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Entrepreneurs Corner
  • LLP (Limited Liability Partnership) ? A Tax Efficient Vehicle
    LLP (Limited Liability Partnership) – A Tax Efficient VehicleLLP is a new corporate form that enables professional expertise and entrepreneurial initiative to combine, organize and operate in an innovative and efficient manner. It is becoming popular day by day. When it was introduced in 200...READ MORE
  • Who is Promoter in Control of a Company
    The term Promoter is common in the corporate sector and also common parlance. However it is to be noted that the term Promoter has not been defined under the Companies Act, 1956 (Act) and other legislations relating to corporate affairs. It is also to be noted that although the term ...READ MORE
  • Share Holding in New Corporate Entity
    Given the conducive business environment more and more new entrepreneurs are emerging in the corporate sector. Among all the business entities, the most conducive business entity /organization is a corporate entity incorporated under the provisions of the Companies Act, 1956.It is also to be notice...READ MORE
  • Charter Documents for Corporate Entities
    A Corporate entity is incorporated under the Companies Act, 1956 (Act) and is governed by the provisions of the Act. Notwithstanding the binding force of the Act, every corporate entity be it private limited company, public limited company or the recently introduced Limited Liability Partnership (LL...READ MORE
  • Forms of Business Ventures
    There has always been a slight confusion in the minds of first time entrepreneurs on the distinction between a proprietorship firm, a partnership firm and a company. Invariably, most entrepreneurs who have established their business as proprietorship concerns or partnership firms refer their entity...READ MORE
  • A Limited Liability Partnership (LLP)
    Commercial ventures are established invariably as a partnership firm, incorporated entities, unincorporated business ventures or as proprietorship firm. A new concept which is a hybrid between a partnership firm and a company incorporated under the Companies Act, 1956 has been introduced for the fir...READ MORE
  • Winding Up of Limited Liability Partnership (LLP)
    Of late we have witnessed emergence of a new form of business entity named Limited Liability Partnership which is a hybrid of a company and a partnership firm and is governed by Limited Liability Partnership Act, 2008 (Act). Whereas all the procedures for incorporation and management of a LLP were p...READ MORE
  • The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED)
    1. IntroductionThe Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which came into effect from October 2, 2006 with the intention of facilitating the promotion and development as well as enhancing the competitiveness of micr...READ MORE
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