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FERA stands for Foreign Exchange Regulation Act, 1973. This act was established to regulate the foreign exchange market of India. This act imposes restrictions and monitors the transaction related to foreign exchange. This act also keeps eye on the import and export of the currency. This act is applicable to every citizen of India. In […]
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There were many challenges in front of lawmakers on how to make laws on a fictional body because the corporation is not a single body or does not consist of only one person in many cases and many of the corporations does not only have their facilities in one country but in various other countries […]
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A boon for individual entrepreneurs. One Person Company concept was commenced under Law in 2013. J J Irani Committee’s report on Company Law explained the apprise in the knowledge of information technology and computers could be beneficial for the economy if the entrepreneurial capabilities of such people are encouraged. So the main purpose of the […]
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What is a shell company? At present, neither Companies Act, 2013 nor Companies Act, 1956 nor any other Act gives a definition for a Shell company. Efforts to define it are still being made and many recommendations have been considered. One suggestion was given by the Organisation for Economic Co-operation and Economic Development. The definition given was, “A shell […]
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Introduction Navrang Saini, a board member of IBBI, recently said that IBC’s jurisprudence is still developing. Since the commencement of the code, there have been several Amendments in IBC (Insolvency and Bankruptcy Code). In the wake of coronavirus, Insolvency and Bankruptcy Code Ordinance 2020 has come as a relief package for Micro, small and medium […]
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Be it your UPSC or law exam, have the complete knowledge of IBC 2016 in the simplest way, right here! [Background- What – Need- Success- Procedure – Analysis] The Insolvency and Bankruptcy Code has come as a revolution in the world of business. The business world is as risky as it’s profitable. As the right […]
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Abstract for REVIVAL AND RESTRUCTURING OF SICK COMPANIES UNDER COMPANIES ACT In the modern times, due to increase in market issues, there are numerous companies facing the issues like losses or on verge of being dysfunctional or in the process of winding up. Now, winding up is not the proper solution as not only a company’s […]
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Preference Shareholders are those shareholders who have a preference over the equity shareholders. The preference shareholders have a preference over equity in two ways. One is the preference in terms of dividend distribution out of profits of a company. The dividend is given to them before declaring a dividend for equity shareholders. The second preference […]
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Limited Liability Partnership basically means a kind of business entity which have the benefits of a limited liability corporation also, it have the flexibility and the less complicated internal structure of a partnership. Due to this distinct nature of LLP, it is neither governed under the Companies Act, 2013 nor governed under Partnership Act, 1932. […]
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Article of Association of Company is a document which is termed as the constitution of the company. The other document with the same position is Memorandum of Association. As per Companies Act, 2013, AOA governs the running of company. Also, it governs setting out voting rights of shareholders, conduct of shareholders’ and directors’ meetings, powers […]
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SEBI’s establishment was in the year 1988 but were given statutory power in the year 1992. The basic aim of SEBI was to protect the investors in securities. There a lot of fraud being committed in the securities market wherein the investor’s money was misused and therefore SEBI was formed. Herein we will discuss about […]
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Secondary Market basically means a market where securities are traded after them being exchanged through the primary market. It is called a market where second-hand securities are sold. It includes both equity and debt market. Securities and Exchange Board of India as a regulatory authority was established under section 3 of SEBI Act 1992 in […]
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