CS Executive

Financial Services Organisation-Chapter-8 Best CS Executive Video Classes

Financial Services Organisation Non-Banking Financial Companies What is a Non-Banking Financial Company (NBFC)? A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013/1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/ debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, …

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Maintenance of Registers and Records-Chapter-14-Best CS Executive Live Classes

MAINTENANCE OF REGISTERS AND RECORDS Statutory Registers to be maintained under Companies Act, 2013 S.No. Form Name of the Register Relevant Section and Rule 1 MGT-1 Register of Members Section 88 (1) and Rule 3(1) of the Companies (Management and Administration) Rules, 2014 2 MGT-2 Register of Debenture Holders/ Other Securities Holders Section 88 (1) …

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Exemptions/Privileges/Special Provisions to different classes of company

Exemptions/Privileges/Special Provisions Different companies enjoy various privileges and exemptions under Companies Act, 2013. Further, The Central Government has been empowered under section 462 (1), to issue in public interest, by notification, directing that any of the provisions of Companies Act, 2013 shall not apply to such class or classes of companies or shall apply to …

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Forms of Business Organisation-Chapter-6 Best CS Executive SBEC Notes.

Forms of Business Organsation Introduction The most important forms of business organisation are as follows: Sole Proprietorship HUF Business Partnership Company Statutory Bodies and Corporations Co-Operatives Societies and Trusts Limited Liability Partnership Sole Proprietorship Introduction No law to regulate Sole Proprietorship. ‘Sole’ means single and ‘proprietorship’ means ownership. In this form of business, an individual …

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Strike Off and Restoration of Name of the Non-working Company and LLP

Strike Off and Restoration of Name of the Non-working Company and LLP Relevant Sections and Rules Chapter XVIII of Companies Act, 2013 Section 248 to 252 of the Companies Act, 2013 Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 Ways of Stinking off of Companies By ROC suo-moto (under Sub-Section …

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Conversions of Business Entities-chapter-12 -Best CS Executive live Classes

CONVERSIONS OF BUSINESS ENTITIES Conversion of company from one class to another form Conversion of company from one class to another class leads to alteration of MOA and AOA. This is because name of company liability of company capital of company provisions of AOA of company may get change in conversion. Thus, while converting company …

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Article of Association-CS Executive best online class

Article of Association Articles of Association Articles of Association can be defined as rules book of company. AOA define the duties, rights and powers of the governing body of the company and the mode and form in which business of the company is to be carried on, and the mode and form in which changes …

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MOA

Memorandum of Association MEMORANDUM OF ASSOCIATION The Memorandum of Association is a document which sets out the constitution of the company and is therefore the foundation on which the structure of the company is based. It defines the scope of the company’s activities and its relations with the outside world. Purpose of Memorandum The purpose …

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Dormant Company

Dormant Company DORMANT COMPANIES Applicable Sections/Rules Chapter XXIX (Miscellaneous) of Companies Act, 2013 Section 455 of Companies Act, 2013 Companies (Miscellaneous) Rules 2014 effective from 1st April, 2014 Meaning of Dormant Company Dormant means inactive. Thus, dormant company means inactive company in the records of ROC. A company can become dormant immediately after its registration …

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Notes of SBEC-Chapter-2 -Nidhi Company

Nidhi Company Nidhi Company [Section 406] Nidhis Rules, 2014 In this section, “Nidhi” or “Mutual Benefit Society” means a company which the Central Government may, by notification in the Official Gazette, declare to be a Nidhi or Mutual Benefit Society, as the case may be. The Central Government may, by notification in the Official Gazette, …

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