Introduction: Nidhi Company is an NBFC (Non-Banking Finance Company) that is registered under Section 406[1] of the Companies Act of 2013. Mutual Benefit Finance Company is another name for Nidhi Companies. “Nidhi” refers to a company that has been incorporated as a Nidhi with the purpose of encouraging thrift and Read more…
Introduction: A company may choose to issue securities in order to meet its funding requirements. The issue is that the firm does not have enough funds to run its operations and day-to-day activities. For firms in the financial sector, establishing a debt-equity ratio is also critical in attracting financing. A Read more…
Introduction: Any person who is a director or partner of a business or LLP incorporated in India must have a DIN, or Director Identification Number. As a result, after getting a digital signature for the proposed director or partner, DIN is obtained during the business registration or LLP incorporation process. Read more…
Introduction: А рrоduсer соmраny саn be defined аs а legаlly reсоgnized bоdy оf fаrmers/аgriсulturists tо imрrоve the stаndаrd оf their living аnd ensure а gооd stаtus оf their аvаilаble suрроrt, inсоmes, аnd рrоfitаbility. Under Соmраnies Асt 1956, а Рrоduсer Соmраny саn be fоrmed by 10 individuаls (оr mоre) оr 2 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 full list of the beneficiaries to whom such shares and Read more…
Introduction: Share in layman terms means a portion or small percentage of ownership in a company and its owner is called a shareholder. Many times, companies generate more capital or obtain a loan but not from a bank, creates its shares. The companies break down the ownership of the company Read more…
Introduction: A foreign company within the definition provided by Section 2(42) of the Companies Act, 2013 is a body corporate or company which is incorporated outside India but possesses a place of business in India through an agent or by itself either physically or electronically or carries on any business Read more…
Introduction: A charge refers to interest or claim, created on the property of an entity or its undertaking when it takes a loan from a financial institution. In simple words, when a company takes a loan from a bank it provides security of its assets, against the loan. It includes Read more…
Introduction: With this modern era, there has been rapid growth in the corporate world. Everybody now wants to enter the corporate world. The entrepreneur wants to opt for a company form of organization, to enter into the corporate world. Companies can be formed according to the requirements and their operations. Read more…
Introduction: One Person Company in India to help entrepreneurs who can start a business on their own by allowing them to form a one person economic entity. One of the most significant benefits of a One Person Company (OPC) is that it can only have one member, whereas a Private Read more…
Introduction: The executive management of a company is responsible for the day-to-day management of a company. The companies Act, 2013 has used the term key management personnel to define executive management. The top management employees are the company’s initial point of contact with its stakeholders. While the Board of Directors 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…