Companies Act 2013

Winding up a company, often referred to as liquidation, comes into play when a company faces financial difficulties and is incapable of meeting its obligations to creditors. It entails a systematic process wherein the company’s assets are liquidated to generate funds for settling its outstanding debts. After all the debts have been satisfactorily settled, any […]

Charge as per section 2(16) of Companies Act, 2013 refers to creation of interest or a right on a property or asset of a company or any of its undertaking as a security against loan provided to the company in respect of such interest. Charge is created by Companies who are in need of financial

The Director Identification Number (DIN) is a unique identification number assigned to individuals who wish to become directors of a company or designated partners in a Limited Liability Partnership (LLP) in India. The Registrar of Companies (ROC) is responsible for issuing DINs under the Companies Act 2013. However, certain circumstances allow for surrendering a DIN. In this article, we will discuss the legal

The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The Chartered Accountants Act, 1949. These officers are from Indian Corporate Law Service cadre. ‘ICLS’ is an organised Group A service recruitment of which is done

Having a website and online presence strategy allows any business to flourish its market and expand its business. As the web has the fastest reach to advertise any form of Business. Website disclosures is the primary tool of better Corporate Governance. Thus, the companies having their website are required to adhere to certain provisions and

Sub-section (1) of section 134 of the Act provides for approval and signing of financial statements (as defined in clause (40) of section 2) including consolidated financial statements, if any. Such approved financial statements will be signed on behalf of the company by the following: a. Chairperson of the company where he is authorized by the

The term ‘business’ usually refers to the regular occupation, profession or trade. For regulating the business or corporate industry, various rules and legislations as well as their amendments have been introduced in India from time to time. One such legislation is the Companies Act 2013, which mentions the definition, requirements, procedures, conditions and penalties for

Any individual trained to review and verify accounting data and recognised as a Chartered Accountant (CA) under the Chartered Accountant Act, 1949 is deemed to be an auditor. Every company needs to appoint an auditor as per the provisions of the Companies Act, 2013. As per Companies Act, 2013 (hereinafter referred as “said act”), the