In the corporate world, both ROC-Initiated Strike-Off and Compulsory Winding Up are legal processes that lead to the dissolution of a Limited Liability Partnership (LLP). However, these two processes are distinct in their nature, initiation, and procedures. 1. ROC-Initiated Strike-Off (LLP): A strike-off refers to the removal of an LLP’s name from the Register of …
The Real Estate Regulatory Authority (RERA), established under the Real Estate (Regulation and Development) Act of 2016, aims to safeguard home buyers and boost investments in India’s real estate sector. Passed by the Rajya Sabha on March 10, 2016, and effective from May 1, 2016, RERA seeks to bring transparency, accountability, and consumer protection to …
The Ministry of Corporate Affairs (MCA) has introduced significant amendments to the Limited Liability Partnership (LLP) Rules through the Limited Liability Partnership (Amendment) Rules, 2024, which came into effect on August 27, 2024. These changes primarily impact the filing processes and the role of the Centre for Processing Accelerated Corporate Exit (C-PACE), an initiative launched …
Introduction In an era where technology-driven businesses are the backbone of economic growth, ensuring the right balance between regulatory compliance and operational flexibility is crucial. Recognizing the dynamic nature of Information Technology Enabled Services (ITES) and Information Technology (IT) establishments, the Government of Telangana has decided to extend certain exemptions to these sectors. This blog …
In recent years, India has witnessed a surge in entities offering services related to Virtual Digital Assets (VDAs). This phenomenon, previously unregulated, underwent a significant transformation with the issuance of a crucial notification by the Ministry of Finance on March 7, 2023. This notification marked the inclusion of VDAs under the purview of the Prevention …
These rules may be called the Foreign Exchange Management (Overseas Investment) Rules, 2022.Definitions: In these rules, unless the context otherwise requires: – Act Means the Foreign Exchange Management Act, 1999 (42 of 1999). Authorized Dealer Category-I bank or AD bank Means a person authorized as such under sub-section (1) of section 10 of the Act …
Ministry of Finance recently disclosed on how honest billers and bill payers may be rewarded by the Department of GST. The “Mera Bill Mera Adhikaar” plan has been meant to energize residents and purchasers in India to demand real invoices from (people who sell things) while participating in business-to-person (who use a product or service) …
The Indian Stock Exchange: A Hub of Financial TradingWhen it comes to the world of finance, the stock exchange plays a crucial role. Think of it as a bustling marketplace where traders and buyers meet to exchange financial instruments like stocks, bonds, and commodities.In India, the stock exchange follows a set of rules laid down …
Introduction:In the unpredictable sea of entrepreneurship, small businesses face unique challenges in staying afloat. Like a sailor navigating rough waters, managing cash flow is the compass that ensures steady progress and long-term success. While sales and profits are essential, the lifeblood of any business lies in the management of its cash flow. In this blog, …
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