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What does borrowing powers and debentures mean under company law?
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What is a Nidhi company?
Nidhi company is a company registered under Companies Act and notified as a nidhi company by Central Government under Section 620-A of Companies Act. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.
Tell you 2 disadvantages of borrowing money?
1) if you cannot pay it back the lender is out of pocket. 2) you then owe that person and all extra money you have until you pay them back belongs to them. borrowing can be okay if the amount is under about £10 though
Is there a penalty for borrowing against 401K's?
If you are under 59 1/2 there is a 10% penalty for withdrawing from your 401(k) early. This is a federal penalty assessed on your taxes.
Is a vigilinternational company under nbfc?
what rbi registesion no
Under what conditions will the government approve a merger?
When a company joins with another company or companies to form a single firm.
Under what conditions may the directors of acompany prefer to issue ordinary shares rather than debentures?
ordinary shares are equity whereas debentures are debt - debt is always payable, whereas, equity holders do not always necessarily demand a dividend payment immediately. it would depend on what the company wanted to use the funds for. if the funds were used to fund a project where the returns were not expected for a few years, a company may wish to issue shares rather than debentures as the debentures would have to be paid regardless of when the returns came.
What is a Nidhi company?
Nidhi company is a company registered under Companies Act and notified as a nidhi company by Central Government under Section 620-A of Companies Act. It is a non-banking finance company doing the business of lending and borrowing with its members or shareholders.
What are the characteristics of debentures?
Characteristics of a debenture:1. It is an instrument in writing. An oral promise in acknowledgement of a debt is not a debenture.2. It is an acknowledgement of the indebtedness of the company to its holder for the amount stated in it.3. It is usually under the seal of the company but it is not necessary. A certificate signed by two directors of a company and without bearing the company's seal is a valid debenture.4. It is one of a series of like debentures. But a single debenture may be issued to one man.5. It provides for the payment fixed sum with interest of a specified rate by a specified time. But this is not essential because a company may issue perpetual debentures. Section 120 of the companies' act 1956 expressly provides for the issue of perpetual or irredeemable debentures w3hich are made payable only in the event of a winding up or some serious default with the company.6. It is generally secured by a charge, fixed or floating on any part of the company's property or undertaking. But this is, however, not an essential condition because section 2(12) provides that the debentures may or may not constitute a charge on the assets of the company.FromRohit Mathur Jaipur
What are Residuary powers?
These powers are neither under the legislative powers of the State nor the Union, but is under the jurisdiction of the Judiciary.
Types of fixed income?
Immediate answer coming to my mind is Bank deposits. Debentures and preference shares also fall under this category.
Do under taker has powers?
no
What are the powers granted to the Federal Government under the elastic clause called?
Implied Powers
How are powers shared under the federal system?
Powers are shared by jumping off cliffs
Under the 10th Amendment powers not enumerated in the Constitution are?
Under the 10th Amendment powers not enumerated in the Constitution are reserved to the states, respectively, or to the people.
What power belongs to the federal government under the elastic clause?
Implied powers belong to the federal government under the elastic clause. Implied powers are the powers exercised by Congress which are not explicitly given by the Constitution itself but necessary and proper to execute the powers which are.
Under the constitution powers which are assumed to belong to the federal government under the elastic clause are called what?
Powers which are assumed to belong to the federal government under the elastic clause are called implied powers. The elastic clause allows Congress to pass laws that are â??necessary and properâ?? to exercise the powers that are specified in the Constitution.
Who had most of the powers under the articles?
The States
