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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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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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Government Company as per section 2(45) of the Companies Act, 2013 means “any company in which not less than 51% of paid-up capital is held by the Central Government, or by any State Government, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a […]
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