A director is an individual who has the responsibility of directing, managing and controlling the affairs of the company. The objective of the appointment of director is to determine and implement the policies, once the Company Registration is complete. They need to manage the business and other affairs, in accordance with the provisions of The Company [...]
Overview Strike off Company under companies act 2013 means canceling the name of the company from the ROC register. The MCA (Ministry of Corporate Affairs) has revised the procedure to have the name struck off. These provisions related to strike off of companies gives an opportunity to the companies to get their names struck off [...]
What do you mean by rni India? RNI is known as the Registrar of the Newspapers for India. In India, newspapers are the influential source of broadcasting resources, primarily native newspapers. The foremost example of such newspapers is Hindustan Times and Times of India. They are the most popular one and also appears in the following [...]
About ROC full form ROC full form or Registrar of Companies manages the direction and administers the working of various companies registered under the Companies Act,1956 and the Companies Act, 2013. The ROC has an obligation to ensure that the companies are properly enrolled and the records & data entered are precise and accurate. The [...]
Meaning of Non-disclosure Agreement (NDA) A legal contract that specifies the information and details to continue to be private and detailed. Moreover introduces the restrictions and limitations for a declaration to 3rd parties are called as NDA. A Non-disclosure Agreement can be approved and signed among a person and organisation. Non-disclosure agreements are usually created to guard [...]
The Ministry of Corporate Affairs (MCA) deals with the administration of companies in India. The Registrar of Companies (ROC), comes under the MCA. The ROC, of a State/Union Territories, has the primary duty of registering companies and Limited Liability Partnership (LLP) floated in their respective States/UT, as per Section 609 of the Companies Act, 1956. The purpose was [...]
Overview An Employee Stock Ownership Plan (ESOP) is a type of employee benefit that encourages the employees to acquire ownership of the firm. ESOP is a foreign concept, applied and used throughout the world now. This is given usually at the end of a year to motivate employees. The employer has the sole right to [...]
Introduction A company that needs to issue shares should keep in mind the authorized capital. Now, according to this authorized capital, it needs to issue shares which should always be less than or equal to the authorized share capital. This is called Paid-up capital. The pumped in money by the investors to run the business [...]
Section 66 of the Companies Act, 2013 allows a company to reduce its Authorized Share Capital. The Central Govt for this purpose constituted the National Company Law Tribunal (NCLT). It was notified of Procedure for Reduction of Share Capital of Company Rules, w.e.f. December 2016. Conditions Applicable: The reduction is Considered for internal Re-structuring of the company. So the consent in the [...]
According to an RBI report, in 2017, Non Banking Financial Company, are performing better than the banks are saddled by bad loans and poor profitability. The realization comes as NBFCs has been the largest net borrowers of funds from the financial system, in a few financial years. There are growth opportunities for NBFCs because they are [...]
