what is : a. statuory co.
b. corporated co.
c. subsidiary co.
d. unsecured creaditors
e. secured creditors.
plz provide me the def. of above words.
1 Replies
Vikky Vasvani
(Executive -Accounts & Finance)
(321 Points)
Replied 23 August 2012
what is :
a. statuory co. - A company Incorporated /creation by special Act of Parliament/ State Legislature or Through Gazzate notification by appropriete govt. i.e LIC, ICAI, ICSI, Reserve Bank of India, Mostly Provision of companies Act, 1956 does not apply to them.
b. corporated co. ----------- ?????? what do mean by corporate co....
c. subsidiary co. - As per Sec. 4 of the Companies Act, 1956 ... a company to be said subsidiery company of any company when a company Voting Power / Aquiared Share Capital More than 50%, Or Have Controll on Board of Directors on that co.
e. secured creditors. - they are secured by any asset/ Bank Guarantee, etc...
d. unsecured creaditors - does not have secutiry against their .
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