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…
INTRODUCTIONIn this project we shall be dealing with the Transfer of shares. Transfer of shares means the voluntary handing over of the rights and possibly, the duties of a member (as represented in a share of the company) from a shareholder who wishes to not be a member in the company any more to a…
A company is born when several people come together to achieve a specific purpose or work together towards a particular goal or objective. They are generally formed for the earning of profit from business activities. Seven or more persons coming together forms a public company, whereas two or more persons can join hands to form…
Before talking about lifting the corporate, the important thing to know what a “Company” is. According to Sec 3(1)(i) of thew Companies Act, 2013, a company means a company formed and registered under this Act or an existing company defined in sec 3(1)(ii) of this act. The company must be registered under the Companies Act…
White collar crimes are nonviolent crimes performed primarily by businesses and government officials and are related to the corporate sector. White collar crimes are defined as crimes perpetrated by those who hold positions of power in a company.• It is a crime.• That is committed by an important person of the company.• Who enjoys a…
What is a memorandum of understandingA Memorandum of Understanding (MOU) is a non-binding agreement between two or more parties which outlines the terms of understanding between said parties. It establishes the roles and responsibilities to be carried out by each party and is often the first step towards a formal contract. Even though an MOU…
