Meaning: As per sec 465(1)of companies Act ,2013,Producer Company is a group of people engaged in the production of primary produce  and body corporate having its objects and activities as  specified in section 581 B of companies Act,1956 “Primary produce” means – (1)  produce of farmers, arising from agriculture (including animal husbandry, horticulture, floriculture, pisciculture, […]

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Einstein is quoted as having said that if he had one hour to save the world he would spend fifty-five minutes defining the problem and only five minutes finding the solution. Same theory of Einstein goes well in the corporate world we work in. Penalties and prosecutions levied under various acts can be avoided only […]

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7 things to do to check the legal aspects of a property for it’s transaction on your own. Checking on the legal aspects of a property is easy. Simply make a note of these points and keep ticking them as you check them: Insist on seeing the original documents: There’s a lot of scope for foul […]

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The Ministry of Corporate Affairs (MCA), has vide Notification no. S.O. 1932(E) dated 01.06.2016 notified constitution of National Company Law Tribunal by Central Government, to exercise and discharge the powers and functions as are, or may be, conferred on it by or under the Companies Act, 2013 with effect from the 1st  day of June, […]

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S. No. Point of Differences Right Issue (Equity Shares& Preference Shares) Private Placement (Securities) Preferential issue (Securities) 1. Definition When issue of equity/preferenceshares is made by an issuer to its existing equity shareholders in a ratio to the number of shares held as on the date of Board Meeting it is called a right issue. […]

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With the passage of “The Constitutional (122nd) Amendment Bill” in the upper house of the central legislature, we are ready to witness the biggest ever tax reform after independence. Though, still a long way to go but approval of upper house being considered as the biggest hurdle, has come out as a big sigh of […]

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In exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities, market regulator SEBI has come out with another set of instructions vide circular dated 15.07.2016(SEBI Circular on FDR’s – PDF) to strengthen its risk management mechanism. After implementation […]

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