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What is the secreatry's role in business?
The duties of the person responsible for company secretarial matters are not defined specially within company law. However, these may be divided generally into three main areas:maintaining statutory registerscompleting and filing statutory formsmeetings and resolutions.
Are the duties of a cmpany secretary merely ministerial?
a company secretary is defined as an officer appointed by the board of directors to ensure that the legal obligations is complied as demanded by the company legislation's. the company secretary has some roles and duties to perform. below are few of them; calling for meetings, recording of minutes, keeping statutory record books etc.
What are the rules and regulations under the companies act that a indirectly wholly owned subsidiary of parent company?
Under the Companies Act, an indirectly wholly owned subsidiary is subject to various rules and regulations, including the requirement to prepare and file financial statements, maintain proper accounting records, and comply with corporate governance standards. It must also adhere to disclosure requirements regarding its relationship with the parent company and any transactions between them. Additionally, it may be required to hold annual general meetings and ensure compliance with statutory obligations regarding dividends and capital maintenance. The parent company is responsible for consolidating the subsidiary's financial statements into its own.
When do a company acquire other company?
which was the company that acquired by the intel company
What is sister company and mother company?
A sister company is a company with the same owner while a mother company is the owner
How do you calculate the statutory reserve of a company?
what are the statutory reserves of a company?
What type of company needs a statutory report?
public company needs a statutory report
Which company is related to statutory meeting?
pubic company
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
Who appoints the statutory auditors for a company?
shareholders
What is statutory audit What is the exact meaning of statutory audit?
A statutory audit is necessary by law for auditing all company’s financial health and records. In the UAE Audit firms in Dubai provide a statutory audit for all companies in UAE to check financial health by reviewing its accounts & accounting activities. Government organizations in the UAE must have their accounts reviewed by statutory auditors. A company’s shareholders can select any qualified statutory audit firm in UAE at the annual general meeting. For more info refer : What is Statutory Audit | How To Do Statutory Audit of A Company In Dubai
What is the meaning of statutory company?
statutory co is a company which is passed by a special act by central or state legislature.like-indian railway,icai etc. This co dont required to have its MOA because the rules $ regulation are alredy written in such Act. the audit of such co is conducted by CAG
What is the difference between statutory body and autonomous body?
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
Is a company has a statutory right to alter its articles of association?
yes
What is a statutory body.Who are the statutory bodies of India?
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
What is statutory controls?
Statutory control is a type of company management that has been imposed by an industrial authority. Malpractice or corruption can lead an industrial authority to appoint a special team to run a company until investigations are complete.
What statutory restrictions are imposed on the alteration of articles of association of a company?
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