Types of Corporate Loan
Types of Business Loans Business loans , are loans given to companies and other such entities to meet their day-to-day expenses, fund their working capital requirements and expansion, etc. They are also called as corporate loans.These loans are an excellent way for businesses to focus on their growth and generate more revenue. Over the years, such loans have become popular in India amongst business owners and proprietorships as it helps them overcome short-term and long-term financial hurdles. Corporate [...]
Conveting OPC to Private Limited Company
Converting OPC to a Private Limited Company One Person Companies one of the most popular business structures today, empowering a solo entrepreneur to start his journey. Introduced with the Companies Act 2013, One Person Company first time brought the concept of a Private Limited Structure which required only one member to start. A One Person Company is populated with features like Corporate Existence, Limited Liability but is crippled by a few restrictions which restrict future expansion such as [...]
Trademark Symbols Explained
Trademark Symbols Explained A trademark is a type of intellectual property, and normally a name, phrase word, logo, symbol, design, image and a combination of these elements. There is also a range of non-conventional trademarks comprising marks, which do not fall into these normal categories. It's usually done in order to protect the identity of the brand and maintain its uniqueness. A trademark separates the identity of the brand with other existing facsimiles and dubious competitors, eliminating the [...]
How to file an RTI ?
How To File an RTI Application ? The Right to Information Act, 2005 law brought in the constitution of India in order to increase transparency and good governance. It provides citizens with the right to ask for with information from public bodies. The Right to Information (RTI) Act, 2005, is pivotal as it mandates on time response from the requested body, to a citizen’s request for government information. There are no restrictions to exercise RTI and any citizen [...]
Conversion Of Partnership To Limited Liability Partnership
Converting a Partnership Firm To A LLP Partnership firms are easy and quick to form, but they hold one fundamental disadvantage of lack of Limited Liability clause. Which means the partner's personal assets could be liable for the firm debts. The introduction of Limited Liability Partnership Act 2008 has introduced the concept of a Limited Liability Partnership. The LLP is a big improvement upon a normal partnership; it brings the essence of Limited Liability Clause which was earlier [...]
Types Of Directors And Their Duties
Types Of Directors And Their Duties Duties of Directors: Since the directors are the nucleus of the company, Companies act mentions duties of the directors. Following are some important duties mentioned: To Act in good faith in order to promote the objects of the company for the benefit of its members as a whole. To Act in best interest of company as a whole, its members, its employees, shareholders, community and protection of environment. To Act Accordance with [...]