Companies Act 2013
What Is The Shelf Prospectus Companies Act 2013? (Section 31)
What is a Prospectus? – The prospectus is a legal document that describes the company’s financial securities available for purchase by investors. It is a legal document that details the features, prospects, and promise of a financial product for market participants and investors to explore. It is required by law to be provided to potential […]
Shubham Mishra
December 19, 2023 at 06:11 AM
Section 10a Of Companies Act 2013: Commencement Of Business
Section 10A of the Companies(Amendment) Act 2013, the Companies Act, Certificate of Incorporation, Erstwhile Companies Act 1956 Section 11 Commencement of business, etc. [Effective from 01-04-2014 to 29-05-2015] A company having a share capital shall not commence any business or exercise any borrowing power unless – (a) A director files a declaration with the Registrar […]
Arpita Maharana
December 19, 2023 at 05:53 AM
Section 8 of the Companies Act 2013: Incorporation Of Section 8 Company
Philanthropic and social welfare activities are becoming increasingly important in today’s world. With changes in the economy, society, and traditional family support systems, there is a growing need for organizations that can promote social responsibility and benefit communities. In India, such non-profit organizations can be registered under Section 8 of the Companies Act, 2013, as: […]
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Aryan Mohanty
December 19, 2023 at 05:51 AM
Section 184: Disclosure Of Interest By Director- RegisterKaro
INTRODUCTION: As per Section 184 of the Companies Act 2013, deals with the Disclosure of Interest by Directors. General Disclosure and Specific Disclosure. Section 184 of the Companies Act of 2013 governs the disclosure of a director’s conflict of interest. It states that every director must disclose his concern of interest in any company or […]
Sankalp Mirani
December 18, 2023 at 10:54 AM
71A. Transitional provisions for set off of loss under the head ―Income from house property.
SET OF LOSSES To set off losses is to compare the losses to the revenue or profit for that specific year. Losses that aren’t offset against income in the current year can be carried over to the following years to be offset against income in those years. An inter-head set-off or an intra-head set-off can […]
Swagata Pramanik
December 18, 2023 at 10:52 AM
Section 73 Of Companies Act 2013: Deposits In Company Law
Provisions relating to deposits along with the Companies (Acceptance of deposit) Rules, 2014 are given below : As per section 2(31),’ Deposits’ includes any receipt of money by way of deposits or loan or in any other form by a company but does not include such categories of amount as may be prescribed in consultation […]
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Jain Saloni
December 18, 2023 at 10:50 AM
COMPANIES ACT 2013: ACCEPTANCE OF DEPOSITS FROM THE PUBLIC BY CERTAIN COMPANIES AND PUNISHMENT
ACKNOWLEDGEMENT OF DEPOSITS: Deposits are one of the options open to the company for raising funds to meet its short-term and long-term funding needs. The invitation and acceptance of deposits are governed by Section 73 to 76 of the Companies Act 2013 (hereafter referred to as the Act) and Rules adopted under Chapter V of […]
Jain Saloni
December 18, 2023 at 10:36 AM
Section 165 Of Companies Act 2013: Number Of Directorships
The Act lays down the provisions regarding the appointment, rights, and duties of the directors. Any person appointed as a director of a company has the freedom to be a director in another company. However, Section 165 of the Companies Act 2013 states the provisions relating to the number of directorships a person can hold […]
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Gayathri Madhu
December 18, 2023 at 10:34 AM
Section 132 Of Companies Act 2013: National Financial Reporting Authority (NFRA)
What is NFRA? The National Financial Reporting Authority (NFRA) is an independent organization constituted under Section 132 of the Companies Act of 2013. This authority was brought into effect on October 1, 2018, and it has been in operation since then. Section 132: Constitution of National Financial Reporting Authority The Central Government may, by notification, […]
Divyanshita Singh
December 18, 2023 at 10:32 AM
Section 96 of Companies Act 2013
Section 96 of Companies Act,. Annual general meeting “(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall […]
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Vaibhav Bhatt
December 18, 2023 at 10:29 AM