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We live in a dynamic world that is becoming complex. Environmental, social, cultural, and economic challenges on a global scale have now become a part of our daily lives. Profit maximisation is no longer the main business performance metric for corporations, but acting as responsible corporate citizens who have a…

The notion of a company's independent legal personality is the one that serves as the foundation and a fundamental principle of corporate law in modern legal systems around the world. This idea provides the corporation with an identity that is distinct from its owners, members, or founders, granting the company…

Section 361 of the Companies Act, 2013 specifies a short process for the dissolution of corporations. The Central Government appoints an Official Liquidator to oversee the liquidation procedures. The summary procedure specifies a mechanism for winding up other than insolvency due to incapacity to pay debts. Let us briefly discuss…

All business organizations that already gain Foreign Direct Investment (FDI) or undertaken International Capital overseas with in preceding year along with the existing year are required to submit FLA Return. In other words, organizations who do have international financial assets on their balance sheet items, must file a FLA Return.…

Financial reporting is required for businesses since it offers information on a company's current state as well as its compliance with financial, corporate social responsibility, and accounting requirements. At the conclusion of each fiscal year, public and private limited firms must produce a financial document known as the Board of…

A director may resign from his office by giving written notice to the Company, and upon receipt of such notice, the Board shall take note of it, and the Company shall notify the Registrar, as well as include the fact of such resignation in the report of directors laid before…

The Companies (Amendment) Ordinance 2018 requires all companies registered on or after November 2, 2018, to file a certificate of the beginning of the operation. Form 20A is a declaration by the directors within 180 days of the company's establishment. This is one of the most critical compliances to follow…

Public firms have permission to provide loans, guarantees, and securities under the Companies Act, 1956. They can do so as long as they acquired prior clearance from the Central Government. Section 185 (as changed by the Companies (Amendment) Act, 2017): Limits the restriction on loans, advances, and other financial transactions to…

Additional capital shares are issued through Right Issue to raise subscribed share capital of a registered company. Instead of offering shares to the general public, the Company issues shares to existing shareholders in proportion to their current holdings. It is a highly effective strategy for increasing the Company's share capital.…

The purpose of an Annual General Meeting (AGM) is for the company's management and shareholders to engage. The Companies Act, 2013 mandates the holding of an annual general meeting to examine the financial performance, the appointment of an auditor, and other matters. Some of the business that can be transacted at…