Introduction: A share certificate also known as a stock certificate is essentially a document issued by a corporation that serves as a legal document of ownership of the number of shares, a shareholder receives said share certificate as proof of ownership and as a receipt of his purchase of a Read more…
Introduction: Capital Redemption Reserve (CRR) is a statutory requirement of the Companies Act which mandates, this is a fund especially meant for buying back its preference shares from the shareholders at either their nominal market value or at their value. A company repurchasing its own shares from the market must Read more…
Introduction: KYC is an abbreviation for ‘Know Your Customer’, this form is a part of the process of identification carried out by banks, insurance companies and other financial institutions before getting into business with people. This process involves the submission of various personal identification documents like PAN/Aadhar along with address Read more…
Introduction: The term “Consideration” is defined under Section 2(d) of the Indian Contract Act, 1872. Generally, a contract without “consideration” stands declared void under Indian Law, However, under English Law, contracts may be valid even when consideration is not present as an element, such as in the case of: – Read more…