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Overview One of the major sectors of the Indian economy is agriculture business, valued at 370 billion dollars. Agricultural contributions to GDP are expected to increase from 17.8% in 2019-20 to 19.9% in 2020-21, according to the Economic Survey 2020-21. With proven farming technologies and supportive policies, the government has taken major steps over the … Read More “What is Digital Agriculture & its Future” »
From June to August 2020, the Government of India will continue to pay the employer and employee contributions to employees’ EPF accounts. It is applicable to establishments with less than 100 employees who draw a salary of less than Rs 15,000 per month and have up to 100 employees. For non-government organizations, the contribution to … Read More “How to show PF withdrawal in Income Tax Return” »
In each state, the Shop and Establishment Act (“Act”) is different. However, the general provisions of the Act are the same for every state. Shop and Establishment Acts are regulated by the respective states’ Labour Departments. The Act regulates all shops and commercial establishments operating within the state. Registrations are issued by the respective states … Read More “What is Shop and Establishment Act” »
Individual partners in a partnership are called ” Partners “; a partnership firm, collectively, is called a ” Partnership Firm “; and the name under which their business is conducted is called ” Firm Name ” ” An individual that makes up a partnership firm deed does not form a separate legal entity. It is … Read More “What is Partnership Firm ?” »
There should be at least three directors in a public corporation, while there should be at least two directors on a private company. It is possible for a private company to remove a director if they are incompetent, absent from board adherence for a period of more than 12 months, or engage in agreements or … Read More “Removal a Director Through a Process” »
As a legal entity, a corporation is entitled to remove a director before the expiration of his or her term. Under the new company law, a company may pass an ordinary resolution to remove a director; however, if the process is not followed as per the new law, then the removal can be declared void. … Read More “Guidelines for the removal of directors ?” »
According to the Companies Act, 2013, the MCA introduced e-form INC-22A for the purpose of validating addresses for all registered companies on February 21, 2019. 22A – Form Inc As part of the Companies Act, 2013, the MCA introduced a form for validating addresses of registered companies under the name ACTIVE (Active Company Tagging Identities … Read More “All about E- Form INC – 22A” »
There should always be two directors in every private company, and three directors in every public company. Let us consider three scenarios during the removal of a director: A resignation letter from the director A director resigns from the Board. In such a case, the following steps are taken to remove his name from the … Read More “How to Remove a Director from Company” »
