Govt. Company Vs. Govt. CorporationGenerally people think there is no difference in Govt. Company and Govt. Corporation. They generally use these words interchangeably while this is not the case. As per Section 617 of the Companies Act, 1956, Govt.
DIVIDEND The term “Dividend” has been inclusively defined in the Companies Act, 1956, to the effect that it includes Interim Dividend. The Act neither specifically defines the term Dividend nor makes any distinction between interim
The provision of Sec 292A of the Companies Act, 1956 regarding the constitution and functioning of an audit committee:1. Every public co having paid up capital of not less than 5 crores of rupees shall constitute a committee of the Board known as &qu
Exemptions To Private Limited Companies 1) Financial assistance can be given for the purchase of or subscribing for its own shares or shares in its holding company - Sec. 77 (2). 2) Further shares can be issued without passing a special resoluti
Holding of office or place of profit 1) For an ordinary director: - 314 will not apply for payment of-sitting fees,-expenses reimbursement for attending board meeting- 1%, 3% commission of profit, since they are paid in capacity of director 2) Fo
The remuneration of a promoter, may be paid in cash or partly in cash and partly in shares and debentures f the company.But in the absence of an agreement with the company after its incorporation a promoter can not file a suit in a court of law for t
PROCEDURES FOR FLOATING A PRIVATE LIMITED COMPANYSTAGE 1 Apply for Digital Signature for one Director Provide address proof Provide identity proof Pay the necessary Fee for digital signature Apply for DIN Go to www.mca.gov.in
LIMITED LIABILITY PARTNERSHIP- Indian scenario- Contributed BY R.V.RAOMobile 98494362671. WHAT IS A LL.P 2. ORIGIN OF LLP IN ADVANCED ECONOMIES 3. LL.P INDIAN SCENARIO 4. INDIAN CABINET APPROVAL FOR LL.P 5.
A REWARD TO THE INACTIONS OF INDIAN CORPORATES BY R.V.RAO Can a public limited company increase the authorized share capital and not pay fees on the increased share capital under Company’s Act 1956 and then reduc
Steps to be taken to get a new company incorporated:· Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.· Ensure that the name does not resemble the nam
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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