Articles

Aishwaryasandeep

AUDIT OF COMPANY LIQUIDATION ACCOUNTS

The audit of the accounts of a firm is not compulsory, whereas the audit of accounts of a company is mandatory. APPOINTMENT OF AUDITORS The Companies Act, 2013 (the “Act”), has laid down specific and onerous obligations on the company and its auditors with stringent penalties, including imprisonment for non-compliance with the relevant provisions for…

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FUNCTION OF COMPANY SECREYARY

INTRODUCTION The existing Companies Act, 1956 (the Act) in India (as also the Companies Act, 1985 in England) do not list out the functions of the secretary, there have been attempts over the last decade or so to include the same in the Act. The Companies (Amendment) Bill, 2003 and the Concept Paper on Company…

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PROCEDURE TO CONVERT A COMPANY

ACCORDING TO SEC 8 OF COMPANY ACT—– Companies that are registered under Section 8 of the Companies Act, 2013 are those companies that pertain to Non-Government or Non-Profit Organizations. Such Section 8 companies are formed with an objective to promote the fields of trade, commerce, art, science, sports, education, research, religion, social welfare, environment protection…

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Star Intern – Shivam Goel

About Shivam My name is Shivam Goel. I am second year law student at Vivekanand Institute Of Professional Studies. I like to subject IPC before doing this intern. This internship gave me an opportunity to explore Property Law. I would like to thank Second innings consultantcy and Aishwarya Sandeep mam to guide me during this…

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ROLE OF MANAGING DIRECTOR

The managing director of a company is in charge of the organization’s daily operations and is under the purview of the CEO (Chief Executive Officer), the executive head of a company. He or she is also expected to keep a company solvent and facilitate its expansion and growth. In other words, the managing director is…

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<strong>List of Statutory Registers to be maintained under the Companies Act, 2013</strong>

Introduction and Meaning of Statutory Registers Statutory Registers, as the name implies, are registers that must be kept by a company in order to record certain important data about the Company. According to the Companies Act, Statutory Registers are registers containing specific records of the Company’s shareholders, directors, deposits, loan & guaranty, etc., and are…

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Share Certificate

Section 2(84) of the Companies Act, 2013 defines shares, are the divided capital of the company.[i] The shareholding a person has in the company is their ownership in the company. A company releases shares in order to gain capital for the operations of the company, shares are some part of ownership within the company. Depending…

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<strong>Role of a Promotor</strong>

Introduction A promoter plays the most important role in the formation and registration of a company under the Companies Act, 2013. The promoter conceives the idea of the formation of the company and takes all preliminary steps to get the company registered. The emphasis of all the definitions of a promoter is on the kind…

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