COVID-19 is a contagious pandemic newly discovered in the year 2019. The total number of cases in India till now have been 14.5 Million and 140 Million cases worldwide. The COVID-19 pandemic has affected millions of people throughout the world as it is a highly contagious disease. There is no security for life as it …
3rd July 2020 Know the basics MSME stands for Micro, Small, and Medium Enterprises. The intention of the Government to bring in the MSME Act was to provide large scale employment opportunities at comparatively lower capital costs than large industries. PROVISIONS TO RECOVER DUES MSME ACT? The Act provides for delayed and defaulted payments to …
Do you own MSME ? Get to know the special provisions to recover dues Read More »
What is Mutual Consent Divorce Divorce by Mutual Consent is the simplest way to dissolve the marriage under the law. It is where both the spouses mutually agree to separate from each other. It is necessary that both the spouses have to agree to the procedure together otherwise one of the spouses cannt apply for …
Step by Step guide to Mutual Consent Divorce and FAQs Read More »
What is a WILL? WILL is a document in which a person mentions manner in which the person’s property is to be dealt with after his/her death. WILL finds its place in the definition under Section 2(h) of the Indian Succession Act, 1925. A person who makes a WILL is called a testator (male) and …
Witness to a WILL Sec 63 of the Indian Succession Act, 1925 states that Will is required to be attested by two or more witnesses in presence of the testator (Author of the Will). What is “to attest”? The meaning of “attest” is that, the witness is required to execute his/her signature on the Will. …
Who can be witness to the WILL? and Who cannot be? Read More »
INDIVIDUAL INSOLVENCY Everyone is going gaga over the Insolvency and Bankruptcy Code, 2016 (“IBC”) which presently is only meant for Companies and LLPs. The Individual Insolvency provisions under IBC, 2016 are still to be notified and therefore not applicable. A recent Ruling of Bombay High Court wherein it declared the Promoters of a known Developer …
While Individual defaults are on the rise, What is the law for Individual Insolvency? Read More »
Scenario of recovery prior to IBC:- Before the enactment of IBC, creditors had the following legal remedies for recovery of debts from the Corporates: i) Summary Suit : The creditors used to pursue the option of filing Summary Suit under O.XXXVII under Code of Civil Procedure. The average time taken by a Civil Court is …
IBC Suspended ? What are the alternate remedies for recovery ? Read More »
There has been a lot of confusion over the rates of GST applicable to products or services. Above that, the WhatsApp forwards are further adding to the confusion. To clear the position on GST rates, Finance Minister Arun Jaitley has launched a mobile application called “GST Rates Finder” to assist the citizens who have purchased …
Our Prime Minister Shri Narendra Modi had introduced Startup India Scheme on 16th January, 2016 in order to promote entrepreneurship in the Country by providing special benefits to the startup ups such as tax exemption on capital gains on investments. The launch of the scheme got lot of media attention; however it was not well …
Startup Saturdays- Govt just made it easier to be called as Startup Read More »
I am sure you are confident about the venture you have chosen. However, it is equally important that you choose the right form of business type for your venture. In last few years the government has brought in many reforms which have made it easier for the entrepreneurs to run the business with minimal cost …
Want to start a Venture? Cannot choose right form of Business? Read on Read More »
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