A public company in India: achieving equity growth in passing years

The Companies Act 2013 incorporates a public company. The directors of the company manage the company, and the shareholders own it. A public company has limited liability, and its shares are tradable in the public market. A public company is also known as public limited liability. A public limited company is regulated by various legislation either in its business or in trading its shares. A public limited company in India is obliged to make its financial reports and balance sheets public to give shareholders all the information about the company befor...

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Types of companies in India and their formation under the Companies Act, 2013

The definition of a company is prescribed under the Companies Act, 2013. A company is an entity incorporated under the Companies Act, 2013, or under any previous company law. A company is a legal entity or a legal person. Companies have the right to enter into contracts with other parties and sue or can be sued in the court of law, possess and transfer properties in the same way as natural persons or incorporated association of persons. Features of the Companies Act Separate legal entity A company is an independent or separate legal entity. It ...

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Guide to Minimum Wages in India: Ensuring Standard Lifestyle for Employees

The Minimum Wages Act 1948 was enacted on 15th March 1948. This act was enacted to ensure a minimum wage for skilled and unskilled workers used in industries, factories, any place of business, or other establishments. The act ensures that employers do not exploit their employees in any establishment or industry. The central government is empowered to make rules related to the minimum wages for the scheduled employment under this act. The least amount of remuneration required to be paid to an employee by an employer for a given period cannot be reduced b...

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SUPREME COURT: A COURT OF RECORD AND ITS POWER

The Supreme Court, the apex court of India, acts as an appellate court whose decision is binding on all other courts (i.e., District courts or High courts) of India. It also acts as a court of record under Article 129 of the constitution of India. The Supreme Court is a court whose powers and proceedings are the reference for perpetuity and testimony. These records are of high evidentiary value and cannot be brought into question when presented before any other court. A court of record can punish and imprison for any offence, including the power to pun...

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