ROC COMPLIANCE: Companies Act, 2013 provides for compulsory annual filing for all the company which are incorporated under Companies Act, 2013 or any other previous act and for all LLP under Limited Liability Partnership Act, 2008. The filing with ROC can be done once in a year or on the happening of any event. The […]
The 45th GST Council Meeting was held on 17th September 2021 Friday, it was a physical meeting after a gap of two years and our Union Finance Minister Nirmala Sitharaman, State Finance Ministers at Lucknow and Uttar Pradesh were presented at the meeting. The decision taken was overall people friendly and long due. Additionally, the […]
A meeting held totally by means of either Video conferencing or other audio-visual means is known as Virtual Meeting. In virtual meeting there is no physical presence of participants and there is no specified venue for the purpose of meetings. Participants that are located at different places can participate in the meeting either by teleconference or video conference or combination of them at time decided.
Meaning of Related Party’ under Section 188 of the Companies Act, 2013 The meaning of the word ‘Related Party’ is given under Section 188 of the Companies Act, 2013 and also includes the following: ◊ A director or his relative; ◊ Key managerial person or their relative; ◊ A firm where a director, manager or […]
Article explains Nature of Limited Liability Partnership (LLP), Advantages of Limited Liability Partnership (LLP) Disadvantages of Limited Liability Partnership (LLP), Procedure for Incorporation of LLP, Limited Liability Partnership Agreement (LLP Agreement/Deed) and Some of the Essential Clause in Limited Liability Partnership Agreement (LLP). LLP is a corporate business vehicle that enables professional expertise and entrepreneurial […]
A meeting may be generally defined as a gathering or assembly or getting together of a number of persons for transacting any lawful business. There must be at least two persons to constitute a meeting. Therefore, one shareholder usually cannot constitute a company meeting even if he holds proxies for other shareholders. However, in certain […]
Section 186 of the Companies Act, 2013 | Loan and Investment by Company Section 186 of the Companies Act, 2013 deals with the loans and investments by the companies: 1. No company shall invest more than two layers in investment company. For Eg. X Ltd is holding 51% in Y Ltd and Y Ltd is […]
Meaning of Oppression And Mismanagement The word ‘Oppression’ is not defined under the Companies Act, 2013. Oppression is the movement made by the authority in unjust manner against the party who gave his consent. As per the Dictionary of Black Law, the term ‘Oppression’ means ‘the act or an instance of unjustly exercising power.’ Oppression […]
Liquidation process is the last stage where a creditors can recover their money from the company. First, the company go for the resolution process and if it doesn’t work then the company goes for the liquidation process. For recovering the money from the company, an auction is conduction to sale the assets of the company.
Geographical Indication In India – Geographical Indication of Goods (Registration And Protection) Act 1999: Until recently, people were not able to register Geographical indications in India and as there was an absence of statutory protection; Indian geographical indications had been also misused by persons stays outside India to show that goods are not originating from […]
