Knowledge Bank

MERGER….. the future of India

According to Section 232 of the Companies Act 2013, Merger refers to an arrangement by which two or more companies join together to form one company. In other words, a merger is the combination of two or more companies into a single legal entity under which transferor companies lose its...

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Everything You Should Know About – CSR

What Is Corporate Social Responsibility (CSR)?Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR is a gesture of showing the company’s concern & commitment towards society’s sustainability & development. CSR is the ethical behavior of a...

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FINANCIAL STATEMENTS – From the Eye of a CS

What do we understand by the term ‘Financial Statement’?According to Section 2(40) of Companies Act 2013, “FINANCIAL STATEMENT” in relation to a company, includes—a Balance Sheet as at the end of the financial year;a Profit & Loss Account, or in the case of a company carrying on any activity not...

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Dematerialization of Securities & PAS-6

As per the notification issued by MCA on 10 September 2018, it was notified that with effect from 2nd October 2018:every unlisted public company shall issue the securities only in dematerialized form; andsecurities of every unlisted public company can be transferred only in Demat formevery unlisted public company shall facilitate dematerialization...

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CAN WILL BE CHALLENGED OR NOT?

Introduction-Death is a bitter truth, which is not faced by the person himself but is faced by his family. The second wave of Covid-19 resulted in unfathomable losses and deaths. Most of us witnessed life-or-death situations involving not only friends of friends, but also close friends and, in some really...

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