Legal Dost

When owner of an immovable property decides to confer upon another person the right to occupy and use that property, it becomes imperative to formalize the arrangement in form a Lease Deed/ Agreement.  A Lease Agreement is a document which outlines the terms and conditions governing the lease arrangement between the parties.  Under this agreement, the owner of property gives a right to tenant to use the property for a certain period of time in return of monthly rent.  A Lease Agreement should be carefully drafted so as to make sure that all terms as agreed between the parties are clearly recorded.  There are certain essential clauses mentioned below which should form part of every lease agreement-    Parties to lease-   There are two parties to a lease agreement- Lessor (one who gives the property on rent) and Lessee (one who takes the property on rent). Duration - The Lease Agreement should mention the duration of lease with commen...

Buying a home is a dream for everyone. With home prices rising exponentially, it has become difficult for buyers to afford a house on their own. A home loan becomes a big facilitator in such a situation. A home loan enables you to afford a house, which otherwise you would tend to miss.  A Home Loan is a loan taken to acquire a property or to construct a house. Home loans are also available for home repairs, home improvements, and renovations along with addition of a new built-up section to an existing home. Banks and financial institutions give home loans. You should consider certain factors before zeroing in on a home loan.  Some of the these factors are discussed here for your reference- Rate of Interest - It is the most crucial factor to consider while taking a home loan. The lower the interest rate, better it is. Lower interest rate reduces your monthly EMI payment, which in turn is pocket friendly for you. A lower interest rate ensures that your payment...

A Branch office is one of the means by which a foreign company can set up its business presence in India. A branch office is permitted to represent the foreign company in India and do permitted commercial activities and also earn income thereon. Branch office is regulated by Reserve Bank of India.  The purpose and role of a branch office is more exhaustive then the liaison office which, is not allowed to do any commercial activity in India. A Branch office is allowed to undertake business activity which is mentioned in its license granted by Reserve Bank of India. Some of these activities are- Export/ import of goods Professional or consultancy services Research work Technical and financial collaborations Representing parent company in India Information technology and software development Any other activity permitted by RBI A company desirous of opening a Branch office in India is required to obtain permission from RBI. Application to RBI is made through an ...

We are always concerned about well-being of our loved ones. This becomes more imperative when such people are not in a position to look after themselves like old parents, minor children and persons with disabilities. A trust is one such method of making provision for care and support of our loved ones.  Trust is a transfer of property form one person to another person for benefit of a third person. Both, movable and immovable property can be a subject matter of the trust. A trust can be created for any lawful purpose. A private trust is one, which is created for benefit of an individual or group of individuals. The person who creates the trust is called Author/Settlor. The person to whom property is transferred for administration is called Trustee and the person for whose benefit the property is transferred is called beneficiary.  Below are some of the common instances where a private trust is created - ✔  For benefit of old parents ✔  F...

2017 has been a year of Economic Renaissance for India. The Government took various new initiatives to bring growth, eradicate corruption and bolster Indian economy. GST and Demonetization were two main steps in this direction. Both of them aimed to expose black money, banish terrorism and tax-thugs and promote the concept of cashless India. Coming to analysis part, there are certain uprights that followed GST and demonetization. The tax returns registered an unprecedented growth of 25%. Another positive thing that happened to India after demonetization was the emerging use of digital wallets. It was a good move as more transparency could be spotted in the system’s cash flow. GST on the other hand also reduced indirect and hidden taxes bringing transparency in the goods and service domain. The main agenda behind GST was to split the taxes between the manufacturer and the service providers without victimizing the customers.   The government has made Digitization a...