Sigmalegal

HIGHLIGHTS OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS (PPIRP)

Pre-Pack insolvency for whom? Micro, small and medium enterprises are critical for India’s economy as they contribute significantly to its gross domestic product, works at grass root level and provide employment to a sizeable population. It is expedient to provide an efficient alternative of complex CIRP for entities classified as MSME enterprises ensuring quicker, cost-effective … Read moreHIGHLIGHTS OF PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS (PPIRP)

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 for profit, … Read moreFINANCIAL STATEMENTS – From the Eye of a CS

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 existence and hence dissolved and … Read moreMERGER….. the future of India

FAQs on filing of PAS-6 and Demat of Shares

Question: Is it applicable to all the Companies? Answer:  No, it is applicable on every unlisted public company shall except the following unlisted public companies: a Nidhi; a Government company or a wholly owned subsidiary  Question: Is there any exemption for any public Company for filing this form and private company which directly indirectly covered … Read moreFAQs on filing of PAS-6 and Demat of Shares