ajay

With the growing demands in the corporate structure and overall economy development, the new legislation was passed, totally revamping the existing Company laws in the state. It has considered the revolutionary changes in the structure and functioning of the corporate bodies and gave them enough procedural competence and governance. The companies were more accountable and transparent by the introduction of the new enactment. The Companies Act 2013 passed by the Parliament received the assent of the President of India on 29th August 2013. There are more t...

When the banks and financial institutions indulge in their lending activities with or without securities, it improves its economic base and competes with the sister concerns. The element of recklessness crept into the system when prudential norms seldom followed, damaging its very existence in the rat race to earn profits and business. The country's laws are sufficient and efficient enough to protect the Banks and FI's interests. Due to mushrooming number of trade and business activities flourishing, it was necessary for the speedy recovery of the dues ...

The Pay Commission is an administrative system governed by the Government of India. The purpose of this system is to determine and suggest required changes to the salary of Government employees. All Central Government employees (including industrial and non-industrial) All personnel of the Union Territories. The Pay Commission is, however, not a constitutional body. From time to time, by the end of every decade, the Government revises the pay and perks of its servants. It is generally done for the officers to cope with the growing economic scenario, bas...