Merits and Demerits of Government securities

MERITS OF GOVERNMENT SECURITIES : Zero risk: Government securities are free from any risk as there are no chances of default and government assures payment of principal along with interest. interest is paid regularly: in government bonds interest is paid at regular intervals generally half yearly or quarterly. Liquidity: government securities can be bought and sold regularly and can be instantly converted Read More …

DUTIES OF COMPANY SECRETARY IN RESPECT OF ANNUAL GENERAL MEETING

In this post, we will discuss the duties of the company secretary in respect to the Annual General Meeting. A company secretary has to perform various duties before the meeting, during the meeting and after the meeting which is discussed as follows BEFORE THE GENERAL MEETING To convene a board meeting, after giving notice as per section 173(3). Give advance Read More …

PROVISIONS FOR ANNUAL GENERAL MEETING ACCORDING TO COMPANIES ACT 2013

Section 96 provides that every company, other than a one-person company is required to hold an annual general meeting every year. SS-2 provides that the Board shall, every year, convene or authorize convening of a meeting of its members called the Annual General Meeting. Proper notice must be served in the manner specified under Section 101 and 102 of the Read More …

Liabilities of a Company Secretary According to Companies Act 2013

Liabilities of a Company Secretary is divided into two types Statutory Liability and Contractual liability. Statutory liabilities of a Company Secretary Default in Complying with name requirements – Fine of Rs. 1000 every day during which the default continues that cannot exceed Rs. 1 Lakh. Default is filing the return on the allotment – Fine Rs. 1000 every day during which Read More …