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Recovery of dues through SME Facilitation Council – Opportunity for Professionals

The Micro, Small and Medium Enterprises Development Act, 2006 (“Act”) came into force with effect from 2nd Oct 2006. Long Title of the Act reads that it is an Act for facilitating the promotion and development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto. The …

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Incorporation of section 8 company, the simplest way

Incorporation of NGOs under Section 8 of the Companies Act: A Comprehensive Guide Introduction                                           Non-Governmental Organizations (NGOs) are crucial agents of change in addressing social issues, championing diverse causes, and contributing to the betterment of society. In order to facilitate the establishment and functioning of these organizations in India, the Companies Act of 2013 introduced …

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Registration of Political Parties in India

Registration of Political Parties in India: Guidelines, Tax Benefits, and Legal Compliance Introduction The process of registering a political party in India is not only about fulfilling legal obligations but also involves understanding the associated tax benefits and compliance with relevant tax provisions. This article delves into the guidelines for the registration of political parties, …

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Funding Default Under Shareholders’ Agreement – An Illustrative Case Study

Introduction Shareholders’ agreements are essential legal contracts that outline the rights and obligations of shareholders in a company. These agreements play a crucial role in safeguarding the interests of shareholders and maintaining a harmonious relationship among them. However, disputes can arise when parties fail to fulfill their commitments as per the agreement. In this blog, …

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Homebuyers’ Access to NCLT Post COVID-19: A Ray of Hope for Real Estate Disputes

Introduction The COVID-19 pandemic has brought unprecedented challenges to various sectors, and the real estate industry is no exception. Homebuyers, in particular, faced uncertainties due to project delays, financial constraints, and disputes with developers during the pandemic. However, amidst the crisis, the National Company Law Tribunal (NCLT) emerged as a ray of hope for homebuyers …

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RERA – A Paradigm Shift in Real Estate and Its Dispute Resolution Mechanism

Introduction The Real Estate (Regulation and Development) Act, 2016 (RERA) marked a significant turning point in the Indian real estate sector. Enacted to protect homebuyers and promote transparency and accountability in the industry, RERA has transformed the way real estate projects are developed, marketed, and executed in India. In this blog, we will explore the …

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The Enforceability of Arbitral Awards by Courts: A Comprehensive Overview

Introduction In the ever-evolving landscape of international business and trade, arbitration has emerged as a preferred method for resolving disputes. The growing popularity of arbitration is attributed to its flexibility, confidentiality, and ability to provide a neutral forum for parties to settle their conflicts. One critical aspect of arbitration is the enforceability of arbitral awards …

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Statutory Auditors’ Responsibilities inrelation to Fraud in a Company

Mandatory Reporting of suspicious Activities Statutory Auditors are under a mandatory obligation to report fraud or suspected fraud if they observe suspicious activities, transactions or operating circumstances in a company that indicate reasons to believe that an offence of fraud is being or has been committed against the company by its officers or employees. In …

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