INCORPORATION AND ITS CONSEQUENCES-1 TYPES OF COMPANIES.

View Post INCORPORATION AND ITS CONSEQUENCES-1 TYPES OF COMPANIES: The companies Act, 1956 provides for a variety of companies of which can be promoted and under the Act registered. The three basic companies types which may be registered under this Act are; a, Private Companies, b, Producer Companies, c, Public companies, Companies may be classified form view point of i, Incorporation: There are three ways […]

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Repeal certain enactments savings

Repeal certain enactments savings

The stipulation under companies’ act 1956 shall be related to a producer company in a way if the companies act, 1956 has not been repeal until a special act is approved for producer companies. Under sub-section (1) of section 434, a date is specified by the central government for transfer of all things, cases or proceedings to the tribunal, the stipulation of the companies act […]

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Inter corporate loans Investments and guarantees,securities

Meaning of body corporate referred to in section The term “body corporate” is wider in scope and means not only companies registered under the Act but also foreign companies. It also includes a corporation formed under any special law. The term specially includes co-operative societies and any institution which the central government may by notification specify. Companies under the same management omitted The new section […]

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Do you know the company sends their financial statements to whom?

The company sends in relation of their financial statement contains (i) A balance sheet as at the end of the financial year in a company. (ii) The profit and loss account or in the case of a company having on any exercise not for profit. An income and spending account for the financial year. (iii) The cash flow statement for the financial year. (iv) A […]

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