Partnership Firms in India

Partnership Firms in India A Partnership is a relation between persons who have agreed to share profits of the business carried on by all or any of them acting for all. Partnerships are a very good form of business entity…

One Person Company in India, Companies Act 2013

One Person Company in India, Companies Act 2013 Private Limited Company is one of the most widely used forms of business because it provides limited liability and is easy to maintain. However, a major drawback of a Private Limited Company…

Implications of Cheque Bounce in India

Implications of Cheque Bounce in India In India, a person issuing a cheque will be committing a criminal offence if the cheque is dishonoured (cheque bounce) for insufficiency of funds. Cheque bounce offence is punishable with imprisonment for a term…