You must know that BIS certification is voluntary in nature. However, the Central Government has made obtaining BIS certification compulsory for certain products due to specific considerations, viz. protection of human, plant and animal health, public interest, the safety of environment, national secur...
may also be used by a private company limited by guarantee, such as a charity or university (these may obtain dispensation from the Registrar of Companies to operate without the suffix). NL (No liability): A type of mining, speculative, or research company with no right to call up ...
The court can pass an order for winding up and forcefully shutting down an organization. This is known ascompulsory liquidation. If someone connected to the business files a petition, this action could be done. This could be a director of the company or a creditor awaiting payment. However, ...
A foreclosure or Chapter 7 liquidation takes places when a creditor gets a court order to take possession of a company's assets. An agent is usually appointed by the creditor to tend to this type of liquidation. A voluntary (or orderly) liquidation occurs when the business agrees to sign ...
Company accounts are essential for understanding a company's financial health and performance. Key components include the balance sheet, income statement, and cash flow statement, each serving a specific purpose. The balance sheet offers a snapshot of as