Companies that do not intend to carry on their operations can apply for removal of their names from the Register of Companies (ROC) and the ROC can remove their names if it has reasonable cause to believe so. Striking off of the company’s name by the Register of Companies (RoC) is an alternative to winding …
Strike Off/Closure Of Company Pursuant To Section 248 Of Companies Act, 2013 Read More »
INTRODUCTION The Board of Directors are responsible for the Company’s management and for ensuring good corporate governance. The Board should run the affairs in a transparent manner and the decisions should not be prejudicial to the interest of all its stakeholders. The Company must not be run for the material benefit of a few. Therefore, the concept of Independent Directors on the Board …
Independent Directors Under Companies Act, 2013 And SEBI Regulations Read More »
COMPANY A Company is a separate legal entity distinct from its Members. It is an artificial judicial person with many rights, obligations, powers, and duties prescribed by law. A company incorporated under the Companies Act, 2013 is vested with a corporate personality so it bears its own name and acts under the name. Therefore, it …
Common Seal – Requirements in Light Of Companies (Amendment) Act, 2015 Read More »
The Companies Act, 2013 and the Secretarial Standards prescribed by the Institute of Company Secretaries of India provide for the rules and regulations regarding the appointment of Directors, conduct of Board Meetings and their roles and responsibilities. I. Meaning: As per Section 2(34) of Companies Act, 2013: “Director” means a director appointed to the Board of …
2 Revisions Loans & Investments under Section 186(1) of the Act: Section 186 of the Companies Act, 2013 deals with the Loans and Investments by a Company. Section 186(1) of the Act states that a Company shall make investment through not more than two layers of investment companies. ‘layer’ in relation to a holding Company …
Analysis of Section 186 pursuant to Companies (Amendment) Act, 2017 Read More »
What is an LLP (?) A Limited Liability Partnership (LLP) is an alternative corporate structure that offers the benefits of limited liability to the partners. Limited Liability Partnerships (LLP) are emerging ever since the introduction of the Companies Act, 2013 as the compliances and disclosures for a Company have increased. The compliances and disclosures in …
India is a developing country. It is the world’s fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the IMF World Economic Outlook (April-2019), the GDP (nominal) of India in 2019 at current prices is projected at $2,972 billion. India contributes 3.36% of the total world’s GDP on an exchange …
What is FEMA? Foreign Exchange Management Act often abbreviated as FEMA is an Act of the Parliament of India. FEMA was introduced to consolidate and amend the law relating to foreign exchange to facilitate external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. Transition period {FERA …
Background The business world is expanding and the customer requirements are high with stiff competition all around therefore organizations are finding ways and means for expanding their business by collaborating with other organizations to achieve their objectives and gain positive synergy. Joint Venture is a business proposition usually based on an agreement where the parties …
Joint Ventures – Features, Advantages And Disadvantages Read More »
Equity shares are one of the main sources of funds for Companies. Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds. The following are its basic features of Equity Share Capital: Right to vote Right to receive dividend Right to transfer freely without …
Equity Shares- One Of The Main Source Of Funds For Companies Read More »
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