We can define insurance is a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium or we can say that insurance a thing providing protection against a possible eventuality.
The provisions of Section 64VB of the Insurance Act, 138 provides that an insurance company will not resume/accept risk unless insurance premium received in advance or before the date of assumption of risk.
The government has provided various forums for resolution of disputes of dissatisfied policyholders and the “Insurance Ombudsman" is one of them.
In this editorial, the author shall discuss the Process and provisions of extension of Due Date of Annual General Meeting (hereafter referred as "AGM").
The process of transferring EPF by an EPF account holder has been made seamless by EPFO. It can be done online by way of a few clicks on by logging in at the Unified EPFO member portal
The deadline for linking the EPA account to the Aadhaar card has been extended. Subscribers can now link their UAN to Aadhaar by December 31, 2021. Earlier, its last date was August 31, 2021.
As the annual filing season is coming along the way, it is pertinent to have a clear understanding about the applicability of the definition of small company. For that matter, let's have a look at some of the important points of consideration.
The FCRA was enacted to regulate the acceptance and utilization of foreign contribution or foreign hospitality by certain trusts or associations or companies and to prohibit acceptance and application of such contribution towards any activities detrimental and inimical to the National interest and for matters allied therewith or incidental thereto
Section 96 of the Companies Act, 2013 provides that every company other than a one person company shall in each year hold an Annual General Meeting of its shareholders and not more than fifteen months shall elapse between the date of one annual general meeting of the company and that of the next.
Limited liability partnership is a body corporate and legal entity separate from its partners. LLP has fewer compliances as compared to registered companies.
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