Companies (Winding Up) Rules, 2020 (the “Rules”) have been made public by the Ministry of Corporate Affairs (the “MCA”) in a notification dated January 24, 2020. The Corporations Act of 2013’s “Summary Procedure for Liquidation u/s 361” and “Winding Up for the Circumstances u/s 271” both apply to companies entering these processes. The Rules will…
View detailsThe corporate world in the entire nation is growing to a large extent. Many new business ventures are coming up with unique ideas and trying to fit into the corporate world. The college dropouts in the management field are large and the young minds are coming up with unique ideas for doing business, also they…
View detailsIntroduction Under chapter XIV, which covers sections 206 to 229 of the Companies Act 2013, the requirements relating to “inspection, inquiry, and investigation” have been incorporated. this clause falls under one of the following four categories:- Part A, which deals with inspection and investigation, will be covered under this article. The following summarizes the Part…
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 detailsA share represents the amount of shareholding a person has in the company. Shares are the divided capital of the company.[i] This is a form of ownership in the company and is offered by the company to raise capital for itself. The person who buys these shares when they are released by the company is…
View detailsThe golden guideline for minimising losses in financial dealings is to have a portfolio as varied as possible. When it comes to diversifying their holdings, investors have long sought out more practical solutions. While the need for diversity may motivate an investor to explore opportunities in overseas markets, they may be put off from doing…
View detailsSection 61 Limited companies’ ability to change their share capital (1) A limited company with a share capital may change its memorandum in its general meeting to—if permitted by its articles. (a) Raise the amount of its authorized share capital that it deems necessary; (b) Combine and divide all or a portion of its share…
View detailsSection 77A[i] of the Companies Act provides for the power of a company to purchase its own securities. A small section for reference has been posted below: (1) Notwithstanding anything contained in this Act, but subject to the provisions of sub-section (2) of this section and section 77B, a company may purchase its own shares…
View detailsEquity in a company is represented through shares. There are businesses that see shares as a financial asset that allows for the equitable distribution of any declared dividends from any remaining profits. Owners of dividend-free stocks receive no share of the company’s earnings. They expect the stock price to rise along with the company’s profits,…
View detailsReal estate investing even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. INTRODUCTION What is commercial property? Property purchased for residential purposes is referred to as residential property, whereas property utilised for commercial purposes is referred to as commercial property. It is seen as…
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