Company Registration in Karur

What is Statutory Corporations, history and its principle characteristics?

Look into this article to get an idea about the statutory corporations, history and its principle characteristics. It is very essential to know the history when we step into the commercial sectors which will helps to gain more knowledge. Keep an eye on this article to know the clear-cut explanation of these commercial sectors. Study of statutory corporations: A company formed under an act of parliament or state legislature is called a statutory company/corporation.  The special enactment contains the power,…

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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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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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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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Want to know more about Private Companies Limited by Shares?

Incorporating a Private Company is incredibly easy but it has some laws and procedures to follow. Any individual or a corporate body can own a company. Here we have some essential information to know about the “companies limited by shares“. Private Company: A Private Company is the one which offers a limited liability and a protection to its shareholders and it has a minimum paid-up capital of Rs. One lakh or such a higher capital may be prescribed. Transferring of…

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