Companies Act, 2013, gives freedom to the Companies to do anything, which is legal and in the interest of stakeholders but with the approval of authority or by intimating authority in a manner as may be prescribed by the act. In Companies Act, 2013, section 89 is the only section which gives a way to […]

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1. CSR Committee (Section 135 of Companies Act 2013) Every company having the following criteria shall contribute in every financial year, at least two per cent. Of the average net profits of the company made during the three immediately preceding financial years Net Worth: Rs. 500 Crores   Turnover: Rs. 1000 Crores   Profits: Rs. […]

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Meaning: As per section 406 of Companies Act 2013 ,“Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit ,and which complies with such rules as are […]

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