8 things you must be aware of if you are a startup
Legal

8 things you must be aware of if you are a startup

As entrepreneurs, we want to innovate, experiment and do every thing possible in a different way. In this fast-pacing world, survival is the most important element for any new business that is being set up or is already there in the market. But, when it comes to legal structure, I'm sure nobody wants to run their brains and would keep it as simple as possible. 

Continue Reading about 3 months ago
September 2019 Current Affairs
Legal

September 2019 Current Affairs

“Global Goalkeeper Award 2019 ” By: Bill and Melinda Gates Foundation Winner: PM Narendra Modi for Swachh Bharat

Continue Reading about 3 months ago
Sources of the Indian Constitution
Legal

Sources of the Indian Constitution

Indian Constitution is an essential and fundamental document that forms the basis of the Republic of India. It is the origin of the state, the government, citizenship, rights, liberty & justice. However, it is often criticized for not being original per se, because many of its provisions are borrowed from other countries.

Continue Reading about 3 months ago
Regular Scheme Under GST: Composition Scheme
Tax

Regular Scheme Under GST: Composition Scheme

Goods and Services Tax Act, which came into effect on 1st July 2017, has now replaced most of the indirect taxes in India, with a single tax. The GST Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. The new tax regime brought with itself a whole new set of procedures, which has not been easy to adapt to, initially. While the big business is capable enough the get the expertise and professional services to cope up with the complexities, the case may not be the same with the smaller ones. To provide for an alternative option to the smaller businesses, the Regular Scheme Under GST- Composition Scheme has been launched.

Continue Reading about 4 months ago
What are the principles on Which WTO Functions?
Legal

What are the principles on Which WTO Functions?

Everybody knows WTO as that body which governs the global trade. Though it might not be because it regulates international trade only between the member states. Since there are 160 members and 95% of the world trade, it is more or less accurate that WTO is the regulator of international trade. 

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9 Best Practices on Contract Vetting
Legal

9 Best Practices on Contract Vetting

If you look at two different agreements for similar purposes, let's say two sale purchase agreements or two credit agreements, you will find them to be similar to quite an extent. On the surface, drafting agreements seems like an easy job once you know the format and essential clauses.

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Benefits of Startup Registration
Legal

Benefits of Startup Registration

As the governments of the day have started to recognize the importance of entrepreneurs and the businesses and intent to actively support them, we are now entering an era of innovations. As the Indian government is coming forth with multiple initiatives, the environment for starting up is growing warmer each day. It is only smart to stay updated about the government policies and plan accordingly.

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Intricacies of the Employee Contract
Legal

Intricacies of the Employee Contract

One of the first agreements that people enter into as adults mostly include employment agreement. It is natural to have limited knowledge of how the agreements work, let alone the  employment agreement. This gives rise to a certain fear while signing because well, the agreements tie you into liabilities. In general practices, the employees are restricted by such agreements to mandatorily serve for a certain amount of time. There are other obligations as well, which are brought upon the employees through the employment agreement. It is important to analyse any agreement before signing it. Therefore, we have decided to quickly explain the important parts of every employment agreement, which is currently in practice with modifications according to different industries. If you look for certain clauses in the document, you shall be able to get a hold of liabilities the agreement is looking to put over you and make an informed decision.

Continue Reading about 4 months ago
When to look for booking profits or when not to look for booking profits in the stock market?
Investing

When to look for booking profits or when not to look for booking profits in the stock market?

The whole and sole idea of investing in stocks is to make profits. But, when should you look at grabbing profits and when not to look for profits in the stock market is a science that needs to be learned. Should you be banking on profits when the stock market is hitting a peak? Or, should you hold back on to the investments longer for the profits to multiply?

Continue Reading about 9 months ago
What is an opportunity cost?
Investing

What is an opportunity cost?

 Opportunity cost refers to an unrealized loss incurred due to missed opportunities. Opportunity cost is the cost of not choosing the next best available alternative.

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ZERO EMI with ZERO interest – how is it possible?
Investing

ZERO EMI with ZERO interest – how is it possible?

Do you know that there is no cost EMI offered by the largest e-commerce websites of India, Viz Amazon, and Flipkart? Yes, no-cost means that there is zero interest, zero down payment, and zero processing fee needed to process the EMI. Wow! That looks so lucrative but how do you think is this possible? If you remember, RBI had notified on 17th September 2013 that no financial institutes can offer ZERO percent interest loans. So, how do you think e-commerce websites manage to provide no-cost EMI with absolutely free interest.

Continue Reading about 9 months ago
3 most important things about the Stock Market
Investing

3 most important things about the Stock Market

Compounding Machine: The BSE SENSEX has compounded at a rate of roughly 15% over more than three decades. So, it is safe to conclude that it is the inherent nature of the stock market to rise continuously in the long run in country where the economy is developing. There are two critical  components in this explanation - 

Continue Reading about 11 months ago
Difference between MoU and Letter of Intent
Entrepreneurship

Difference between MoU and Letter of Intent

Memorandum of understanding abbreviated as MOU and letter of intent as LOI, are two different terms but they somehow seem similar and people often get confused over it. This article tries to explain the difference between the two.

Continue Reading about 1 years ago
Memorandum of Understanding| Explained
Legal

Memorandum of Understanding| Explained

It is essential that before entering into a contract the parties to the contract reach an understanding on the same level. This requires that the parties agree in the same manner to the same thing. Ironing out all such minor details at the time of entering into a contract is necessary. However, sometimes the parties to the contract may just want to formulate a preliminary agreement that establishes the relationship between them but at the same time gives them some leeway which a formal contract may not. Such a preliminary agreement is called a memorandum of understanding.

Continue Reading about 1 years ago
Civil and Criminal Remedies in Cheque Bounces
Legal

Civil and Criminal Remedies in Cheque Bounces

For a lot of day-to- day transactions, a cheque may be used by a person for the payment to the other party. A Cheque is a negotiable instrument. It is a document that orders a bank to pay a specific amount of money from the holder’s account to the person whose name has been mentioned on the cheque. The person who is writing the cheque is known as the drawer. A cheque can be viewed as a type of bill of exchange; it came into use mainly to avoid the need of carrying large amounts of money. A cheque can be issued by and in favor of both natural persons as well as legal entities. 

Continue Reading about 1 years ago
Annual Mandatory Compliance for PLCs
Legal

Annual Mandatory Compliance for PLCs

Generally, people opt for private limited companies due to less formality. It is the most popular and well-known form of start-up. However, some of the mandatory compliances which are pre-requisites are needed to be followed every year.

Continue Reading about 1 years ago
Essentials of Valid Contract
Legal

Essentials of Valid Contract

A contract is the foundation of a civilised world. The law relating to contracts in India is contained in Indian Contract Act, 1872. A Contract is simply an agreement between two or more persons to do something. Each contract creates a binding duty on the contracting parties. The Indian Contract Act deals with the enforcement of these rights and duties upon the parties in India.

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Registration of One-person Company
Entrepreneurship

Registration of One-person Company

One-person company is a proficient way to start a company. The concept was introduced in India through Companies Act, 2013. It is a method of self-employment introduced to boost up the economy of India.

Continue Reading about 1 years ago