The differences between sole proprietorship, partnership, limited liability partnership (LLP), private limited company, and public limited company: Sole Proprietorship: A sole proprietorship is a type of business entity where a single person owns and operates the business. It is the simplest form of business organization and requires no formal registration or legal documentation. The owner […]
Here are some key legal points to note while starting a new business: It is always advisable to consult with a good Company Law lawyer in the city or a good lawyer online to arrive on all the checklists that has to be ready before you start a business. Frequently Asked Questions:
Banks typically declare a loan as a non-performing asset (NPA) if the borrower fails to repay the loan for a specified period of time, usually 90 days or more. This means that if a borrower fails to make timely payments of principal or interest on their loan for 90 days or more, the loan can […]
An unregistered sale agreement between the buyer and seller for an immovable property is generally assumed to be invalid, but it is a valid contract. However, the important question arises about its validity as an evidence in the court of law, as it is not registered. Based on Section 17 of the Registration Act, 1908 […]
It is possible to convert residential plots to agricultural land, but the process is subject to certain conditions and regulations. The conversion process is governed by the Tamil Nadu Conversion of Land Use (Amendment) Rules, 2020, which outline the procedures and requirements for land conversion. Before initiating the conversion process, it is important to consider […]
Obtaining building plan approval in Tamil Nadu, India involves several steps and requires compliance with several rules and regulations. Here is an overview of the process: It is important to note that the process of obtaining building plan approval can be complex and time-consuming, and it is advisable to seek the assistance of a qualified […]