Category: B.COM NOTES

Rights and duties of principal towards his agent

TORAN LAL VERMA

We have discussed about rights and duties of agent towards his principal.  now it is essesntial to discuss the  Rights and duties of principal towards his agent – DUTIES OF PRINCIPAL 1. To indemnify the agent:• against consequences of lawful act (sec 222): the employer is bound to indemnify his great against the consequences of all lawful acts done by Read More …

FDI IN LIMITED LIABILITY PARTNERSHIPS (LLPs)

TORAN LAL VERMA

LIMITED LIABILITY PARTNERSHIP ACT, 2008 FDI IN LIMITED LIABILITY PARTNERSHIPS (LLPs) – Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country. It can be in the form of directly establishing new business(greenfield investment) or in the form of acquiring existing businesses (brownfield investment) Under the current FDI Read More …

TAXATION OF LIMITED LIABILITY PARTNERSHIPS (LLP’s)-

TORAN LAL VERMA

TAXATION OF LIMITED LIABILITY PARTNERSHIPS (LLP’s)- With the introduction of LLP Act 2008, LLP’s have come into existence, the government after a lot of discussion with tax guru’s has decided taxation of Limited Liability partnership’s in the following manner LLP will be treated as Partnership firms for the purpose of Income Tax and will be taxed like a partnership firm. Read More …