Corporate Debt Restructuring(CDR) Mechanism – Company Registration in Bangalore

Background of Corporate Debt Restructuring (CDR) Mechanism The Reserve Bank of India had undertaken a review of the working of the Corporate Debt Restructuring (CDR) Mechanism in the month of August, 2004 and a special group was constituted in September, 2004 by the Deputy Governor, RBI as chairperson to review and suggest changes or improvements, if any, in the CDR mechanism. Based on the recommendations of special groups, Corporate Debt Restructuring (CDR) guidelines have been further revised. The changes to…

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Conversion of Private company into LLP – Business Registration in Bangalore

Interpretation In this Conversion Schedule, unless the context otherwise requires,- “Company” means a private company as defined in Clause (3) of Sub-section (1) of Section 3 of the Companies Act, 1956 ; “Convert”, in accordance with a private company changing into a limited liability partnership, means a transfer of their entire property, asserts, interests, rights, privileges, liabilities, obligations of organisation and the undertaking of the private company to the limited liability partnership in accordance with this Schedule. Eligibility for Conversion…

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Securities Premium Account – Business Registration in Bangalore

Section 78 of Companies Act, 1956 – Introduction to Securities Premium Account The object of Section 78 of the 1956 Act was to lay down specifically how the securities premium accounts collected on the issue of shares should be utilized. The expression “premium” is not defined. It may be that if, over and above the cash payment on the shares, some further advantage measurable in terms of money is conferred on the company the value of such advantage will have…

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