LLP stands for Limited Liability Partnership, and it combines the advantages of a corporation with the flexibility of a partnership. Regardless of changes in partners, a Limited Liability Partnership can continue to exist. It has the ability to form contracts and possess property in its own name. Limited Liability Partnership is a separate legal organization…
Corporate frauds have emerged as the biggest risks which companies are exposed to, and are increasingly becoming a big threat. Incidents of frauds are increasingly at an alarming rate and in the process: Destroy the confidence of investors in stock markets Results in enormous destruction in wealth of investors Damage the reputation of the affected…
Corporate governance is defined as the system of rules, practices, and processes by which a firm is governed. It primarily involves the balancing of interests of the company’s stakeholders i.e. the shareholders, senior level management, suppliers, customers, government and other related authorities. Corporate governance inside a company is majorly overlooked by the board of directors,…
In a country like India, there is a bunch of creative ideas in people’s mind which can be turned into a business or has the power to change the entire world. But it is true that ‘To earn money, you need money. This is one of the strongest reasons due to which many innovations can’t…
Corporate social responsibility (CSR) refers to a company’s ongoing commitment to incorporate social and environmental concerns into its operations. Changes in the global environment are forcing businesses all over the world to look beyond their financial results and integrate social and environmental concerns into their strategic planning. The Companies Act of 2013 took effect on…
INTRODUCTION: “The practitioners of evil, hoarders, the profiteers, the black marketeers, and speculators are the worst enemy of our society. They have to be dealt with sternly. However well placed important and influential they maybe, if we acquiesce in wrongdoing, people will lose faith in us.” …
We used to talk about a lot of things, and very few times it was related to the study. We even made a special WhatsApp group for our close friends. We used to do some really interesting chats there. Many of the boys from that group started flirting with girls, and many tried flirting with…
Proprietorship is a popular type of unregistered business entity owned, managed, and controlled by one person. Most of the micro and small businesses operating in the unorganized sectors prefer registering a Proprietorship. What is Sole Proprietorship in India? Sole Proprietorship is simple to start and has very few regulatory compliance requirements for conducting the operation.…
The Indian Trusts Act, 1882 (hereinafter referred to as ITA) is the statute that contains the laws relating to private trusts and trustees. A trust, as defined in the interpretative clause (Section 3 of the ITA) is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted…
Despite the fact that corporate governance concepts emerged in the outer systems of U.S. and U.K., they’ve been transplanted to many other countries as well. The transplantation has also been noted in insider systems that involves shareholding structures, and norms and practices of corporate governance. The development and emerging economies during the 20th century had…
