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Payment of Gratuity Act, 1972 Gratuity Act refers to the Payment of Gratuity Act, 1972, a legislation enacted in India to provide employees with a retirement benefit called gratuity. Gratuity is a lump sum payment made by an employer to an employee as a token of appreciation for their long and meritorious service. Eligibility: Claim… Continue reading Gratuity act

At The Lawtech, we specialize in providing comprehensive services related to the Payment of Bonus Act, ensuring that employers comply with the legal requirements and employees receive their rightful share of annual bonuses. Our team of experts is well-versed in the intricacies of the Act, offering a range of services to facilitate a smooth and… Continue reading Payment of bonus act

INTRODUCTION According to the Companies (Amendment) Ordinance 2018, companies registered on or after 2nd November 2018 are required to submit a certificate of commencement of business. Form 20A serves as a declaration that directors must file within 180 days from the date of the company’s incorporation. This compliance is crucial, given the substantial penalties for… Continue reading Commencement of business

Why is it Important? Filing DIR-3 KYC ensures accurate details of directors, and if submitted by the due date (September 30, 2024), it’s fee-free. Failure to file within the deadline deactivates DINs, and reactivation incurs a late fee of Rs. 5000 per director. PROCESS FOR FIRST-TIME FILING : Confirm your DIN status on the MCA… Continue reading Director KYC

The tenant who wishes to take temporary possession of the property (for a specified duration) signs a residential rental agreement with the property owner. A residential rental agreement, also known as a rent deed or lease deed, contains information about the residential property that is crucial to understand. Owner of the property, renter (or tenant),… Continue reading Residential Rent Agreement