Introduction: Break fee is becoming an important feature of corporate transactions. Break fee also known as the termination fee is a compensation that is paid by the party who breaks a deal or an agreement. It is the compensation of the cost that a party incurs in the event an Read more…
Introduction: In the last week of March 2020, the Indian Government imposed a nationwide lockdown to contain the COVID-19 virus from spreading. Not only India but many other nations have imposed lockdown which resulted in shut down of businesses and industries and affected the everyday lives of many people around Read more…
Introduction: In order to maintain the employee’s efficiency and his desire to properly serve his company, organizations opt the method of promotion. While promoting, it is checked that if his record can qualify for the promotion and it is expected from the employee to have an “unblemished record”. Often there Read more…
Introduction: Forensic accounting is also known as financial forensic accounting, which is characterized as the accounting component that recounts any contribution resulting from an expected or actual litigation phase. The term forensic thus means “correct for use in the court of law.” Forensic accountants always have Mukt Shabd at any Read more…
Introduction: In October 1999, The Ministry of Small-Scale Industries and Agro and Rural Industries was established, for the development and growth of these enterprises, however, in September 2001, it separated into two ministries i.e. Ministry of Small-Scale Industries and Ministry of Agro and Rural Industries. On 9th May 2007, an Read more…
Introduction: “Operative clauses are the heart of Resolutions” Operative clauses are quite an enigma to a lot of people due to its selected use in a daily legal framework, but they are significantly found in the resolutions thereto. What is an Operative Clause? Objective clauses are sought to be Read more…
Introduction: Winding up is a process whereby a company is dissolved. The properties are disposed off and the loans and debts are paid and cleared and any profit left is then divided among the stakeholders of the company in accordance with the proportion to their holdings. Winding up proceedings in India comes Read more…
Introduction: The term ‘Company’ fundamentally means a class of people associated together for a common purpose such as business, sports, research, activity and more. Section 2(20) of Companies Act (the ‘Act) 2013 defines a company as “ ‘Company’ means a company incorporated under this Act or under any previous company Read more…
Corporate Social Responsibility (hereinafter referred to as CSR) infers a concept, whereby companies wilfully decide to contribute to the betterment of society. It is an idea, whereby the organizations incorporate social and other valuable concerns in their business activities for the improvement of the society in a voluntary manner. It Read more…
The global pandemic is incessant and proven to be a fatal one. The worldwide COVID-19 pandemic and its weighty lockdown are having an economic ripple influence on the economic activities of Indian residents. In the battle against COVID-19, the organizations ceased, disrupting the performance of agreements and payments. This turns Read more…
Introduction: The year 2020 brought a new pandemic to the human history the COVID- 19. It can be transmitted through touch. Therefore has spread in a lot faster way because of the globalized world that we live in. The lockdowns that are in place to reduce the spread has led Read more…
Merger: When two companies come together by absorption or closure of one separate legal entity in order to form a new entity is when the merger takes place. It is an undertaking that is practiced by various industries such as private investments, financial institutions, healthcare industries, etc. It unites two Read more…