Section 202: Compensation for loss of office of managing or whole-time director or manager. As per the provisions of Section 202 of Companies Act 2013, compensation for loss of office/consideration for retirement from office may be paid to MD/WTD or manager subject to specified limits and except in the specified cases. (1) A company may…
View detailsChapter XX (Section 270–365) of the Companies Act, 2013 (CA 2013) deals with the provisions related to winding up. Section 293 of CA 2013 provides for books to be kept by Company Liquidator. Section 293: Books to be kept by Company Liquidator. (1) The Company Liquidator shall keep proper books in such manner, as may be…
View detailsI started working as a Legal Intern from my 2nd Semester and continued with the same Boutique Law Firm for 2 years post getting my Sanad. Around 10 years ago it was normal for law students to get into a Law Firm and work under a lawyer for around 6 months minimum, as it did…
View detailsINTRODUCTION The corporate world is growing very fast and there are so many people involved in creating value for the company. Companies have directors and employees which help a company to grow faster. Sometimes salary and other benefits do not motivate the directors and employees to work better for the company. Apart from the salary…
View detailsINTRODUCTION In today’s competitive world every company wants to generate more and more income and earn profits in their day-to-day business because they lack in so many aspects like management, nonavailability of raw materials, technology, and appropriate place for doing their business. to tackle this problem and to excel in the corporate world, they in…
View detailsThe securities of a corporation are described in a document called a prospectus, which is required by law before it may be sold to the public. In the prospectus, investors may learn about the business and why these securities are being sold.[i] . A prospectus is a document that invites the general public to buy…
View detailsINTRODUCTION People in the world find ways to generate income, and they invest their money in the share market. A share market is a market where trading is done on the price of shares. The prices of each share are shown on the Stock exchange. The companies that issue shares also share certificates. This serves…
View detailsAny document that is referred to or distributed as a prospectus falls under the definition of prospectus. Any notification, circular, advertisement, or other material that serves as an invitation to offers from the general public is also included in this. Any securities of a corporate body should be the subject of such an invitation to…
View detailsAn English Mortgage is defined under Section 58 of the Transfer of Property Act 1882. Introduction: What is an English Mortgage? English mortgage is basically a type of mortgage wherein, the mortgagor(borrower) gives the rights of property to the mortgagee (lender) in case of payment default or repayment failure. In…
View detailsSection 2 (38) “Exper” of Companies Act, 2013: Engineers, valuers, chartered accountants, company secretaries, cost accountants, and anybody else with the capacity to give a certificate in accordance with a current legislation are all considered “experts.” If a person possesses in-depth knowledge in a certain subject or special abilities that are essential to a group’s…
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