Section 186 of the companies Act,2013 and its comparison with the predecessor provision Section 372ARamaswami Kalidas
Section 2 of Companies Act, 2013, does not define the following: Principal Business Activities means those business activities which are mentioned under the main objects of the company Advance means literally a payment beforehand. In certain cases, it may be a loan but it cannot be said that ...
Section 178 of CA 2013 provides for Nomination and Remuneration Committee and Stakeholders Relationship Committee. Recently, we have discussed in detail section 177 (Audit Committee) of CA 2013. Today, we learn the provisions of section 178 of Companies Act 2013. The provisions of section 178 ...
Section 339 of the Companies Act 2013 is a critical law that deals with unfair business practices in India. Simple to Understand Section 339 of the Companies Act Section 339 of the Companies Act 2013 (hereinafter referred to as “the Act”) is a significant clause that addresses India’s ...
1. A one person company cannot be incorporated U/S 8 of The Companies Act 2013 (Charitable Objectives) 2. A one person company cannot carry out Non-Banking Financial Investment Activities including investment in securities of anybody corporate. 3. One Person Company cannot be converted in another...
As per provisions of Section 180(1)(a) of the Companies Act, 2013 the Board of Directors of a Company is permitted to exercise the said power with the consent of a Company by a special resolution only (as opposed to an ordinary resolution under Section 293(1)(a) of the Companies Act...
See the UK Companies Act, Section 197(2), and similarly for quasi-loans in public companies, see Section 198(3). It may even be possible for the shareholders to bring a claim against the director of a sub-subsidiary called a ‘multiple derivative claim’. ...
while companies at the regime level perceive the opportunities of collaborative governance. The lack of shared expectations of governance can destabilize the regime practices, which can further act as a lock-in and prevent a transition to the circularity of textiles. Accelerating the transition toward...
INTRODUCTION: The concept of having a body such as National Financial Reporting Authority is not new as such. The Institute of Chartered Accountants of India already has many of these powers. As per section 211(3C) of Companies act 1956, every balan
5% Off on Professional Courses And Much More! Subscribe Now Clause Xii • Whether Nidhi company has complied with net owned funds to deposit in ratio of 1.20 to meet liability . • Whether Nidhi company is maintaining 10% unencumbered term deposit as laid down under rules . Whether there ...