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Deposits are outlined below the Companies Act, 2013 to incorporate any receipt of cash by approach of deposit or loan or in the other type by a corporation. But deposits don’t embody such classes of amounts as is also prescribed in consultation with the banking concern of Asian country (“RBI“). The companies meaning to invite deposits from its members shall […]
Continue reading »Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 In exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the Investor Education and […]
Continue reading »Incorporation of one person company: Both sole member and nominee shall be natural persons, Indian citizens and residents in India. Only a natural person who is an Indian citizen and resident in India- Shall be eligible to incorporate a one person company; Shall be a nominee for the sole member of a one person company. The term resident India means […]
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