Differences between Limited Liability Partnership (LLP) and a Company
Differences between Limited Liability Partnership (LLP) and a Company LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own … Read more
Differences Between Partnership Firm and Company
Differences Between Partnership Firm and Company The principal points of distinction between a partnership firm and a company are as follows: Partnership Firm Company A partnership firm is not distinct from the several persons who form the partnership. A company is a distinct legal person. In a partnership, the property of the firm is the … Read more
Deed of Corporate Guarantee For Securing Repayment of Loan
DEED OF CORPORATE GUARANTEE THIS DEED OF GUARANTEE (this “Guarantee”) was executed at ________ this ____ day of _______ by: ABC Ltd., a company registered under the Companies Act, 2013, with Corporate Identification Number- _____________ and having its registered office at ____________ (hereinafter referred to as the “ABC or Guarantor or Borrower”, which expression shall, … Read more
Checklist For Compliance Under The Minimum Wages Act, 1948
Checklist For Compliance Under The Minimum Wages Act, 1948 Whether ; 1. The Minimum Wages Act, 1948 is applicable to the Company. 2. The company has been paying the minimum wages as notified from time to time by the appropriate Government under the Act. 3. The company has paid wages in cash. … Read more