The Companies Act of 1956 was no longer serving up to be of use in the current economic and corporate scenario of India. The government hence, introduced the Companies Act 2013, in an attempt to refresh the antiquated laws and introduce much-needed reform. The new Act was also brought into the mix […]
Coimbatore (or Kovai, as many still refer it to as) is an industrial city in the southern state of Tamil Nadu. The city falls on the banks of Noyyal river near the Sirvuvani waterfalls. The city is famously called the pump city of India because of it’s […]
Mumbai, the acclaimed financial capital of the country is known for its fast-paced culture. Mumbai is a dream city to work for many individuals and many leave their hometowns and come to Mumbai to kick-start the growth of career. This is the reason the city also fondly […]
Hyderabad, the city of Nawabs is the capital of the state of Telangana. Hyderabad is famous for cuisine, culture and leisurely laid-back lifestyle. However, this laid-back culture does not affect the business dealings of the city. Telangana state ranked as the 2nd best state in […]
Companies Act Section 2(68) states that a company with the minimum paid-up share capital of one lakh rupees or higher as may be prescribed, is said to be a Private Company. It provides that:
