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: …

Company

Inter corporate loans and guarantees

Non-Applicability of the section A company shares, debentures or other securities. A private limited company which is not an additional of public limited company. Any company loan to its wholly-owned subsidiary. Holding company loan is made to its wholly-owned subsidiary. Shares allotted under section 81(1)(a) of the act Acquisition of …

Company

Statutory registers

Where a company holds its investment in the name of a director or a nominee or in the name of a bank, pursuant to sub-section 2 and 3 of section 49. The details of shares held in the name of any other person shall be entered in a register with …