As the name suggests, these entities work towards the wellbeing of the society and bridges the gaps at places where Government can’t reach effectively due to many factors. Such organizations are known as non - profit organizations or non- …

In India if you wish to register a Non- profit Organization it can be done in three forms; Trust Society and Section 8 Company In India Section 8 Company is the most preferred business structure for NGO registration. In this article we wil…

Introduction: Once a company gets itself registered as MSME (Micro small medium enterprises), it becomes eligible for various benefits available under various schemes of the government. Although the MSME registration is not mandatory for t…

It is said that a good idea only when nicely planed turns out to be good venture and a good idea if not nicely planned may turn out into a disaster. In order to start a business, certain pre planning is definitely required. What is meant b…

While thinking of availing the benefits coming from the MSME registration, you might need to know who are fulfilling the criteria forthe eligibility for MSME/ SSI registration. The MSME registration or as the newly introduced term Udyog Aa…

A Service Level Agreement (SLA) is a formal document which the Service Provider and the user of the services mutually agree to. It defines the terms of the services expected from the service provider. It is output-based where the purpose i…

Micro, Small and Medium enterprises in India need to register themselves as MSME with the Ministry of Micro, Small and Medium Enterprises. The MSME registration also called the Udyog Aadhaar registration is not mandatory by law but the add…

Tax Audit As per section 44AB of Income Tax the Tax audit has been made mandatory and that all taxpayers are required to get the accounts of their business or organization audited by an outside agency. Things are inspected during Tax audit…

In this article we will discuss what MSME Registration is, why you should do MSME Registration, the types of MSME Registrations and how can you do your MSME Registration. So let’s begin by knowing firstly what MSME is all about? MSME stand…

The goods and services regime has a rule that a certain business which is being run if exceeds an annual turnover of Rs 20 lakhs then you must get GST registration in India. In case if you belong to a special state like north-eastern India…

Non-Disclosure Agreement Any written agreement executed between two or more parties with an intention to restrict the parties from disclosing any kind of proprietary or sensitive information is known as Non-Disclosure agreement. Such agree…

Are you an owner of the property? But having a fear of what to do of it after your death? Can create a ‘Will’ and vest the property into someone’s safe hand after your death. ‘Will’ is a legal declaration disclosing the testator’s (person …

Pharmacy business is one of the lucrative businesses which is not affected by the monetary cycles. Increasing developments in the private hospitals has also lead to the increasing demand for pharmacies which has ultimately lead a huge grow…

Are you purchasing home or some property? The essential document for purchasing the immovable property is execution of sale deed. So, here in this article we are going to through some light on the aspects related to execution of sale deed …

Business Plan When planning a new venture it is important to plan out everything in detail and prepare a detailed written plan stating the main objectives, goals, organizational structure, policies etc. to achieve such objectives. This int…

To carry on the particular trade or business, permission is required to be obtained by applying for trade license. Trade license gives permission for only those trade related activates for which it has been obtained and not other than that…

Ubi Jus Ibi Remedium is Latin for “For every wrong, the law provides a remedy”. If a right is provided by the law, then you may approach the court if it is infringed or invaded. The court shall meet the ends of justice and provide relief i…

Memorandum of Understanding (MoU) is an agreement between two or more parties laying down the terms and conditions of the transaction, also mentioning the rights and obligations of the parties. It forms a part of the initial discussions of…

The residential rental agreement is usually defined as a written document that exists between the owner of a property and a renter who desires to own temporary possession of the property of the landlord. It sets out the foundations between…

If you are planning to operate any business/ project or provide services in future it is preferable to execute Master Service Agreement (MSA) which is created between two or more parties where both parties agree to most of the terms that g…

Execution of shareholders agreement fills the gaps in the clauses not covered under the company’s constitution, through which corporate assign personal rights to Shareholders Execution of shareholders agreement is always a good idea to pre…

The first and most important step before making investment into the company is to decide: What terms should be covered in my Term Sheet? There is always a dilemma in the preparation of the term sheet as to whether to draft a negotiated, de…

Share purchase is an agreement between the sellers (Company) and buyers (Shareholders) of the shares that confer rights and impose obligations over and above those provided by the regulatory laws. The Share purchase agreements provide for …

Introduction: If you are doing a business you require goods and services to run your own business on a daily basis. Any purchase is it from the e-commerce website, raw material for your product, buying the goods for supply, would be consid…

Micro, Small and Medium Enterprises (MSME) has been a backbone of the economic growth over the last few decades. MSMEs play a crucial role in providing large employment opportunities on low investments thereby reducing the major employment…

TAX AUDIT is review of accounts of the business organization or an individual in respect of income and deductions. Section 44AB under Income tax contains the provision for conducting the TAX AUDIT which aims to ascertain the compliance of …

Franchising a business allows an opportunity to individual/ corporates to start a business by legally using another individual/ corporates business under the same name, trademark and goodwill. Franchises extends to no. of industries includ…

Two of the most common questions that startups and small business founders before investment are boggled by: What should be in my Investor Pitch Deck? What should and how should be the Term Sheet? To help with that, the below article eluci…

In business world, we enter into so many transactions and relationship on a daily basis that requires disclosure of the confidential information between the parties. The option to maintain its secrecy is only by entering into a Non-disclos…

First of all it will be defined as an agreement amongst the founders of the company which governs the nature and functioning of their business and also highlight the key issues that co founders might face in future in running a business. I…