With India ranking 86th in Corruption Perception Index, GoI has amended the Prevention of Corruption Act, 1988 on 26th July 2018. Important implications of the Act are highlighted in this article.
The amended provisions of the Indian Stamp Act, 1899 and The Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rule, 2019 brought through Finance Act, 2019 came into force w.e.f 1st July, 2020.
The Section 8 Company can be either registered as a Private Limited Company or as a Public Limited Company. Hence, the minimum number of Directors depends on the type of entity being formed.
As per section 184 of the Companies Act 2013 read with Rule 9 of Companies (Meetings of Board and its Powers) Rules, 2014 every director of the Company has to disclose his interest by giving a notice in writing.
Every single corporation shall keep one or more registers giving separately the details of all contracts or arrangements to which sub-section (2) of section 184 or section 188 applies.
In this article, we discuss the benefits, pre-requisites and steps to convert a Partnership Firm into a Private Limited Company, together with the list of documents required for such a conversion.
Performance evaluation is the process of evaluating how effectively employees are fulfilling their job responsibilities and contributing to the accomplishment of organizational goals.
Discussing the three forms of raising funds for a Private Limited Company i.e. Loans and Advances, Investment by way of Debentures, and Offering Equity Shares. ..
The residential status of a company is to be determined on the basis of its registration. Discussing Section 6(3) of the Income Tax Act which provides conditions in this connection.
A Section 8 company is almost identical to a Society or a Trust. The company registered under this section shall enjoy all the privileges and be subject to all the obligations of limited companies.
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