Running a company is no cakewalk, sometimes the founders of the company take tough decisions to close down the company. In the last 3 years, nearly 3.8 lakh companies are struck off under the Companies Act, 2013. Many companies are finding it difficult to function during the pandemic. There are two ways for closing a company,…
In this article, we will discuss about that how a company can be revived through an application to NCLT. The revival situation arises when name is struck off from Registrar of Companies or where a company has been declared sick. It is a well-known fact that Companies Act, 1956 was replaced by Companies Act, 2013….
In 2013, the Companies Act introduced one person company(OPC) where a company can be incorporated by a single person. The Ministry has also laid down guidelines for the conversion of a one-person company into private limited company in the Companies (Incorporation) Second Amendment Rules, 2021. In this article, we look at the definition of one…
Who doesn’t want a well-flourished business? But as they say change is the law of nature and ups and downs are part of every business. Sometimes, there comes a situation when one has to take the big step and step down from being an entrepreneur and close the business. We all know that Company is…
If you are thinking to start a finance business, Nidhi Company is one of the ways to proceed with. Nidhi Company is a mutual benefit company dealing with shareholder members and registered under section 406 of the Companies Act, 2013. Nidhi Company is incorporated with the main objective of cultivating the habit of saving. There…
Producer refers to any person who is engaged in an activity related to any “Primary Produce” which means produce of farmers arising from agriculture or any other primary activity, producer engaged in any handloom, handicraft and cottage industry, producer who assist or promote any of these primary activities or involve in an activity which is…
With industrialization at its peak in India and so were its issues, the government of India introduced various laws to regulate them. Under the Companies Act, 2013, the government, on 1st June 2016, on the recommendation of Justice Eradi Committee, established the National Company Law Tribunal (NCLT). It’s a quasi-judicial adjudicating body set up under…
Table of Content Meaning of Interim Dividend Features of Interim Dividend Sources of distribution of Interim Dividend Difference between Interim Dividend and Final Dividend Procedure of declaration and payment of Interim Dividend Wrapping up Meaning of Interim Dividend As per Secretarial Standards issued by the Institute of Company Secretaries of India, the term “Interim Dividend”…
Companies rely on funds to manage the affairs of their business successfully. Shareholders in a company play a vital role in raising funds, and in that process, they become its stakeholders. They exercise control over the share of profits in proportion to the money they invest. Dividend is known as the share of profit by…
Have you ever wondered what a company does with its accumulated earnings or when its shares price goes up? Often it issues bonus shares to its existing shareholders based on the shares owned by them. Such shares are additional shares that a company provides to its current shareholders without any additional cost. These are the…