|•5 Easy steps to become an Entrepreneur in India.|
So you have decided to take the plunge of starting your own business in India. You need to ensure that this decision is not taken in haste and is well-thought out and well structured. Here is an easy guide for you to assist you in taking this decision.
STEP 1: ENTREPRENEURSHIP IS NOT JUST A FANCY WORD.
You should understand that there is a difference between being an entrepreneur and being a freelancer. If you have read the book Cash Flow Quadrant by the famous business author Robert...
•Process of Strike Off of a Company as per Companies Act, 2013
Strike off procedure is one of the alternative ways for the Winding of the company. There are two mechanisms for the process of Strike off in accordance to the Companies Act, 2013:
Strike of by the Registrar of the Companies i.e. Suo moto by Roc (Section 248(1)).
Strike by the Companies on its own i.e. Voluntary Strike off (Section 248(2)).
STRIKE BY THE COMPANIES ON ITS OWN I.E. VOLUNTARY STRIKE OFF(SECTION 248(2)).
Voluntary Strike Off is the removal of the Companyâ€™s Name from...
•What is a reduction of share capital?
Selective reduction of share capital -
Reduction of the share capital of a company was initially not allowed because conservation of capital is the cardinal rule of company law. The capital of a company is considered the security upon which the creditors usually rely.
So, any reduction of share capital diminishes the fund out of which they are to be paid and prejudices their interest. However, there may be genuine reason to reduce capital. It is for this reason that...
•What rules decide when title to goods passes from the seller to the buyer?
Passing of Risk vis-Ã -vis Passing of Property -
The expression sale of goods is a composite expression consisting of various ingredients or elements. There are elements of bargain or contract of sale, the payment or promise of payment of price, delivery of goods and the actual passing of title. Each of these ingredients is essential to a transaction of sale though the sale is not concluded unless the purchaser becomes the owner of the property.
The word â€˜saleâ€™ in its legal sense...
•10 Legal Tips on how to safeguard your business interests this New Year.
It is a fact that most of the entrepreneurs have a basic understanding of the law but most of them fail to think about the legal implications of starting and conducting a business. Many companies who are trying to save money on hiring attorneys are turning to online legal service companies who provide low cost basic contracts or solutions, which cause more harm than good.
As an entrepreneur, it is a huge responsibility to make your business successful. Interaction with third parties like...