Companies Act 2013
Company Liquidators – Appointment, Removal and Replacement (Section 275 and 276)
In general, a liquidator is an individual who is appointed to handle the liquidation process of a company when it is about to be wound up, either by force or voluntarily. The liquidator’s job is to realize the company’s assets, which must be adjusted against creditors, debenture holders, and other liabilities before the company finally ceases […]
Alka Pranjal
December 15, 2023 at 06:23 AM
Section 327 of Companies Act, 2013: Who is included under preferential creditors?
When a company goes into administration or is liquidated, the directors’ actions leading up to the insolvency will be reviewed to see if they did anything incorrect or illegal. Preferential payments are one form of transaction that is being scrutinized in this circumstance. The liquidator has to maximize return for all creditors during the liquidation […]
Amrit P Mishra
December 15, 2023 at 06:08 AM
Section 97 & 98 Of Companies Act 2013: Power Of Tribunal
Both the Sections of the Act, whether section 97 or section 98, deal with the provisions under which a tribunal can call Meetings. Specifically, Section 97 states the power of the tribunal to call an Annual General Meeting in case of any default is made; on the other hand, Section 98 states the power of […]
Alka Pranjal
December 15, 2023 at 06:04 AM
Section 198 Of Companies Act, 2013: Calculation Of Net Profit
Nowadays calculations for CSR and Managerial Remunerations hold high importance in the corporate world. Section 198 lays down the manner of calculation of the Net Profit of a company in any financial year for both CSR and Managerial Remuneration. Company secretaries must assist in these calculations and ease the understanding of the section to the […]
Divyanshita Singh
December 08, 2023 at 11:22 AM
Appointment of Foreign Directors in Indian Companies
As we know India has become the 5th largest economy in the world and by 2050 it will come in the list of the top 3 world largest economies in the world. Because of this huge achievement, India has become one of the most desirable countries in the globe for Foreign Investors, due to which […]
#appointment of foreign directors#business in india for foreigners#Business Structures#foreign directors
joel
November 29, 2023 at 10:05 AM
Procedure for Section 8 Company Registration
In India, an NGO is a Non-Government Organisation that works for non-profitable or charitable purposes. An NGO in India established as Section 8 Company under the Companies Act is governed by MCA whereas the NGO registered as a Society or a Trust is governed by the Registrar of State under the State Government. Section 8 […]
#companies act 2013#NGO#section 8 company registration
joel
November 29, 2023 at 09:55 AM