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…
Introduction When starting a new business one should know the main difference between the two. Both of them have distinct features and which makes it suitable for different businesses based on the kind of investment and the risk involved. Which one is better is left to the discretion of the Read more…
INTRODUCTION A Private Trust can have a broad definition but has been defined in a niche manner under Section 3 of the Indian Trust Act, 1882. It has been defined as an obligation that is attached to property ownership, and arises out of a confidence. That is accept by the Read more…
Introduction Trust is defined in the Indian Trusts Act, 1882 as a responsibility attached to the ownership of a property which is maintained for the benefit of another. Property is transfer by one person to another who manages it for the interest of the beneficiary. Therefore, there are three parties Read more…