Company

Power to modify act in its application to Nidhis

“Nidhi” means a company which has been registered as a Nidhi of improving the way of economy and savings to its members, the mutual benefit is for getting deposits from who contribute to its members and which follows with such rules are authorized by the central government for procedure of …

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Company

Effect of registration under this part 578

When a registration of a company is execution of this clause, sub-sections (2) to (7) shall apply. All conditions included in any act of parliament or other causes nominating or managing the company, involving, The company registration like company limited by guarantee, the statement mentioning the total of the assurance. …

Company

Corporate governance as applicable to listed companies

Corporate governance is the system by which companies are directed and controlled. The board of directors is responsible for the governance of the company. The legal framework for the registration and running of companies is provided as per the act 1956. For instance the law provides that not less than …

Company

Depreciation under companies act and accounting standards

A major change was made in the companies (amendment) act, 1988 by delinking the rates of depreciation under the Income Tax Act, 1961 for the purpose of providing depreciation under the companies act. Prior to the said amendment, section 205 of company registration act 1956  to provide depreciation as follows: …