learn

The government constituted the Tamil Nadu Labour Welfare Board in 1971 to promote the welfare of the employees and their dependents. The government also enacted the Tamil Nadu Labour Welfare Fund Act in 1972 and established the Tamil Nadu Labour Welfare Fund. The employees and employers covered under the Act must mandatorily contribute to the Fund yearly once. […]

Solvency Certificate is a document that provides information about the financial stability of an individual/entity. Solvency Certificates in Karnataka are issued on request of the individual or entity by the revenue department and Banks. Banks generally issue Solvency Certificates to their customers based on the account details and transactions (both current and savings account) and

A mutual fund pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. For millions of Americans, these funds are the cornerstone of their retirement savings, offering professional management and built-in diversification that would be difficult to achieve on their own. In a mutual fund, investors pool their money to buy

A Shareholders Agreement is a legal document that outlines the rights, responsibilities, and obligations of shareholders in a company. It’s especially useful for private companies and startups to avoid conflicts and ensure smooth business operations. What is a Shareholders Agreement? A Shareholders Agreement (SHA) is a binding contract between the shareholders of a company. It

A Share Purchase Agreement (SPA) is a legal contract between a buyer and a seller to transfer ownership of shares in a company. It’s commonly used when someone is buying or selling shares of a private limited company. What is a Share Purchase Agreement? It is a written agreement that sets out the terms and

The Quality Council of India (QCI) is an autonomous body (not controlled directly by the government) set up in 1997 by the Government of India along with Indian industry associations like CII, FICCI, and ASSOCHAM. Its main aim is to improve the quality of products, services, and systems in India across various sectors like health,

The International Driver’s Permit (IDP) is a globally recognised travel document issued under the authority of the United Nations. It serves as an official translation of your domestic driver’s license, making it easier for authorities in foreign countries to verify your driving credentials.An Indian citizen planning to travel abroad and drive a car or motorbike in a

Professional Tax is a tax levied by state governments in India on individuals earning income through professions, trades, or employment. It is applicable to salaried employees, self-employed professionals, and businesses. Many salaried employees might be very well aware of the term ‘professional tax’ as it would have been mentioned in the payslips/Form 16 issued to

A Business Transfer Agreement (BTA) is a legal document used when a business (or a part of it) is being sold or transferred from one party to another. It outlines all the terms and conditions of the sale, making sure both parties Re-organizing the business whether financial, technological, organizational by way of merger, amalgamation, arrangement,

Conjugal Rights refer to the rights and responsibilities that a husband and wife have towards each other after marriage. These rights include: Right to live together Right to companionship Right to physical relationship (consensual) Right to mutual respect and support What is Restitution of Conjugal Rights? If one spouse (husband or wife) leaves the other