Regulatory Framework Relating to Books of Accounts of a Company under the Companies Act, 2013
Under the Companies Act, 2013, companies must maintain detailed books of accounts, either physically or electronically, to ensure transparency and accountability. Directors and CFOs hold responsibility for compliance.
Are Government Companies considered a ‘State’ under Constitutional Law?
Government companies, often termed as "State" under Article 12 of the Indian Constitution, are subject to judicial review based on government control, public function, and alignment with state interests.
What is the Legal Framework for Acceptance of Deposits by Non-Banking Companies?
The acceptance of deposits by non-banking companies in India is regulated to protect depositor interests and uphold financial stability. Governed by the Companies Act, 2013, and the Companies (Acceptance of Deposits) Rules, 2014, these regulations set stringent conditions, such as limits on deposit
How can the name and object clauses of a company be amended?
The name and object clauses in a company’s Memorandum of Association are fundamental to its identity and purpose, guiding its operations and strategic direction. Amendments to these clauses, often required for rebranding or expanding business objectives, are regulated under the Companies Act, 2013.
How does one navigate the legal landscape of mutual funds in India?
Mutual funds in India, regulated by SEBI under the SEBI (Mutual Funds) Regulations, 1996, play a vital role in the economy by pooling investments from individuals and channeling them into diverse asset classes like stocks and bonds. This structure, established as a trust, involves key players such a