Average order value

Average order value (AOV) is an e-commerce metric that tracks the average amount spent whenever a customer places an order on a website or application. AOV is considered one of the most important metrics in the e-commerce industry. Average Order Value (AOV) is an essential but eventually imperfect statistic to track as your company expands. […]

MedPlus Franchise

In India, MedPlus is one of the leading and fast growing healthcare retail chains which was started by the Dr Madhukar Gangadi in the year 2006. In recent years, MedPlus has grown into 1400 pharmacies throughout the country. It serves over 2,50,000 customers daily and employs over 10,000 people. MedPlus helps persons who prefers to

Advantages of LLP Over Private Limited Company

In the corporate law of India, two distinct concepts are recognised: the Limited Liability Partnership (LLP) and Private Limited Company. The Limited Liability Partnership Act 2008 provides the definition of a limited liability partnership as a corporate or incorporate body formed under this act. LLPs possess a separate legal entity from their partners and enjoy

Section 13 – The Company Secretaries Act, 1980

Resignation of membership and casual vacancies (1) Any member of the Council may at any time resign his membership by writing under his hand addressed to the President, and the seat of such member shall become vacant when such resignation is notified in the Official Gazette. (2) A member of the Council shall be deemed to have vacated his seat

Section 12 – The Company Secretaries Act, 1980

President and Vice-President (1) The Council at its first meeting shall elect two of its members to be respectively the President and the Vice-President thereof, and so often as the office of the President or the Vice-President falls vacant, the Council shall choose a person to be the President or the Vice-President, as the case may be : Provided that the President of the Council of the dissolved company shall continue to hold such

Section 11 – The Company Secretaries Act, 1980

Nomination in default of election If the members of the Institute fail to elect any member under clause (a) of sub-section (2) of section 9 from any of the regional constituencies that may be notified under that clause, the Central Government may nominate any duly qualified person from such constituency to fill up the vacancy, and any person, so

Section 10B – The Company Secretaries Act, 1980

Establishment of Tribunal (1) On receipt of any application under section 10A, the Central Government shall, by notification, establish a Tribunal consisting of a Presiding Officer and two other Members to decide such dispute and the decision of such Tribunal shall be final. (2) A person shall not be qualified for appointment,— (a) as a Presiding Officer of the Tribunal unless he has

Section 10A – The Company Secretaries Act, 1980

Settlement of disputes regarding election In case of any dispute regarding any election under clause (a) of sub-section (2) of section 9, the aggrieved person may make an application within thirty days from the date of declaration of the result of election to the Secretary of the Institute, who shall forward the same to the Central Government.

Section 10 – The Company Secretaries Act, 1980

Re-election or re-nomination to Council A member of the Council, elected or nominated under sub-section (2) of section 9, shall be eligible for re-election or, as the case may be, re-nomination: Provided that no member shall hold the office for more than two consecutive terms : Provided further that a member of the Council, who is or has

Section 9 – The Company Secretaries Act, 1980

Constitution of the Council of the Institute (1) There shall be a Council of the Institute for the management of the affairs of the Institute and for discharging the functions assigned to it by or under this Act. 1[(2) The Council shall be composed of the following persons, namely:– (a) not more than fifteen persons elected by the members of the Institute, from amongst