Guide to MahaRERA Registration

The real estate regulatory authority (RERA) regulates and governs real estate sectors and their activities. The real estate regulatory authority of respective states and union territories was established by the introduction of the Real Estate (regulation and development) Act, 2016. Real estate regulatory authority works in buyers' interest and protects them from the unfair practices prevalent in the market. RERA legislation regulates the conduct of builders and their agents by registering their intent to purchase and seeks a timely report on the devel...

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Real Estate Law

GST Implementation: Avoiding cascading effects of Indirect taxes

Goods and Service Tax (GST) is a very significant step in ushering reforms in the indirect tax system in India. GST abolished various indirect taxes throughout the country and introduced the system of one nation one tax. GST amalgamated all the indirect taxes levied by the central and state government into one single indirect tax throughout the country. GST implementation reformed the taxation system by allowing input tax credits for consumers in a unified regime. What is GST in India? GST is a destination-based tax levied on every value addition in ...

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Tax Law

Registration of limited liability partnership in India

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...

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Standing Order Requirement of Industrial Establishments

Workmen were employed with uncertain and vague terms. The Industrial Employment (Standing Orders) Act, 1946, was enacted to define employment conditions in industrial establishments and allow the industrial establishment to obtain a standing order to lay down the working conditions for employees. The importance of the order is felt the most in the unorganised sector. The standing order imposes a statutory duty on the employer and employee to comply with. This study presented a comprehensive review of the standing order. Background Of the Standing Order...

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Why is PF Contribution Important?

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...

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Everything you should know about EPF and EPF Interest

The Employee Provident Fund (EPF) is a retirement savings system that is open to all salaried employees sponsored by the government and paid a fixed interest rate. The Employees Provident Fund Organization (EPFO), a statutory body under the Ministry of Labor and Employment, manages the employee provident fund. EPFO was established to manage the mandated contributions to the PF programme by both employees and employers. When an employee retires, he or she receives a lump sum amount of EPF, which includes the employee's and the employer's contribution, an...

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Maternity Benefit Rules In India: Saviour Of Life And Job of Many Women

Maternity leave is an essential for women employees. Pregnancy is taxing both physically and emotionally. At the time of pregnancy, a woman's body undergoes numerous changes. Maternity leave ensures expectant mothers paid leave to give them a break from work. Maternity leave protects the jobs of women. At the time of this leave period, according to maternity leave rules in India, a woman cannot be dismissed from her job during maternity leave. The maternity leave rule in India is reformed from time to time to ensure the requirements of society are adequa...

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Property Law in India

Property law in India affects everyone in society, regardless whether they are wealthy or poor. Property law oversees the connections between the members of society about tangible and immaterial objects. Property law in India refers to the ideas, norms, and procedures that govern the resolution of property disputes and the structuring of property transactions. Property law differs from other laws because it deals with the connections between and among members of a society about items like a factory or diamond ring and intangible items such as stocks and...

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Real Estate Law

Leasing- A Complete Guide to Renting Your Property

Leasing is a generic phrase when negotiating the land or property. Therefore, when individuals decide to rent out their flat or property, they could choose leasing. Notably, people would miss out on minor details of a lease agreement, causing a commotion. Both the tenant and the landlord should be aware of their rights and liabilities to avoid stumbling blocks and enjoy a smooth transition such that the landlord safeguards his priorities. A tenant enjoys the property he rented. Leasing concept Meaning Leasing is when a person, through a contract, con...

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Real Estate Law

A glance at Multi-State Cooperative Society Act, 2002

A cooperative society protects the interest of the weaker section of the society. The primary motive of every organisation is to earn profits. However, this is not the case with cooperative societies. A cooperative society is a group of individuals who voluntarily come together to achieve a common economic objective. A multi-state cooperative society is a cooperative society registered under the Multi-State Cooperative Society Act, 2002, and It consolidates and amends the law related to a cooperative society. Multi-State Co-operative Society Section 3...

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