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Showing posts from May, 2020

All About Key Managerial Personnel in Indian Companies

Article by Sanskriti Agarwalla , Edited by Drishti Saigal . The Key Managerial Personnel The Key Managerial Personnel can be referred to as the employees of a company who are given or vested with the most important roles and functionalities of a company. They are basically the first point of contact for any stakeholder to contact the company and in most cases, you need to appoint them for your company. They are responsible for the regulations and formulation of strategies and its implementation in the company among its employees. In Indian Companies as well,they are basically the group of people who are in charge of maintaining any sort of operation of the company. They are the people having authority as well as the responsibility for any sort of planning, directing and controlling any sort of activities of the reporting enterprise. The Indian Companies Act of 1956 was replaced by the Indian Companies act of 2013 which is now considered as the landmark legislation with

Choosing your Business Legal Structure in the US: An In-Depth Guide

Article written by Priyanshi Trivedi . Edited by Sugandha Nagariya .  A lot of people dream of creating a startup. But very few think of how they should structure their business. Well, since you are reading this article, you deserve a pat on the back, as you've done the first step. Leave the rest to us. By the end of this article, you will know all the types of business structures out there, the pre-requisites to selecting a business legal structure and the pros and cons of each of the structures out there. Being an entrepreneur and being an employee in a business is a totally different thing. As an entrepreneur there lies many responsibilities, from brainstorming the product you will sell to analysing the demand and supply in market.  Each of these plans have to be done and you also need to considering various risk factors if you want to make your business successful and also fulfilling the needs of your consumers. Thinking of an idea and implementing it to star

Is Arbitration Effective for U.S Business?

Article by Rahul Sodhi , Edited by Chinmay Jain . Arbitration is commonly preferred over normal litigation nowadays whether it is India or the United States since the process of arbitration is a very cost-effective and efficient alternative to litigation. What's Arbitration Arbitration is an alternative to a court proceeding as the proceedings of the arbitration are less formal and more flexible than a court proceeding and it can provide fast and effective awards or results in a shorter span of time at a low cost with greater certainty and with a higher degree of privacy to the parties. In the process of arbitrations, the parties submit the dispute to one or more impartial arbitrators who are asked to make a binding decision on the merits of the dispute. The parties can agree to the arbitration process before or after the dispute arises as they can choose the arbitration with the permission of the court in between the court proceeding if both the parties agree.  For