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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

Shop & Establishment Registration Delhi- The backbone of commercial establishments

Purchasing has always been an integral aspect of a human being's life. From clothes to grocery shopping, these businesses benefit and create a rush of excitement. However, understanding how we attain our happiness has its set of rules based on its functions. The Delhi Shops and Establishments Act is followed in Delhi. Shops and Establishments Act In general, all businesses must follow the guidelines and rules provided by the Weekly holiday act, 1942. When focusing on the intricacies of how corporate establishments function, the following statute diffe...

Read More

All that you need to know about Trade Unions in India

Trade unions in India emerged as a representative of workers and the working class. Workers have worked hard to secure an acceptable level of protection against exploitation over the years. With the emergence of modern industrial establishments and with the increasing number of workers, trade unions have expanded. Trade unions empower workers with low negotiating power. A continuing association of wage earners was formed to sustain and improve their working conditions. A long-term continuous association of employees was created and maintained for furthe...

Read More

Analysis of Maharashtra Cooperative Society Act, 1960

A Cooperative Society is an association of people voluntarily coming together to meet their economic, social, and cultural needs as well as aspirations. Maharashtra Co-operative Societies Act, 1960 is an established framework, and the Act provides rules for the development of-cooperative society in the State of Maharashtra. The act applies to the state of Maharashtra, and it provides comprehensive laws for registration, membership, and liability of members. The act incorporates the duties and privileges of cooperative societies throughout the state. His...

Read More

Cooperative Societies, Types, and Benefits

A cooperative society is a concept prevalent globally in all industries such as agriculture, food, finance, and healthcare. Cooperative societies in India defend the interests of the weaker sections of society. A cooperative society is a group of people banding together voluntarily for the sake of the members' well-being. Meaning and definition of the cooperative society A cooperative society in India is a non-profit organisation that was initiated to serve its members. In a cooperative, people from the same social class group band together to realise...

Read More