Jan Lokpal Bill is a proposed anti-corruption law in India. The bill was first introduced by Shree Shanti Bhushan in 1968. It was passed through the Lok Sabha in 1969 but could not be passed in the Rajya Sabha. Various versions have been introduced in the number of years, but could never be passed in any of these years.
XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. All types of organizations can use XBRL to save costs and improve efficiency in handling business and financial information. Read this article to know about XBRL in detail.
The Company Bill 2009 proposes some significant provisions which are of national importance which will enable the corporate sector in India to operate in a regulatory environment following best international practices that foster entrepreneurship, investment and growth.
Information Technology Act, 2000 saw some important changes through Information Technology (Amendment) Act, 2008.
Important new terms like electronic signature and electronic signature certificate have been introduced. New offences have been introduced. For national security purposes some sections have been added.
The given article summarises important amendments and is not exhaustive.
Limited Liability Partnerships can be described as a hybrid between a company and a partnership. LLPs are governed by Limited Liability Partnership Act, 2008.
LLPs also provide a platform to professional firms of Company Secretaries, Chartered Accountants, Advocates etc. to conduct their business/professional activities under the organisation structure recognised as separate legal entity, limiting their personal liability and increasing their global competitiveness.