“With the development of the practice, there will be more and more ‘exception’ phenomena which can’t be explained by the original thoughts or theories. Once these exceptions developed to such an extent that waved people’
Features of Private Limited Company Separate Legal Status Capacity to borrow Easy Transfer of shares Minimum number of Members : 2 ; Maximum number of Members : 200 Minimum Capital : Nil {omitted by Companies (Amendment) Act, 2015} Limited Liability
MEANING:The expression �alter� means to modify/change or vary; to make or become different in some respect.As per Section 2(3) of the Companies Act, 2013 (the Act) �alter� and �alteration� shall include the making
The Companies Act 1956 did not contain any mandatory provisions relating to Risk Management, whereas the Companies Act 2013 placed specific expectations on important stakeholders in a company, namely, the Board of Directors, Audit Committee and the I
DRAG ALONG AND TAG ALONG RIGHTS UNDER SHAREHOLDERS� AGREEMENT;-As we know in private limited and closely held public limited companies, there are restrictions on transfer of shares. When an entrepreneur starts a venture or business with new ide
The Schedule II of the Companies Act, 2013 namely, Useful lives to compute Depreciationhave been brought into effect from 1st April, 2014 with a General Circular 08/2014 dated 4th April, 2014, replacing t
Fast Track ExitIntroductionThe Fast Track Exit (FTE) mode is introduced by the Ministry of Corporate Affairs (MCA) vide General Circular No. 36/2011 dated 7th June, 2011 (the Circular) and made effective from 3rd July 2011 as a Fast Track opportunity
INTRODUCTIONThe concept of non-profit making company is quite old in India. In erstwhile Companies Act, 1956 it was regulated by Section 25 and that is why it was popular as Section 25 Company. However in Companies Act 2013 provisions related to non-
INCORPORATION PROCEDURE FOR LIMITED LIABILTY PARTNERSHIP (LLP)Limited Liability Partnership is a form of business organization which has been introduced in India by way of LLP Act, 2008. A Limited Liability Partnership combines the benefits of both
Section 8 CompanyIntroductionSection 8 Company is a Company licensed under Section 8 of the Companies Act, 2013 (the Act), erstwhile known as Section 25 Company under the Companies Act, 1956, which has main object; For promoting commerce, art, scienc
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
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