawyers and advocates are the pillars of the Indian judiciary and these are known as the court officers. The advocates are the one who finds the mistakes in the law so that the court can take the process for the interpretation of statute. However, only an advocate has the right to represent his client in