Archive

Interim Administrator and his functions of the Company

The Tribunal, so as to as certain whether it is possible to revive and rehabilitate of the interim administrator of  the sick company, shall within 7 days from the date of receipt of the application under Section 254 of the 2013 Act- Fix a date of hearing, which shall not be later than 90 days from the date of receipt of the application under section 254 of the 2013 Act. The 2013 Act does not provide for any extension in…

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Enforcement of Security Interest- Company Registration in Bangalore

Company Registration in Bangalore – Enforcement of Security Interest is what we are discussed in this article. Enforcement of Security Interest In exercise of the powers conferred by sub-section (1) and clause (b) of sub-section (2) of section 38 read with sub-sections (4),(10) and (12) of section 13 of the Securitization and reconstruction of Financial asserts and Enforcement of Security Interest (Second) Ordinance, 2002, the central government makes the following Rules. Short title and commencement of security interest These rules may…

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Rectification of Register of Members – Company Registration in Bangalore

When a request for company registration of transfer or transmission of shares or other rectification securities issued by a private company is refused by its Board of Directors. Whether such refusal is in pursuance of any power of the company under its articles or otherwise the private company should within a period of thirty days from the date on which the instrument of transfer, or the intimation of such transmission, as the case may be, was delivered to the company,…

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Rights and Duties of the Auditor of the Registered Company

Introduction Section 143(1) which specifies powers and duties of auditors and auditing standards is applicable to all the companies alike, whether public or private companies. Sub-section (1) of section 128 provides that the books of account should give a true and fair view of the state of affairs of the company or its branch, as the case may be, and explain its transactions. The books should keep on accrual basis and according to double entry system of accounting. Section 128…

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