SLE legal entities can provide liability protection

Separate Legal Entities(SLE) BOON or BANE By Prof. K. Shanthi Augustin M.Com., M.Phil.,MBA., B.Ed. Jyoti Nivas college Bangalore Education for all www.augustin.co.nr

If you find this material useful to You, down load freely and send SMS To others or send Email to your Friends and unfortunates. Freely express your views to Me. [email_address] I was walking with my kids on a dark night

History behind SLE ,[object Object],[object Object],A man was following us….

History-meaning of company ,[object Object],[object Object],[object Object],[object Object],I cautioned my husband. “He seems to be a drunkard…”

History-Liability of sole proprietor and partners of partnership firm ,[object Object],[object Object],[object Object],I was speaking in English so that the man does not understand

Bad practices before SLE ,[object Object],[object Object],After a few minutes I told my husband..

Abolition of enslavement ,[object Object],[object Object],Be careful. Let us walk fast to reach the village to stay during the night

Bad practices-Before SLE ,[object Object],[object Object],[object Object],What happens next?

New development ,[object Object],[object Object],Turn to next slide…..

Pure Limited liability ,[object Object],[object Object],The man started talking to us in…..?

The first recorded company ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],English saying….?

Limited liability and their importance ,[object Object],[object Object],[object Object],[object Object],Don’t worry. I am a blind man. After finishing my work I take this route.

First Case law in favour of SLE ,[object Object],[object Object],To reach my village. He asked us the place where we were heading to

Case-2 ,[object Object],[object Object],We told him.He replied???

Case-3 ,[object Object],[object Object],What was his reply??

Case-4 ,[object Object],[object Object],I will take you there. Don’t worry. I Know the way.

Case-5 ,[object Object],[object Object],Lesson: We judge people based on dress, colour and the way they speak. Judge Not!!!

Case-7( Indian Income tax point of view) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Case-10 ,[object Object],[object Object]

Case-12 ,[object Object],[object Object],[object Object]

Answer-13 ,[object Object],[object Object],[object Object]

Case-14 ,[object Object],[object Object],[object Object]

Lifting of corporate veil ,[object Object],[object Object]

Case-1-enemy company ,[object Object],[object Object]

Case-2(Evade tax liabilities) ,[object Object],[object Object]

Case-3(Work men compensation) ,[object Object],[object Object]

Case-4(set off and carry forward of losses) ,[object Object],[object Object],[object Object]

Amalgamation……. ,[object Object]

Case-5(no.of members below statutory limit) ,[object Object]

Life education ,[object Object],[object Object],[object Object],[object Object],www.augustin.co.nr

SLE legal entities can provide liability protection

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SLE legal entities can provide liability protection