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The notion of non-profit corporations is present under Section 8 of the Companies Act, 2013. Non-Profit Corporations are not a new concept in our nation, India. Profits from Non-Profit Corporations are subject to reinvestment in society's benefit and progress. Furthermore, under Section 8(4) (ii) of the Companies Act, 2013, a…

E-commerce has developed dramatically in India, as more people purchase and sell products online as a result of cell phones and internet access. Previously, there was no defined handling of internet purchases under tax legislation. Moreover, GST has specific restrictions in place for e-commerce sites like Amazon and its vendors.…

According to the Income Tax Act, 1961 of India, Income Tax is levied on all individuals, HUFs, partnership businesses, LLPs, and companies. Individuals are taxed according to the slab system if their income exceeds the minimum threshold level (known as the basic exemption limit). In this article, we will be discussing…

The taxation system is the backbone of a country's economy, ensuring that revenue is stable, management of economic development and that industrial activity is care of. India's three-tier federal system includes Union Government, State Governments, and Local Bodies, all of which are in charge of the various taxes and charges…

The principle of majority rule is at the heart of corporate democracy. The principle of majority originated with the rule of Foss v Harbottle, in which individual shareholders have no legal recourse for any wrongdoing by the corporation and that any action brought in respect of such losses must be…

Working capital is an accounting phrase that you may not hear much about, but it could be the key to your company's success. Working capital has an impact on many elements of an organization, including paying staff and vendors, keeping the lights on, and planning for long-term growth. In a…

Foreign Investment Policy regulates direct foreign investment in a country's production or business by a person or firm from another country. For developing countries like India, foreign direct investment (FDI) is an essential source of finances. These investments represent a significant non-debt financial resource for the country's economic development. The…

Within 30 days of its incorporation, a corporation must have a registered office. In the Memorandum of Association (MOA) and Articles of Association, the registered office is indicating (AOA). It is the official address of a company that forms under the Companies Act 2013 or any previous company law. The…

We live in a dynamic world that is becoming complex. Environmental, social, cultural, and economic challenges on a global scale have now become a part of our daily lives. Profit maximisation is no longer the main business performance metric for corporations, but acting as responsible corporate citizens who have a…

The notion of a company's independent legal personality is the one that serves as the foundation and a fundamental principle of corporate law in modern legal systems around the world. This idea provides the corporation with an identity that is distinct from its owners, members, or founders, granting the company…