NOMINATION…. WHAT.. WHO.. WHY.. HOW MANY…? Every time you fill up a form for an investment or opening a new bank account, there will be a separate section that will ask you to mention a ‘Nominee’. Even if you are joining the job, the HR will ask you to fill the Nominee Form or if […]
Meaning Of Financial Year The Companies Act, 2013 defines Financial Year under Section 2(41) as: “Financial Year”, in relation to any company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the […]
In India, when a common man thinks about incorporate any business entity, at the same time, too much options click in his mind with different entity structure; like Proprietorship, Partnership, LLP and Company etc. All structures have their pros & cons and legal requirements. His first decision impacts the future of the organization. So let’s […]
Article explanations about Acceptance From Designated Partners/Members/ Shareholder (section 73(2) (Companies Act, 2013), Loan from Director or a Relative of Director (Companies (Acceptance of Deposits) Rules, 2014 read with Section 73, Loan from another Company and Loan From Banks & Financial Institutions. SR NO. PARTICULARS LLP PRIVATE COMPANY PUBLIC COMPANY 1 Acceptance From Designated Partners/Members/ Shareholder […]
Whenever Company has requirement of fund to enhance its business, it has two options – First- Owned Fund Second- Borrowed Fund ♦ OWNED FUND: (Sharing of ownership and control) 1. Equity Share Capital 2. Preference Share Capital 3. Debentures ♦ BORROWED FUND: (Interest Cost) 1. Financial Institutions 2. Commercial Banks 3. Inter Corporate Loan 4. […]
