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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. The Companies Act, 2013 (Act) was notified on 29.8.2013. Out of 470 sections in the Act, 283 sections...
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Section 139 (1) of Companies Act, 2013 read with Rule 4(2) of the Companies (Audit and Auditors) Rules, 2014 provides for appointment of statutory auditors of the company. It is mandated that every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor ....
Making amendments to the Companies Act, the Ministry of Corporate Affairs Ministry has said that contributions to 'Swachh Bharat Kosh' and 'Clean Ganga Fund' would come under CSR framework.
Insider has been made wider by including persons connected on the basis of being in any contractual, fiduciary or employment relationship that allows such person access to unpublished price sensitive information (UPSI).
A share of the after-tax profit of a company, distributed to its shareholders according to the number of shares held by them. Smaller companies typically distribute dividends at the end of an accounting year (final dividend), whereas larger, publicly held companies usually distribute it every quarter (interim dividend).The amount and timing of the dividend is decided by the board of directors, who also determine whether it is paid out of current...
A Bank by definition is a financial establishment which accepts deposits from its depositors and uses this money for making investments and granting loans to its clients. Hence by its very nature, the bank has to deploy the funds received from its depositors in a manner that not only it earns profit on the lending however the lending it makes has to be safe and secure since they have to repay their depositors as and when they demand....
The act of splitting off a part of an existing company to become a new company, which operates completely separate from the original company. Shareholders of the original company are usually given an equivalent stake of ownership in the new company...
Section 46 (issue of share certificates) and sub-section (4) of section 56 (relating transfer and transmission of securities) read with Rule 5 of Companies (Share capital and debentures) Rules, 2014. Time period of issue a share certificate (Section 56 (2))...
eLearning is a canopy term that encompasses all kinds of learning undertaken via a computer or a mobile device, i.e. referred to as mLearning, usually connected to a network. Other terms, frequently interchanged with eLearning include, online learning, online education, technology enabled learning....
A contractual arrangement in which a party owning an asset (lessor). Provides the asset for use to another (lessee). For an agreed period of time (lease period). For consideration in form for periodic payments( lease rentals) At the end of the Lease period, the asset reverts to the lessor unless there is a provision for renewal of contract.
