Nidhi Company – Provisions as per Companies Act 2013 Nidhi Company means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as […]
Category Archives: Companies Affair
Company affairs policy,valuation under companies act,companies act 2013;Companies Amendment (Bill) 2017,Corporate Taxation,Laws,Acts,Circular,Notifications
Critical issue of removal of auditor Many professionals have been raising question on interpretation/ procedure for removal of auditor:- Situation: The Companies Act, 2013 permits removal of auditor before completion of his term. The procedure for removal of auditors is given in sub-section (1) of Section 140 of the Act. If a Company is not […]
Basics of Non Government Organisations Across the world, governments are largely choosing the role of welfare state, i.e. taking case of the well-being of the people at large. Government, with limited resources and limited functionaries, cannot reach the people in every nook and concern of the society.
CONVERSION OF A FIRM INTO LLP Section 55 of the Limited Liability Partnership Act, 2008 (‘Act’ for short) provides for the conversion of a firm into llp from firm into limited liability partnership (‘LLP’ for short). Section 55 provides that a firm may converted into a LLP in accordance with the provisions of Chapter X […]
Sebi stricts on norms of promoter-private equity side deals The SEBI stricts on corporate governance norms on compensation agreements between promoters and private equity (PE) funds so that they wouldn’t cut other shareholders out of the loop and allowed foreign portfolio investors to invest directly in corporate bonds without a broker.