‘Buy-back’ means the purchase of its own shares or other specified securities by a company. A buy-back represent a more flexible way of returning surplus cash to its shareholders as it is governed by a process laid down by law.
Related Party Transaction As per companies act, 2013 Related Party Definition – Section 2(76) of Companies Act, 2013 ‘related party’, with reference to a company, means— (i) a director or his relative; (ii) a key managerial personnel or his relative; (iii) a firm, in which a director, manager or his relative is a partner; (iv) a private company in which a director or manager or his relative is a member or director; (v) a […]
A firm may admit a new partner for various reasons such as Increasing Level of Capacity by Extra Capital Introduction, Spreading of Losses, Technical or other Skills and Knowledge. In this Chapter of Accountancy, we will discuss about various accounting Problems and their solutions in a simple manner – Problems – 1. Calculation of New […]
Section 8 License Company – It is a Company which is formed under section 8 of Companies Act, 2013 and the main objects behind it’s formation is to promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object. It is a Non – Profit Organization […]
One Person Company [Section 2(62)] – “One Person Company” means a company which has only one person as a member. Section 3 of Companies Act, 2013 and Rules 1-7 of Companies (Incorporation) Rules, 2014 dealing formation of this type of company. Formation of One Person Company – One Person Company is also an another form […]