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100 things to do during lockdown

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During this lockdown time, Instead of sitting idle in home you can do the following things to spent time, housekeeping, create records. HOUSE AUDIT AND CHECK LIST 1 Aathar cards, Voter’s ID, PAN card, Office ID cards, Ration card  2 Agents name and contact numbers – Insurance , Mutual funds, Shares 3 Air conditioner and stabilizer 4 All loan details   5 All water pipe lines 6 Annual maintenance  contracts for equipments 7 Arrange –  DVD’s 8 Arrange Books and it's Index 9 Arrange photo Albums year wise 10 ATM cards 11 Awards and Sports certificates 12 Bank locker Numbers & All Duplicate keys 13 Bath room fittings 14 Bath room gaizer 15 Battery – Wall clocks , TV remote, Toys, AC remote, Torch light 16 Bills of all Articles -  File 17 Birth certificates 18 Bore well pumps 19 Calling bell 20 CCTV Connections 21 Children - Vaccination dates 22 Children ID cards 23 Club membership cards 24 Community certificate 25 Credit cards and Payment due dates 26 De -mat account det

There's more than one way of setting up an NGO

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Typically, educational, charitable, research, training, scientific development institutions and other non-governmental or voluntary organizations in India are set up as companies established under section 25 of the Companies Act, 1956, or a society registered under the Societies Registration Act, 1860, or a charitable trust. Under section 25, a company can be incorporated for promoting commerce, art, science, religion, charity or any other useful object. It applies profits or other income for promoting these objects. Such a company, while prohibited from declaring dividends and using words "limited" or "private limited" in its name, enjoys a number of exemptions from the operative provisions of the Companies Act. Nevertheless, incorporation of a company under section 25 is a time-consuming process and typically takes anything between three and four months. Such companies are permitted to receive grants or donations from outside India. The grants and d

Deep Pocket Syndrome

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Property insurance is a highly specialized line which requires various kinds of technical expertise in assessing a loss as well as settling a claim. The ‘insured’ in this case are usually commercial buildings, factories, godowns etc. and the goods/assets stored therein. Property insurance is also a high-value sector as it provides cover to heavy engineering projects, machinery, construction etc. which is often spread over a large geographical area. Valuation of the asset at the underwriting and the claims stage involves complicated stock accounting process which makes the nature of this business scientific and impersonal in comparison to other retail lines of insurance.  The quantum of loss in property insurance is usually very large with the value of claims can be very high worth hundreds of crores in a single location. For any damage exceeding 20,000, IRDA approved surveyors are appointed who serve as independent experts and are able to assess the damage on the basis of t

Menstrual Man of India - Arunachalam

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The year 1998, Arunachalam Muruganantham of Coimbatore in Tamil Nadu began a revolution. It started shortly after marrying his wife, Shanthi, Muruganantham noticed that She would gather up old rags whenever she was about to begin her period. When Muruganantham asked her about this, and asked why she did not buy proper hygienic pads, she said it was too expensive. As a sentimental gift to his wife, he bought her some proper pads, but he could only afford one pack. Muruganantham was outraged by this, knowing that the majority of impoverished Indian women could not afford the pads. So began his journey into creating and supplying the rural areas of India with affordable sanitary pads. It is all about Love... Arunachalam Muruganantham's invention came at great personal cost - he nearly lost his family, his money and his place in society. But he kept his sense of humour. "It all started with my wife," he says. In 1998 he was newly married and his world revolv

THE LIMITED LIABILITY PARTNERSHIP ACT, 2009 – AN OVERVIEW

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BACKGROUND The Limited Liability Partnership (LLP) Act, 2008 introduced the well renowned form of business organization – The LLPs into India. The Act considered the suggestions of the various Parliamentary Standing Committees such as the Naresh Chandra Committee, J.J.Irani Committee and the Abid Hussain Committee. The Act was notified on 31st March 2009, and is effective from 1st April 2009.   KEY FEATURES OF THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 a)        LLP is a separate legal entity separate from its partners, can own assets in its name, sue and be sued. b)        LLP has a perpetual succession, and remains unaffected by any change in the constitution of its partners. c)        The management of the LLP is done through its designated partners. d)        One partner is not responsible or liable for another partner’s misconduct or negligence. e)        Minimum of 2 partners are required to incorporate an LLP. At least one partner should be a resident of

Quilling – First form of 3D Art – Indian Quillers perspective

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Since the U.S. Postal Service unveiled its first “Love” stamp in 1973, the annual design has featured roses, swans, ribbons and, yes, plenty of hearts. But none quite like this one. “ We consider stamps to be miniature works of art ,” says William Gicker, the Postal Service’s manager of stamp development. And indeed, the average Valentine-sender probably has no idea just how much time and effort went into creating the impossibly ornate, three-dimensional handmade artwork featured on the 44th “Love” stamp. First there was a general idea from one of the Postal Service’s art directors, followed by review by a citizen committee. Then there were months of sketches and revisions to determine the exact specification and the precise placement of every colorful swirl of paper, which required approval by the postmaster general. And then it took seven days for London-based artist Yulia Brodskaya to create the delicate heart design that will adorn the upper right corner of countless lette