NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
DISQUALIFIED FROM DIRECTORSHIP BY ROC UNDER SECTION 164(2)(A) The Director Identification Number (DIN) is a number assigned by the Central Government to individuals who want to become or are already directors of a corporation. A DIN is required for all company directors. Section 164(2) of the Companies Act, 2013 allows the Registrar of Companies (ROCs) […]
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METHODS OF WAGE PAYMENT- ALL YOU NEED TO KNOW A Wage is a monetary compensation given by the employer to the employee (labor) for the amount of work done on an hourly, weekly or monthly basis. The components of a wage In many cases, total wages or earnings include different components, such as: basic pay
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CONTINGENT CONTRACTS UNDER INDIAN CONTRACT ACT- ALL YOU NEED TO KNOW Contracts are of different types. Since people can get into various kinds of agreement for performance or non-performance of certain acts. One way of understanding contracts is by dividing them into two types: Absolute and Contingent. Let us take a detailed look at contingent contracts.
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NON-DISCLOSURE AGREEMENT A non-disclosure agreement or NDA is a written contract between two parties (people or organisations) that prohibits the sharing of confidential information shared between both ends. Non-disclosure agreements are also known as confidentiality agreements, confidentiality disclosure agreements, and non-disclosure contracts. You may encounter one at the beginning of a business relationship or large financial
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FREQUENTLY ASKED QUESTIONS FOR CORPORATE INSOLVENCY RESOLUTION PROCESS PUBLISHED BY IBBI Q1. What are the objectives of the Insolvency and Bankruptcy Code, 2016 (Code)? Ans: The Code consolidates and amends the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of
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RESTRUCTURING AND LIQUIDATION: ALL THAT VALUERS NEED TO UNDERSTAND Businesses need efficient and speedy procedures for exit as much as for start-up. World over, insolvency procedures help entrepreneurs close down unviable businesses and start up new ones. This ensures that the human and economic resources of a country are continuously rechannelised to efficient use thereby
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GIFT DEED REGISTRATION – ALL VALUERS NEED TO KNOW In India, property transfers as gifts are governed by the Transfer of Property Act, 1882 (“Act”). A gift of a property involves transferring the ownership of one’s property to another person by executing a gift deed. The gift deed is an instrument through which the immovable
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CASH RESERVE RATIO- ALL YOU NEED TO KNOW The cash reserve is the amount of capital a bank has. The Cash Reserve Ratio (CRR) is the percentage of total deposits a bank must have in cash to operate risk-free. The Reserve Bank of India decides the amount and is kept with them for financial security.
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COPY RIGHT ACT – ALL YOU NEED TO KNOW Copyright law in India covers the rights granted to the creators of literary, dramatic, musical and artistic works and the producers of cinematograph films and sound recordings. These rights include the rights to reproduction of the work, communication of the work to the public, adapt or
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DIFFERENCE BETWEEN REPO RATE AND REVERSE REPO RATE REPO RATE The repo rate is the rate the RBI levies when commercial banks borrow funds from it. Usually, commercial banks borrow money from the RBI by using government securities like treasury bills and bonds as collateral. Thus, the repo rate is the lending rate charged by
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CONCEPT OF REPO RATE- ALL YOU NEED TO KNOW Repo Rate Repo rate is the rate of interest at which commercial banks borrow money from the central bank i.e. Reserve bank of India (RBI). In the case of inflation, RBI increases the repo rate, and in the case of deflation decreases it. RBI increases the
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RIGHT TO EQUALITY-ALL VALUERS NEED TO KNOW The Constitution says that the government shall not deny to any person in India equality before the law or the equal protection of the laws. It means that the laws apply in the same manner to all, regardless of a person’s status. This is called the rule of
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