Category: B.COM NOTES

Merits and Demerits of Government securities

TORAN LAL VERMA

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

TORAN LAL VERMA

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

TORAN LAL VERMA

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

TORAN LAL VERMA

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 …