INTRODUCTION TO WINDING UP OF A COMPANY In case of winding up and dissolution, along with the Companies Act, 2013, the Insolvency & Bankruptcy Code, 2016 is also applicable to provide time bound resolution and eliminate the longer procedures along with protection of interest of creditors from insolvent company initiating for winding up procedures. One…
On 22nd December 1901, Rabindranath Tagore established his school at Santiniketan with five students (including his eldest son) and an equal number of teachers. He originally named it Brahmacharya Ashram in the tradition of ancient forest hermitages. Not too many know that Shantiniketan, which means the abode of peace – long before it became the…
Introduction A partnership firm is a kind of business wherein a formal agreement is organised between two or more people. This is made accordingly who agrees to be the co-owners and distribute responsibilities to run an organization and manage that. It also has the responsibility to share the income or losses that the business generates…
Introduction Private limited companies are considered very important to start a business by startups and businesses. Under the Companies Act 2013, the private limited company is incorporated and it is governed by the ministry of corporate affairs. It is a corporate structure which gives a separate legal entity to the owners of business. It has…
Introduction A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds. The prospectus can help investors make more informed investment decisions because it contains a host of relevant…
Proprietorships Sole proprietorship is very easy to start. This form of business is very easy as it is not governed by any strict or specific laws. There are minimal compliances here and are fulfilled easily. There is a single person known as sole proprietor who takes the decisions and carries the management of the business.…
Introduction According to Sec. 2 (20) of The Companies Act, 2013, a “company” means a company incorporated under The Companies Act, 2013 or under any previous company law. The Indian Companies Act, 2013 has replaced the Indian Companies Act, 1956. The Companies Act, 2013 makes the provisions to govern all listed and unlisted companies in the country.…
Introduction Article of association (AoA) is a document which mentions the operations of the company and its regulations along with the purpose of the company. It elaborates the task and describes how the tasks are accomplished with the organisation, procedure for appointing directors and handling financial records. We can think this article of association as…
Introduction Every company, whether a private company or a public company, whether a listed company or an unlisted company needs a board of directors. A company is a legal entity, meaning it is an artificial person separate from its members. Some of the relevant features of a company are that i) a company has an…
A partnership is an agreement between two or more persons who wish to share profits and losses for the partnership firm. However, in a partnership, all the partners do not participate in all the activities of the firm for profits and losses equally. There are various types of partnership in accordance with their extent of…
