Section 24, Power of Securities and Exchange Board to regulate issue and transfer of securities, etc The provisions of this section specifically bring the Securities & Exchange Board of India (SEBI) into the big picture. As per this section: In case of listed companies and the companies which intend to get their securities listed on any recognized stock exchange in India, The matters related to Issue and transfer of securities and Non-payment of dividend, Shall be administered by the Securities and Exchange Board [...]


Section 21, Authentication of documents, proceedings and contracts As per the provisions of this act, it is the duty of KMP (Key Managerial Personnel) or an officer of the company duly authorized by the board should sign: a document or proceeding requiring authentication by a company; or contracts made by or on behalf of a company. Section 22, Execution of bills of exchange, etc If a bill of exchange, hundi or promissory note has been made, accepted, drawn, or endorsed in the [...]


GST on Textile industry Hope you had read the previous parts of the GST Duniya series, if not, then read it from here: Part 1  Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part8 Part 9 Part 10 Part 11 As we all have watched in news and nearby areas that textile industry is very much affected with GST regime. It is expected that tax burden is going to increase on textile industry. In this article,we will discuss about GST on Textile industry. There are so many points which are [...]

GST Presentation – 6

Here we comes up with the 5th ppt that deals with the Returns under GST. These Presentations are the part of “GST –  A New Awareness” by Kanika Aggarwal –  A series of powerpoint presentations on GST. For Detail study you can also refer GST Duniya series on Here is the Link to download Click here to Download In case of any query related to above article, the questions can be asked by commenting in the comment box or the author can be contacted personally [...]


Section 16, Rectification of name of company In case of identical name: If in the opinion of central government, the name of the company is identical with or too nearly resembles the name by which a company in existence had been previously registered, whether under this Act or any previous company law, it may direct the company to change its name and the company shall change its name or new name, as the case may be, within a period of three [...]


Section 13, Alteration in Memorandum: First of all, a special resolution is required to be passed in case the company wants to alter the memorandum. Alteration in Name: In case of change in name of the company, the approval of the central government in writing is required except if the change is only in a way of add or delete the word “Private” in the name of the company. After the change in the name of the company, a certified copy of [...]


Section 12, Registered Office of the Company The company after the receiving the Certificate of Incorporation shall within the period of 15 days, have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it. The company within 30 days of its incorporation shall furnish to the Registrar verification of its Registered Office in the prescribed manner. What & Where to mention? The company shall paint or affix its name, and the address of its [...]


Section 8, Formation of companies with charitable objects, etc. As per this section, a license is required to be obtained from the Central Government if  a person or an association of persons proposed to be registered under this Act as a limited company: Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;   Intends to apply its profits, if any, or other income in promoting [...]

GST DUNIYA. Part 11 – (Taxation of E-Commerce Business)

GST on E commerce Sellers Hope you had read the previous parts of the GST Duniya series, if not, then read it from here: Part 1  Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part8 Part 9 Part 10 First of all,lets understand the meaning of E commerce sellers;: E-commerce sellers means sellers selling their products to customers via internet. E commerce business is growing rapidly in modern world i.e. world of technology. E commerce websites are gaining trust of customers and it is normal phenomenon now a days to [...]

Memorandum, Articles & Incorporation of Comapny

Today’s topic is Memorandum, Articles & Incorporation of the company, section 4, 5 & 7 of the companies act. Section 4, Memorandum of Company Meaning: "Memorandum" means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act; Memorandum defines the charter of the company and shall state the following: The name of the company with the last word “Limited” in the case of a public [...]

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