Introduction: The Companies Act, 2013 will now replace the old Companies Act, 1956 in a phased manner and will come into full force when the Central Government notifies the operation of all sections and finalizes the Rules which are now on displ
The term merger has not been defined under the Companies Act, 2013 ("CA, 2013") but in commercial terms, a merger is a combination of two or more existing companies which merge their identities to form a different entity
Corporate Restructuring is a comprehensive process wherein a business enterprise undertakes the redesigning of one or more aspects of the company, with the aim of consolidating its operations and bolstering its position to achieve both short-term and long-term corporate objectives.
The provisions of Section 64VB of the Insurance Act, 138 provides that an insurance company will not resume/accept risk unless insurance premium received in advance or before the date of assumption of risk.
Financial statements are formal records of the financial activities and position of a business, person, or other entity. Let us discuss 10 FAQs on the signing of financial statements.
Every corporation must comply with the above provision in order to preserve good governance. Many Companies registered with the MCA (Ministry of Corporate Affairs) do not follow this clause of the Company Act 2013.
When it comes to borrowing money, lenders often require borrowers to provide some form of security or collateral to mitigate their risk.
An LLP can continue to exist despite changes in the partners. It is capable of entering into contracts and holding property in its own name. It can sue or be sued in its own name. LLP annual compliance standards are significantly less strict.
The word NGO (Non-Government Organization) in India refers to a body that remains detached from the Government and profit framework of usual businesses.
When the lines blur between personal and corporate finances, questions about conflicts of interest and fairness arise. Loans from directors and their relatives pose intriguing challenges, emphasizing the need to navigate this terrain with care and comprehension.
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