Introduction The term “foreign ownership of Subsidiary” implies that the company is operating overseas and its headquarters are in another country which is known as the parent company. It is the dominant company which itself holds 100% stock of foreign subsidiaries known as Wholly Owned. Foreign ownership can also be termed as overseas where legislation…
Holding company A holding company is a company who has control of different subsidiaries. The primary business of a holding company is that they hold a controlling interest in the securities of different companies. It does not produce any goods and services but it holds shares of other companies to form a separate group or…
The Indian Partnership Act, 1932 or simply, The Partnership Act, 1932 is an act enacted by the Parliament of India in the year 1932. It received the assent of the Parliament on 8th of April, 1932, and the act commenced on 1st of October, 1932. What is a Partnership? A partnership is established when two…
Introduction:Corporate social responsibility is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis. Social responsibility of companies was defined as responsibility to consumers, workers, stakeholders and the community. The aim of social responsibility is to create higher standards of living,…
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…
Introduction: A Partnership is a legal relation between persons who have agreed to work together to perform certain business activities. The persons in a partnership have agreed to share the profits in the desired ratio of the business carried on by all or by some of them. A Partnership is defined as the relationship between…
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…
Definition Digital Signature Certificate or popularly known as DSC are basically the softcopy (electronic format) of a physical signed copy of a certificate such as Aadhar card, Voter Id card, Driving license, and so on. These are usually in pdf format and can be stored in smartphones or PCs. This method reduces the necessity of…
