Meaning of foreign companies
In terms of section 591, the foreign companies which are incorporated outside India are required to file certain documents with the ROC under the companies act 1956. The foreign companies that will be governed by the said provisions of the act are the following: Companies incorporated outside India which established …
Maintenance of accounts and preparation of annual accounts
The books of account shall contain : Particulars of money received and spent and the matters relating thereto. Liabilities of the LLP and record of the assets . Preparation of Annual Accounts Every LLP shall prepare a statement of account and solvency as on the last day of every financial …
Payment of dividend by companies
In a going concern the aggregate amount of dividend represents a portion of the next profits which the board of directors proposes to distribute to the shareholders as dividend. Fixed dividend on preference shares When a public limited company has issued equity and preference shares and where the company proposes …
Matters regarding appointment of directors
The board of directors is entrusted with the management and direction of the company to carry out its objects as contained in its memorandum and on the basis of the provisions in the act and in the articles of association. No company can function without a validly constituted board at …