In this article, we will discuss what is meant by ‘Issue of shares at a premium’. We will also discuss for what purpose the premium on issue of shares can be used for.
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Profits in lieu of salary
In this article, we will discuss the items that are treated as ‘Profits in lieu of salary’. ‘Profits in lieu of salary’ are taxable as salary under section 17(1). According to section 17(3), ‘Profits in lieu of salary’ includes the following:
Read MoreDifferences between Perfect Competition and Monopoly
In this article, we will mainly focus on the ‘Differences between Perfect Competition and Monopoly’. But first we take a look at the definitions to get a clear idea about these two markets.
Read MoreDeterminants of Supply
In this article, we will discuss what is meant by ‘Supply’ in economics. Both from the perspective of an individual as well as the market. Afterwards we will discuss the ‘Determinants of Supply of a Commodity’.
Read MoreDistinguish between Equity Shares and Preference Shares
In this article, we will discuss the Distinction between Equity Shares and Preference Shares. Here, we have highlighted 10 important points. From definition to voting rights all aspects have been covered.
Read MoreAppointment of Directors
In case of a public company or a private company which is a subsidiary of a public company, at least two-third of the total number of the directors shall be liable to retirement by rotation unless the Articles provide for the retirement of all directors at every annual general meeting.
Read MoreDoctrine of Indoor Management
In this article, we will discuss the Doctrine of Indoor Management. Illustration of this doctrine and also the exceptions to this doctrine.
Read MorePrivate Company | Its Privileges and Exemptions
According to the Companies (Amendment) Act (2000), a private company is the one which
has a minimum of two and maximum of 50 members excluding the employees.
Illegal Association and Its Consequences
Under the Companies Act, an association of more than 10 persons carrying on banking business and an association of more than 20 persons carrying on any other business must be registered, it is deemed to be an illegal association.
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