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Month: July 2018
MCA Keeps an Eye on Disqualifying Directors
24 Jul, 18

NBFCs – Mergers and Demergers

NBFCs – Mergers and Demergers A Non-Banking Financial Company (NBFC) is a company which is registered under the Companies Act, 1956 /2013. An NBFC is engaged in the business of loans and advances, investment share, assets financing, debenture or other marketable securities, leasing, hire-purchase and insurance business. NBFCs provide working capital loan and credit facilities […]
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Directors Disqualification - Section 164 & 167
20 Jul, 18

Director Disqualification & Non-Compliance! Understanding Section 164(2) & 167(1)

Defining ‘STRIKE-OFF’: Strike-off means removal of a registered company, by the Registrar of Companies, from the register or roll. Defining ‘Non-Compliance’: Non-compliance means not complying/obeying the set of rules and laws prescribed under the Companies Act. Defining ‘Disqualification’ of Directors: The ‘Disqualification’ of Director means his Director Identification Number(DIN) is deactivated by the Authority. Reasons […]
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BSE Launches New Platform for Startups
13 Jul, 18

BSE Launches New Platform for Startups

BSE Launches New Platform for Startups Keeping in mind a specific end goal to promote new businesses, Bombay Stock Exchange (BSE) plans to soar a new platform for listing of startups in the tech segment of Information Technology Enabled Services(ITES), Information Technology(IT), biotechnology and life sciences, 3D printing, space technology and e-commerce. According to a […]
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2019 Elections: Modi Shuts 2.24 Lakh Companies - Check Now!
04 Jul, 18

2019 Elections: Modi Shuts 2.24 Lakh Companies – Check Now!

Circumstances that Led to Strike-off: 1#: Political Agenda – Modi soon after occupying the office gave a clear message to the authorities is to take steps towards taming the ‘Demon’ of corruption, which was a poll promise of the PM. 2#: Financial Factors – The shadow economy was seen as an insurmountable hurdle in the way to economic progress. […]
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