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This article aims to highlight the difference between Mutual Funds and Nidhi Company. There are so many differences between the two and the only similarity between them is that both can operate only when a third party puts its resources into them. Before delving into the major differences between Mutual Funds and Nidhi Company, it […]
Trademark is, as defined under the Trademark Act,1999[1], “a mark capable of being represented graphically & which is capable of distinguishing the goods/services of one person from of others & may include the shape of goods, their packaging & combination of colors”. In other words, a trademark refers to any word, sign, design, phrase, logo, […]
There are certain organisations which are liable for tax exemptions as provided under the Income Tax Act, 1961. Organisations not operating for profits, like NGOs, charitable trusts, religious organisations, Section 8 companies, are made eligible for tax exemptions. Section 12A & Section 80G of the Income Tax Act, 1961[1] provide for such exemptions toinstitutions established […]
Usage of rented cabs and taxis has seen a steady rise in most urban cities, and rented cars are substantially becoming the more preferred mode of travel over public vehicles. We live in a day and age where people don’t have the patience or time to wait in the sweltering heat or chilling cold to […]
Globalization and advancements in technology have led to many businesses burgeoning in India and especially in Bangalore, in the last few decades. The sheer number of similar businesses in the market is a boon for customers who have a wide array of options to choose from. This makes it important for businesses to stand out […]
A patent is a legal document granted by the Government, which confers an exclusive statutory right in favour of the inventor in exchange for disclosure of the invention to the public for general usage. A Patent provides for a monopoly over an invention. According to the Patent Act, 1970, the invention should be such that […]
Minority squeeze-out is a mode of the takeover process by which majority shareholders acquire or cause to acquire the shares held by minority shareholders compulsorily by providing them with compensation in exchange. These often end up being detrimental to the rights of minority shareholders, and they have little to no remedy left as the courts, […]
India has seen a burgeoning growth in Software Companies in the past decade thanks to the start-up culture. The Indian start-up ecosystem is the third largest in the world and this trend shows no sign of dwindling down, as is clear from the number of start-ups steadily gaining “unicorn” status. Software companies generated up to […]
A partnership is a relationship between two/more individuals who have mutually agreed to conduct business run by all or any one of them and share the profits and loss arising therefrom. The individuals who enter into a partnership are called partners individually and collectively, known as the Partnership Firm. The Indian Partnership Act, 1932 lays […]
India is slowly but steadily becoming the hub of unicorn startups and the startup culture has been the bandwagon that everyone has been jumping on. All private limited companies, including startups, running a business are required to carry out various regulatory and statutory compliances. As a startup owner, it is imperative to be aware of […]