Every person, who is engaged in any profession, trade, calling or employment and falling under any one or more of the entries enumerated in the Schedule appended to the below mentioned Act, is liable to pay Profession Tax. Such Tax on professions, trades, callings and employments is levied and collected as per Andhra Pradesh […]
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In India non profit / public charitable organisations can be registered as trusts, societies, or a private limited non profit company, under section-25 of Companies Act, 1956. Non-profit organisations (a) exist independently of the state; (b) are self-governed by a board of trustees or ‘managing committee’/ governing council, comprising individuals who generally serve in
Andhra Pradesh Societies Registration Act, 2001 Read More »
In India, the Industrial Disputes Act, 1947 is the main legislation for investigation and settlement of all industrial disputes. The Act enumerates the contingencies when a strike or lock-out can be lawfully resorted to, when they can be declared illegal or unlawful, conditions for laying off, retrenching, discharging or dismissing a workman, circumstances under which
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INTRODUCTION Regulation on payment of directors’ remuneration becomes necessary for several reasons, prominent among them being, prevention of diversion of corporate funds for personal use and unduly high executive rewards. For Public Limited Companies the provisions under Companies Act, 1956 and the Corporate Governance requirements as per the Listing Agreement, would regulate the remuneration paid
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1. Should FDI in multi brand retail be permitted? If so, should a cap on investment be imposed? If so, what should this cap be? We are of the view that 100% FDI should be allowed in multi brand retailing without any restriction. India’s commercial sector is rather underdeveloped compared with other countries. The entry
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Limited Liability Partnership – Incorporation Requirements Minimum Partners 2 (Two) Maximum Partners No Limit Minimum Designated Partners 2 (Two)* (Out of which at least 1 designated partner shall be resident in India) Designated Partners Identification Number (DPIN) All the designated partners shall obtain DPIN by filing eForm # 7 online on the LLP Portal Filing
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Limited Liability Partnership – Event based Compliances Head Section Complianc Penalty for Non-Compliance Procuring Designated Partners Identification Number 7(6) Every Designated Partner should obtain a Designated Partner Identification Number (DPIN) from the Central Government Every individual or partner , who is in default shall be punishable with fine which may extend to Rs 5000
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Limited Liability Partnership – Annual Compliances Head Section Compliance Penalty for Non Compliance Statement of Accounts & Solvency 34(2) The LLP shall with in a period of 6 months from the end of every financial year prepare and file a Statement of Account and Solvency with the Registrar in eForm # 8. The LLP
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1. Which is the best suitable business organization? Answer: A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right
Formation of a Company Read More »
1. Where are the guidelines pertaining to overseas investment available and from where one can get clarification for the same? Answer: The guidelines have been notified by Reserve Bank of India vide Notification No. FEMA 120/2004-RB dated July 7, 2004, as amended from time to time, which can be accessed at the Reserve Bank’s website fema.rbi.org.in. A Master