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  1. Definition: An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer. Description: For example, there are two commodities in the economy -- wheat flour and jowar flour -- and consumers are ...

  2. A Japanese Limited liability partnership (LLP) is not a corporation, (i.e. a separate legal entity from partners within the meaning of Anglo-American Law) but rather, exists as a contractual relationship between the partners, similar to an American Limited liability partnership (LLP).

  3. Dec 15, 2021 · Under the LLP Act, 2008, an LLP is required to prepare the LLP deed. Thus, LLPs do not have to prepare an MoA. Do all the companies require MoA? Yes, it is mandatory for every company to have an MoA as it defines the scope of its operations. The entire structure of the company is detailed in the MoA. It is to be submitted to the Registrar of ...

  4. Meaning 41 Characteristics 42 Advantages of Co-operatives 43 Disadvantages of Co-operatives 44 Suitability of Co-operatives 45 Limited liability partnership 45 Meaning 45 Characteristics of LLP 46 Advantages of LLP 47 Disadvantages of LLP 48 Association of Persons 48 Body of Individuals 48 Self Help Groups 49 Advantage of AoP/BoI 49

  5. 39. While considering classifications of companies in Chapter III of this Report, the Committee discussed the manner in which company law should apply to Government companies (Chapter III, para 7.1-7.4). The law should clearly provide the definition of a Government company in context of ownership of the Central and/or State Government.

  6. Oct 14, 2021 · In the case of a Company or Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Aadhar number of the organisation or authorised signatory is to be entered in the Udyam Registration form. PAN Card; GSTIN (GST Identification Number), if the enterprise is required to be registered under GST Law.

  7. Apr 17, 2020 · The Government vide Notification No. 39/2018–Central Tax dated 04/09/2018, amended Rule 89(4) which provides mechanism for calculation of refund amount of input tax credit in relation to zero-rated supply of goods or services or both without payment of tax under bond or letter of undertaking in accordance with provisions of sub-section (3) of section 16 of the IGST Act, 2017.

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