An employment contract specifies the terms and conditions of employment, as well as the duties and rights of you and your employer. This document is needed by law to be provided to you no later than two months from the initial day of employment, but ideally on your initial day with an employer. It is also called the Employee Non-disclosure Agreement.
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Registering your business as a private limited company holds many advantages, some of which are as follows:
One of the biggest reasons to register a private limited company is that other shareowner must first offer to sell their shares to you, before providing the same to third parties. As a result, there is greater control over the shares and the people who can make managerial decisions on the company's behalf.
All investors invest in Private Limited Company because of its Equity Structure. Generally, the investment is made through either equity shares or preference shares in the company. PareekG can help you in becoming an Investor ready
A Private Limited company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. Once you register your business as a private limited company, it becomes a legal entity with its PAN and TAN. As a result, the company continues to exist even after the founders pass on.
A private limited company's limited liability structure enables shareholders to walk away with their assets unscathed should an unfortunate event occur. This is perhaps one of the foremost reasons people choose to register a private limited company in India.
Publicly traded companies must disclose their financial information to the public, which means they are open to more scrutiny. However,this is not the case with private limited companies in India. Shareholders can enjoy greater transparency with regard to their financial earnings.
One of the biggest drawbacks of having a publicly-traded company is that with the number of shareholders increasing, the managerial process and operations tend to grow more complex. This is mainly because different shareholders bring their inputs regarding how the business should be run.
Registering your business can feel like a daunting prospect due to the documents required and the legal processes that you must partake in. Pareek G can help you register your business online in just a few simple steps.
An Employment Agreement is the single legal document between the Employer and Employee, which puts out the rights, duties, and responsibilities of both parties during the employment term. An Employment Agreement is a crucial document in guiding employees as it lays down the rights and responsibilities of both the Employer and the Employee. From the junior-most level to the CEO, everyone is an Employee, and to control the employees efficiently, one requires to have an Employment Agreement.
An Employment Agreement should clearly define the terms and conditions of employment. The most common
elements discussed in the Employment Agreement are:
Job Description of the Employee
Term of the Employment
Employee benefits
Remuneration/compensation to the Employee
Leave Policy
Grounds for termination
Protection of Confidential information
Ownership of Intellectual Property
Dispute Resolution
Governing laws and jurisdiction
Any other provisions deemed to be relevant to the Employer.
In the case of individuals hired on a contractual basis for a limited period of time such as candidates hired for specific projects Service Agreement is drafted instead of an Employment Agreement.
With Pareek G, it is refreshingly simple to register your company online. Here’s what you need to do:
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