The Companies Act: How to Become a Member of a Company?
A company comprising its shareholders, employees and other members together own the company. The initial members and shareholders of a company are known as subscribers. As per the Companies Act, 1956, a public company must have at least seven members and a private company must have at least two members. The Companies Act: Options for […]
Are you Dealing with Bounced or Dishonoured Cheque?
What is a Cheque? As per Section 6 of the Negotiable Instruments Act, 1881 provides that “a Cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated Cheque and a Cheque in the electronic form.” […]
Stopped Payment of Cheque: Can a drawer be held liable under S. 138
A stopped payment is usually requested if the cheque has been declared missing or lost. But many a times the drawer, to escape his debt or liability has used it as an instrument of deception. The 1988 amendment in Section 138 of Negotiable Instruments Act is also silent about Stopped Payment. The present paper reviews […]
Security Management and Complianes
Registration of a Public Limited Company
Registration of a Private Limited Company
POWER-OF-ATTORNEY
Introduction: In the modern world where commerce and industry have assured large and long roles to play , the need for entering into contracts of agreements in relation to business and other transactions have become a common and necessary feature of daily life. As man became busier it became more and more necessary for him […]
Legal guidelines required for starting a business in India:
A) Choose a Legal Business A person who wishes to start a business is first and foremost required to check and see whether the business which he wishes to start is a lawful business with a lawful object in the eyes of law that is; it is not prohibited under any law that is in […]
How to enter into an Arbitration agreement ?
An Arbitration agreement may be in the form of Arbitration clause in a contract or in the form of a separate agreement. An Arbitration agreement has to be in writing. The requirement as to Arbitration agreement being in writing is fulfilled ;- If the document is signed by the parties If the Arbitration is entered […]
How to do business in India
Very frequently asked question from visitors, especially NRIs and foreigners, who want to start Business in India. Here is a detailed standard procedure (Followed in the most of the cities, in some cities there may be some more or less processes) will take to start business in India, the paperwork involved and procedures for starting a […]