Introduction: Forfeiture of shares alludes to the circumstance where the distribution of shares is dropped for the investors because of the non-payment of instalment of any portions. As opposed to that, surrender of shares happens when investors return the shares Read more
Introduction: Step up under the Ministry of Health and Family Welfare, Government of India, the FSSAI, or the Food Safety and Standards Authority is an autonomous body established under the Food Safety and Standards Act of 2006. The FSSAI is Read more
Introduction: This is аn exemрlifiсаtiоn аs tо where the stаtement is held thаt рerhарs the рriсe wаs nоt аn оffer. Its signifiсаnсe wоuld be thаt it defines the distinсtiоn between the twо. Оffer аndsuррly оf infоrmаtiоn. In this саse, the Read more
Introduction to NCLT & NCLAT: The Central Government has established National Company Law Tribunal (NCLT) under Section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016. In the primary stage the Ministry of Corporate Affairs have Read more
Introduction: Section 8 company is a company which is established under Section 8 of the Indian Companies Act,2013(Section 25 of the Indian Companies Act,1956) with the main objective of- Promoting commerce, art, science, sports, education, research, social welfare, religion, charity, Read more
Introduction: Any company be it public, private a start-up or a proprietorship ( one-man company) is governed by a certain set of people. These person(s) are responsible for administration, day to day functioning, financial management, human resources and growth of Read more
Introduction: When a company needs to generate more capital or wants to take a loan but not from a bank or without any liability, it decides to divide its ownership in the general public by giving people a share or Read more
Introduction: There are different forms of companies to conduct business in Indian society. One of them is a “one-person company” which is the newest form of company in India. This company consists of only one member for its incorporation[1]. This Read more
Introduction: Professional Tax is a direct tax in India. It is a levy and collected by the state government in India. There are state-wise variations in rates and procedures of collecting professional tax but not all states impose the professional Read more
Introduction: It is of utmost importance that a firm, when allocating shares and securities, must file a return of allotment in e-Form PAS-3 to the Registrar on the Ministry of Corporate Affairs (MCA) portal, within thirty days, along with the Read more
Introduction: Each foreign Company will plan and record, inside a time of sixty days from the last day of its monetary year to the Registrar yearly return in Form FC.4 alongside such charge as given in the Companies (Registration Offices Read more
Introduction: Alteration of share capital refers to an increase or decrease of a company’s authorized share capital. The Companies Act of 2013 permits companies to alter and make some modifications to their authorized share capital. Section 2(3) of the Companies Act, 2013 Read more