Board of Directors A company, though a legal entity in the eyes of law, is an artificial person, existing only in contemplation of law. It has no physical existence. It has neither soul nor body of its own. As such, it cannot act in its own person. It can do so only through some human […]
Preference shares are often referred to as preferred stock. It means they are preferred over other types of shares for payment of Dividend and return of Capital. If the company enlists for bankruptcy, preferred shareholders are entitled to be paid before common shareholders from company assets. Most of the preferred shares have a fixed dividend, […]
According to Section 169, a company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the expiry of the period of his office after giving him a reasonable opportunity of being heard. The provision relating to removal shall not apply where the company has availed […]
The Companies Act 2013, specified the contents of a Letter Head, bills or other official communications. As per the section its should contain full name, address of its registered office, Corporate Identity Number (21 digit number allotted by Government), Telephone number, fax number, email id, website address if any. Requirements as per Section 12 (3) […]
S. No. Items 1. To Elect the Chairman of the meeting. 2. To grant leave of absence, if any. 3. To authorize a person to record the proceeding of Board Meetings. 4. To authorize a director of Company to certify and circulate certify copy of Board Minutes. 5. To note the Certificate of Incorporation of the company, issued by […]
Every company has to maintain certain registers and records for statutory, statistical, disclosure, and information management/MIS purposes. They also have to file returns with the regulatory authorities to intimate them as to material changes in the working of the company. The objective behind keeping such registers and records is not only a statutory requirement, but […]
കൃഷിയുമായി ബന്ധപ്പെട്ട ബിസിനസ്സ് പ്രവർത്തനങ്ങൾ വളരെ ഫോർമൽ ആയ രീതിയിൽ ചെയ്യണമെന്ന ലക്ഷ്യത്തോടെ കർഷകരുടെയും കൃഷിക്കാരെയും (പ്രൈമറി പ്രൊഡ്യൂസർസ്) മുന്നിൽ കണ്ടു അവതരിപ്പിച്ച ഒരു ബിസിനസ് രൂപമാണ് പ്രൊഡ്യൂസർ കമ്പനി എന്നത്. 1961 ലെ സഹകരണ സൊസൈറ്റികളുടെ നിയമപ്രകാരം രൂപീകരിച്ച സഹകരണ സംഘങ്ങളുടെ ഘടനയും ആശയവും തത്ത്വചിന്തയും അടിസ്ഥാന ചട്ടക്കൂടായി നിലനിർത്തുകയും പിന്നീട് അത് മെച്ചപ്പെടുത്തുകയും ചെയ്താണ് ഇന്ന് കാണുന്ന പ്രൊഡ്യൂസർ കമ്പനികൾ എന്ന ആശയത്തിലേക്കു എത്തിയത്. മറ്റ് വിവിധ ചട്ടങ്ങൾ പ്രകാരം രജിസ്റ്റർ ചെയ്തിട്ടുള്ള നിലവിലുള്ള […]
Starting a business means fulfilment of dream. The business was an outcome of our planning and passion. However, we may be confused about the type of business entity to start our business. Read our blog about how to choose business entity type. In this article I am trying detail about the merits and demerits of […]
Following is a brief summary about how a Limited Company can find investments or additional funds for its expansion or diversificat6ion or for other needs. All the following methods has its own procedures, specifically mentioned in the Companies Act 2013 and related rules. Different companies have different issues and require different funding requirements. Hence the […]
The Employees’ Provident Fund came into existence with the promulgation of the Employees’ Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees’ Provident Funds Act, 1952. The Employees’ Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident […]