Companies Act 2013
Section 205 of Companies Act, 2013 – Functions of Company Secretary
According to the Companies Act, the Company Secretary is an individual who – A company secretary is an officer of the company who is in charge of ensuring that the terms of the Companies Act, 2013 and other corporate, tax, industrial, and economic laws that apply to enterprises, in general, are followed. Role of a […]
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Amrit P Mishra
December 18, 2023 at 06:53 AM
Sec 33 of Income Tax Act, 1961: Development allowances
Development allowance, defined under section 33A of the Income Ta Act, 1961, is allowed for a deduction in the manner specified under this section in given circumstances. In respect of the planting of tea bushes on any land in India owned by an assessee, a sum by way of development allowance equivalent to (i) where […]
Divyanshita Singh
December 18, 2023 at 06:52 AM
Sec 331 of Companies Act, 2013: Liabilities and Rights of Certain Persons Fraudulently Preferred
Section 331 of the Companies Act of 2013 is part of Chapter 20 of the Act, which deals with the issue of company winding up. A company’s dissolution is known as winding up. Section 331 explains the responsibilities and rights of those who have been fraudulently preferred. Section 328, which deals with the problem of […]
Alka Pranjal
December 18, 2023 at 06:50 AM
Companies (Inspection, Investigation,Inquiry)act 2013
Companies( inspection ,investigation, inquiry) Act 2013 Chapter XIV (Sections 206 to 229 ) of the Companies Act, 2013 deals with the provisions related to inspection, investigation and inquiry. The Companies (Inspection, Investigation and Inquiry) Rules, 2014 published vide G.S.R. 247(E), dated 31-03-2014. Read with section 210 “Investigation into affairs of company”, section 211 “Establishment of […]
Tanish Karuia
December 18, 2023 at 06:48 AM
Companies Appointment And Remuneration Of Managerial Personnel Rules 2014
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended by Companies (Appointment and Remuneration of Managerial Personnel) Amendments Rules, 2020. Appointment and Remuneration of Managerial Personnel Rules 2014 are applicable from 1st April 2014. Rule 6 is read with section 200, “Central Government or company to fix a limit concerning remuneration.” Rule-6 specifies […]
Harshit Jain
December 18, 2023 at 06:43 AM
SECTION 422 EXPEDITIOUS DISPOSAL BY TRIBUNAL AND APPELLATE TRIBUNAL
What is National Company Law Tribunal? It is a quasi-judicial body that is authorized to deal with the corporate disputes which are civil and arising under the Companies Act. The current President of NCLT is Chief Justice (Retd.) Ramalingam Sudhakar[4]. Functions- Benches of National Law Tribunal[6]- Locations Jurisdiction Principle Bench i.e., New Delhi New Delhi […]
Sankalp Mirani
December 18, 2023 at 06:42 AM
SECTION 130: REOPENING OF ACCOUNTS ON COURT’S OR TRIBUNAL’S ORDER
This section seeks to provide for the re-opening of books of accounts and recasting of accounting records on an order by the competent court or Tribunal if it is discovered that earlier accounts were prepared fraudulently, or financial statements are not accurate due to mismanagement of the company’s affairs. REOPENING OF ACCOUNTS ON ORDERS OF […]
Aesha Gandhi
December 18, 2023 at 06:37 AM
Serious Fraud Investigation Office (SFIO) – Section 211 & 212 Of Companies Act 2013
The Serious Fraud Investigation Office (SFIO) is an Indian statutory corporate fraud investigation authority. Originally, it was established by a resolution passed by the Government of India on 2 July 2003, and it conducted investigations within the existing legal framework established by Sections 235 to 247 of the former Companies Act, 1956. Eventually, Section 211 […]
Arpita Maharana
December 18, 2023 at 06:36 AM
Advertisement Of Prospectus: Section 30 of the Companies Act 2013
Advertisement Of Prospectus – “Where an advertisement of any of a company is published in any manner, it shall be necessary to specify therein the content of its memorandum as regards the objects, the liability of members and the amount of share capital of the company, and the names of the signatories to the memorandum […]
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Gayathri Madhu
December 17, 2023 at 07:59 AM
Section 270 Companies Act 2013: Winding up by the tribunal
Section 270 Definition and Meaning Winding up of a company is the process through which a company’s existence and operations comes to an end. Its property is evaluated at realisable value and distributed to the beneficiaries like its members and creditors. A Liquidator is appointed to take control of the company who realises its assets, […]
Harmehak Kaur Anand
December 17, 2023 at 07:37 AM