deeksha

Limited Liability Partnership denotes LLP. As a partnership firm, a partnership is a corporate business vehicle that provides its members with the benefits of a company's limited liability and allows them to manage their internal management on mutually agreed-upon terms. Partners have limited liability for any debt incurred while running the business in the future. This LLP is known as a 'hybrid between a company and a partnership' because it combines elements of both a 'corporate structure' and a 'partnership firm structure'. According to the terms of...

Employee Provident Fund (EPF), one of the most popular savings schemes launched by the Government of India, is governed by the Ministry of Labour. EPF is the primary scheme established by the Employee Provident Fund and Miscellaneous Provisions Act of 1952. The Employee Provident Fund Organisation (EPFO) manages the savings scheme. The provident fund (PF) scheme aims to provide an individual with a sufficient retirement corpus and instils the habit of saving money in salaried employees. The fund comprises monetary contributions from both the employer an...

The hire purchase agreement is an agreement in which the owner of a particular set of goods allows a person (the hirer) to hire goods on monthly instalments. The hire purchase agreement includes a provision for purchasing expensive consumer goods such as automobiles, televisions, heavy machinery, among others. The hire purchaser could purchase goods by making an initial down payment and paying the remainder in instalments. After payment of the final instalment, the hirer becomes the owner of the item. Such hire purchase agreements are extensively used ...

A company that is in debt initiates the process of liquidation to wind down and cease operations and transactions. To meet its liabilities and obligations, the company sells its assets. A company generally is liquidated when it's inevitable that the business will not be profitable enough to continue. A company may be liquidated for various reasons, including insolvency, bankruptcy, an unwillingness to continue its activities and operations, among others. The liquidation of a company is the process by which all of the company's assets and property are di...