This article titled ‘Incorporation of LLP and Procedure.’ is written by Mayank Shekhar and discusses the concept of Incorporation of a Limited Liability Partnership and its procedure. Incorporation of LLP and Procedure I. What is a Limited Liability Partnership (LLP)? In India, the Limited Liability Partnership (LLP) Act was enacted in January 2009, and it quickly became popular… Read More »
This article titled ‘Roles And Responsibilities Of Independent Director Including Liabilities’ is written by Mayank Shekhar and discusses the roles, responsibilities and liabilities of an independent director. I. Introduction The Companies Act, 2013 governs independent directors in India (“Act”). In the board of directors of any publicly traded firm, at least one-third of the total number of directors must… Read More »
This article titled ‘The Effective Tax Rate for the Legal Entity decided to be set up.’ is written by Mayank Shekhar and discusses the effective tax rate structure for a legal entity to be set up. I. What is a legal entity? A legal entity is a recognised party with statutory rights and duties. Legal entities are entitled and… Read More »
This article titled ‘Setting up a Business Unit in a Special Economic Zone.’ is written by Mayank Shekhar and discusses whether a business should be set up in a special economic zone or not. I. Introduction Special Economic Zones (“SEZ”) have been formed in India with the goal of attracting Foreign Direct Investment (‘FDI”) and enabling native firms to… Read More »
This article titled ‘Whether to opt for a presumptive taxation scheme if it is a small business.’ is written by Mayank Shekhar and discusses the relevance of a presumptive taxation scheme for small businesses. I. What is the Presumptive Taxation Scheme, and how does it work? The government has implemented a programme of Presumptive Taxation under sections 44AD, 44ADA, and… Read More »
This article titled ‘Type of legal entity that can be set up to minimize tax.’ is written by Mayank Shekhar and discusses the key to lowering the tax burden. I. Introduction: Type of legal entity that can be set up to minimize tax The key to lowering your tax burden is to lower the percentage of your gross income… Read More »
This article titled ‘Business Structure and Its Types’ is written by Mayank Shekhar and discusses the structure of a business and its various types. The company structure selected has an impact on everything from daily operations to taxes and the amount of personal property at risk. One should choose a company structure that strikes a balance between legal safeguards… Read More »
This article titled ‘Memorandum of Association and Articles of Association: Meaning and Explanation.’ is written by Mayank Shekhar and discusses the meaning of Memorandum of Association and Articles of Association and explains them in detail. I. Introduction: Memorandum of Association and Articles of Association The Memorandum of Association (MOA) is a document that includes all of the necessary information for… Read More »
This article titled ‘Bail Application: Step-by-Step Guide and Sample’ is written by Mayank Shekhar and provides a step-by-step guide to filing a bail application along with samples. Bail was introduced in England for the very first time. After being influenced by India, this idea was established. Since the 1948 United Nations Declaration of Human Rights, the idea of bail… Read More »
This article titled ‘How to file a writ petition: Step & Sample Drafts’ enumerates the process of filing a writ petition from scratch. Not only it gives you the generic answer to the question inbuilt but it also provides you with the legal knowledge in the context of which writ can be filed in which situations and how… Read More »
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