Introduction We at Lawgical Startup have successfully completed an acquisition transaction of a running sick industrial unit at Umaria Dongaria, Jabalpur. This achievement highlights our dedication to rescuing distressed businesses and ensuring their sustainable growth. Acquisition of the Bamboo Stick Factory The Bamboo Stick Factory was on the verge of closure due to heavy debts…
In a significant development, the MCA vide notification no. GSR 802(E) dated October 27, 2023, notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. As per the amended norms, every private company except a small company must issue the securities only in dematerialised form within 18 months from the closure of the…
Introduction: The Income Tax Act 1961 provides various deductions and exemptions that can help individuals minimize their tax liabilities and maximize their savings. Understanding and leveraging these deductions is essential for every taxpayer. In this comprehensive guide, we will walk you through the most common deductions available to individuals under the Income Tax Act 1961,…
Introduction: Filing income tax returns is an essential responsibility for every taxpayer. It ensures compliance with the law and helps individuals report their income accurately. When it comes to the filing process, one crucial document that plays a significant role is Form 16. In this blog post, we will delve into the details of Form…
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, analysis and communication of business information in an cost efficient manner with greater efficiency and improves accuracy and reliability to…
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 an LLP to be formed, a minimum of Two Partners is required. However, there is no upper cap to this…