The provisions pertaining to company accounting are covered in Chapter IX of the Companies Act, 2013 (CA 2013), which is comprised of Sections 128 through 128. According to Section 133 of CA 2013, the Central Government may specify accounting standards. The Ministry of Corporate Affairs (MCA) has announced Section 133 of the Companies Act, 2013…
View detailsI am Akarsha Bajpai. I earned a Bachelor of Commerce and am presently enrolled in third year of University of Lucknow. I have done specialization in French Language from the above mentioned university. I have also done several courses of NIELIT like CCC, CCC+, BCC, and O LEVEL. Being a legal student can be a…
View detailsAbout Abantika I am Abantika Kar, a 4 th year law student at Department of Law, University of Calcutta (Hazra Campus), Kolkata. I have done my schooling from Kendriya Vidyalaya R.B.N.M Salboni and thereafter I came to Kolkata to pursue my childhood dream of becoming a lawyer. My area of interest in law lies in…
View detailsA Global Depository Receipt is a negotiable instrument denominated in a foreign currency. Through a GDR, Indian companies can trade their shares on international exchanges other than the US. The depository receipt for an Indian company is issued by a foreign depository. On that country’s domestic exchange, depository receipts trade similarly to shares. As a…
View detailsA share certificate is a written document issued by a company to act as legal proof of ownership of the number of shares as specified in the certificate. It can also act as a receipt towards the purchase and ownership of shares of a company. In simple words, it certifies the shareholder with registered ownership of…
View detailsCOMPANIES (CREATION AND MAINTENTENANCE OF DATABANK IN INDEPENDENT DIRECTOR) RULE,2019 Section 150: This is new section which provide the manner or selection of independent director and maintenance of databank by anybody, institute or association as may notified by cental government. This section also tells prescription power of cental government. Notification from the Government of India’s…
View detailsINTRODUCTION A Global Depository Receipt is a negotiable instrument denominated in a foreign currency. Through a GDR, Indian companies can trade their shares on international exchanges other than the US. The depository receipt for an Indian company is issued by a foreign depository. On that country’s domestic exchange, depository receipts trade similarly to shares. As…
View detailsThroughout history, numerous tribes or civilizations have adopted euthanasia in some form or another. In some circumstances, it was thought acceptable in ancient Greece and Rome to aid in another person’s death or to execute them. For instance, infants with serious birth abnormalities were executed at the Greek city of Sparta. Several ancient civilizations accepted…
View detailsDirector Identification number [section 153-159] INTRODUCTION No person shall be appointed as a director of a company unless he has been allotted the Director Identification Number under section 154 which is issued by the central government. The Company shall within 15 days furnish the DIN of all directors to the registrar (ROC) on a prescribed…
View detailsAs per the notes to the clause of the Companies Bill, 2011, “this clause corresponds to section 84 of the Companies Act, 1956 and seeks to provide that a certificate issued by a company shall be prima facie evidence of the title of the person to such shares. It provides the manner for issuance of…
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