Introduction: XBRL stands for Extensible Business Reporting Language, is a language for electronic communication of business and financial data which has significantly revolutionized the reporting of business information, around the globe. Major benefits include preparation,…
Introduction: In 2008, India adopted the concept of Limited Liability Partnerships (LLP). An LLP combines the qualities of a partnership and a corporation. An LLP is governed by the Limited Liability Partnership Act, 2008. For…
Ministry of Corporate Affairs (MCA) has issued General Circulars on May 03, 2021 to provide relaxation due to resurgence of COVID-19 pandemic, under Companies Act, 2013 and LLP Act, 2008.
The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done with precision and expertise. The Company cannot carry…
MCA has notified the Producer Companies (General Reserve) Rules, 2003. These rules shall apply to a Producer Company as referred in clause (l) of section 378A. These rules shall come into force from February 11,…
While, Union Budget 2021 is mainly focusing on bringing the economy back to shape after the pandemic, it also covers several proposals including exemption to senior citizens from filing income tax returns, new rules for…