1. SEPARATE LEGAL EXISTENCE: A Private Limited Company is a separate legal identity in the eyes of the law. It means assets and liabilities of the business are not same as the assets and liabilities of the directors and shareholders. Both are considered as different. 2. LIMITED LIABILITY: If the company undergoes financial distress, the…
Entrepreneurial growth is very important for the development of every nation. Every economy will try to motive more entrepreneurs in to the market and once of the most attractive form of business is company. Companies are registered under Companies Act 2013 and the act and related rules and regulations provides for detailed process for the…
Civil and criminal cases both consider violations of people’s rights and who is at fault. However, they differ in structure, burdens of proof, and penalties. A civil case involves a dispute between two people, or parties, on a certain issue. One party sues the other, and the jury determines liability and the amount of damages.…
Director Director is a person who stands in a fiduciary relationship with a company who suppose to act bonafide, and should not misuse his vast powers under the Companies Act 2013. Interested Director A Director can be considered as interested when, his personal interest conflict with the interest of the company either through himself or…
Sovereign Gold Bond Scheme 2015 – Information you should know The Government of India introduced the Sovereign Gold Bond (SGB) Scheme in November 2015, to offer investors an alternative to physical gold. Over the years, the market has witnessed a considerable decline in the demand for physical gold. SGBs are government securities and are considered…
ATM – Automated Teller Machine, it is an electronic device that enables customers of banks and financial institutions to perform a variety of financial transactions like cash withdrawals, deposit, funds transfers, account information, changing ATM PIN or linking Aadhaar to the bank account any time and without the need for interaction with bank staff. Banks…
What is meant by Monetary Policy? Monetary policy refers to the policy of the central bank – i.e Reserve Bank of India – in matters of interest rates, money supply and availability of credit. Reserve Bank of India controls the inflation in the country through the monetary policy. For the above purposes RBI uses various…
Plastic Waste Management Amendment Rules The new Plastic Waste Management Amendment Rules has been acknowledged by the centre. It prohibited the manufacture, sale and use of some single-use goods made with plastic, polystyrene. ● Background: The Plastic Waste Management Amendment Rules notified by the Centre recently acknowledge the gravity of pollution caused by plastic articles…
START UP INDIA SEED FUND SCHEME Objectives To provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists, or seek loans from commercial banks…
International Financial Services Centres Authority (IFSCA) Framework for setting up and operating International Trade Finance Services platform (ITFS) for providing trade finance services at International Financial Services Centres. The IFSCA has issued a framework for setting up and operating International Trade Finance Services Platform for providing Trade Finance Services at International Financial Services Centres. The…
