Insolvency Rules in Winding up of Insolvent Companies

In the winding up of insolvent company, the same rules shall prevail and be observed with regard to debts provable, the valuation of annuities and future and contingent liabilities and the respective rights of secured and unsecured creditors, as are in force for the time being under the law of insolvency with respect to the estates of persons adjudged insolvent: Insolvency: Provided that the security of every secured creditor shall be deemed to be subject to pari passu charge in…

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Compromise or Arrangement of Limited Liability Partnerships

Here, we are going to see compromise or arrangement which is to be made in LLP. There are some procedures and the concepts behind LLP. Where a compromise or arrangement is projected Between a LLP and to creditors; or Between a LLP and its partners.The court may, on the application of the LLP or of any creditors or partner of the LLP or, in the case of a LLP that is being wound up, can order the meeting with the partners or liquidators as the case could also be, called, control and conducted…

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Commencement of Business and the Prospectus of a company

 Here, we are going to discuss the commencement of business and the prospectus of a company. Have your eye on this to know some interesting facts related to business. Commencement of Business: A Private Company and a company having no share capital can commence business immediately after incorporation. A public company is required to apply for and obtain a certificate of commencement of business from the registrar of companies before it can do any business or exercise any borrowing powers.…

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Use of Trade Marks and Trade Names becoming impulsive

Every trader and business persons aspire to give a unique TradeMarks and a Trade Names for their products or services. Here we are going to discuss how that helps to enhance the business and its importance. Why trademark?    It is becoming increasingly common for a manufacturer or a trader to give a distinct name or get-up to his product so that the consumer relying on its quality, price or some such peculiar feature, identifies the standard products from other product, goods or…

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Top four Company Types and its Features – Solubilis

Features of the company types will be discussed here. Before that, we can have a small description about a company in the simplest manner. What is “Company”? The Company is a voluntary and autonomous association of a person, this is often made for achieving business activities. Companies are structured in numerous ways. A company may be a sole proprietorship, partnership or a corporation depending on the kind of company you are dealing with. It is not associate with a person but…

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