The government of India is planning to amend Section 67 of Limited Liability Partnership (LLP) Act 2008 along the lines of The Companies Act. The main push for this amendment comes after a realisation that the laws governing Indian LLPs are less stringent compared to the laws governing companies. At the moment, LLPs are not …
What is a WILL? In India, as in every other part of the world, a WILL refers to a unilateral legal document wherein a person (‘testator’) declares his intention with respect to disposal of his property which he desires to take effect after his death. Such a disposal comes into effect only after the death …
Everything you need to understand about WILLS in India: A Comprehensive Primer Read More »
The National Financial Reporting Authority (NFRA) is an independent regulatory body constituted under Companies Act 2013 (Section 132). The constitution of this authority is effective from 1st October 2018. The main purpose of the NFRA is to assist in the framing and enforcement of legislation relating to accounting/auditing. It is an effort by the Indian …
