The term “Shell Company” is not defined under the Companies Act. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering, obscuring ownership, benami properties etc.
The Department of Defence Production has been continually engaging with the Federations and Associations of Ordnance Factories with regard to their views on the said transformation. An Empowered Group of Ministers (EGoM) has been constituted under the chairmanship of Minister of Defence to oversee and guide the entire process of corporatisation of OFB, including transition support and redeployment plan of employees while safeguarding their wages and retirement benefits.
Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time on behalf of following Departments
In terms of the Companies Act 2013 companies are required to contribute 2% of their profit towards Corporate Social Responsibility (CSR). Training to promote sports, creation and maintenance of sports infrastructure, up gradation and renovation of existing sports facilities, Sports Science support including setting up of Gymnasium & Rehabilitation centers are activities covered under CSR.
Published vide Notification No. G.S.R. 454(E), dated 4th June, 2015 G.S.R. 454(E). – In exercise of the powers conferred by the proviso to Article 309 of the Constitution and in supersession of […]
SEBI Act, Securities Contracts (Regulation) Act and rules and regulations made thereunder Foreign Exchange Management Act Consumer Protection Act Depositories Act Environment and Pollution Control Laws Labour and Industrial Laws Co-operative Societies Act […]
Corporations may be divided into two main classes, namely, corporations aggregate and corporations sole. We are not concerned in the present case with corporation sole. “A Corporation aggregate has been defined as […]
KEYWORD:- COMPANY- CORPORATE LAW- Artificial Personality History of Company and Corporation British East India Company [31 December 1600] Joint-stock Company and its Votaries Ownership of the Company and Board of […]
Corporate Laws Manual [Click] Important circulars Members of professional institutes arrested by law enforcement agencies for criminal offences – Directions of Central Government Appointment of Complaints Committee as guidelines and norms to […]
UNDER CONSTRUCTION Corporate Laws Manual 2017
Company Law & Practice Quick summary of Companies Act 2013 The provisions of this Act shall apply to— (a) companies incorporated under this Act or under any previous company law; (b) insurance companies, […]