How to form a One Person Company (OPC)

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The concept of One Person Company [OPC] is a new form of business in India, introduced by The Companies Act, 2013 [No.18 of 2013], thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework. One Person Company is a hybrid of Sole-Proprietor and Company form of… Read more »

Head or Tail – Who will win the RACE…..?

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It is the rainy season of elections again. Coming are the Punjab and U.P. Everybody will engage in election activities shortly or show to be engaged so. Colours of the turbans will also get change. Changing the party and taking the better opportunity in another party is a normal act for the political leaders. Every… Read more »

FAQ on Applicability of Service Tax on Senior Advocates.

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 1.Who is a senior Advocate?   As per Section 16 of Advocates Act 1961 Senior Advocate is an advocate for whom Supreme Court or a High Court is of opinion that by virtue of his ability [standing at the Bar or special knowledge or experience in law] he is deserving of such distinction. Senior advocates… Read more »

Format of Resignation Letter

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What is a Resignation Letter? A resignation letter is a formal request for acceptance of registration from employment issued by an employee to an employer. A resignation letter usually contains the reasons for resignation, requested date of resignation and a formal thanks to the employer for providing employment thus far. Usage of Resignation Letter: Once, the… Read more »

Appointment Letter

Posted On & filed under Format of Legal Documents Drafting, Legal India.

Importance of Appointment Letter:- It is a formal letter provided in writing to a candidate on the day of joining for employment. It is generally provided after offer letter and it  describes the position offered, salary, benefits, confidentiality policy, work policy, starting date, and important information about the employment. Usage of Appointment Letter : This appointment letter… Read more »

Employment Offer Letter

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What is an Offer Letter or an Employment Offer Letter ? It is a formal job offer letter containing all the terms and conditions of employment usually provided in writing to a candidate who has been selected to work with a Business. This letter  briefly describes about the position offered, location of the job, starting date, salary and… Read more »

Deed of Debt Compromise

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  What is a Deed of Debt Compromise ? It is a formal written agreement between a lender and borrower for final settlement of the debt with a compromise. The compromise can be done on interest or principle payable. This details the amount of original borrowing and interest rate, the amount payable and the acceptance… Read more »

Direct Selling Agent Agreement, its Usage and its Execution

Posted On & filed under Format of Legal Documents Drafting, Legal India.

What is a Direct Selling Agent Agreement? A legal agreement entered into between a Business and an Agent authorized to sell/distribute the product of a business on its behalf is called as Direct Selling Agent Agreement.  It describes the details of areas such as limitation of liability, territory, intellectual property usage, commission, return policy, etc.in… Read more »