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Debentures for CS Executive Course We are pleased to present CS Foundation, Executive, and Professional online classes for the students preparing for CS. The entire course is divided into CS Foundation online classes, CS Executive online classes, and CS Professional online classes. Regularly we are posting articles related to CS courses. What is Debenture? As per Section 2 (30) of Companies Act, 2013   “Debenture” includes debentures, stock, bonds, or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not. In other terms, A Debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer.   Debentures can be classified into different categories on the basis of : Convertibility of the instrument Security of the instrument Redemption Ability Registration of Instrument Classification on the basis of “CONVERTIBIL

Employees Provident Fund topic for CS Executive Employees Provident Fund A Brief Introduction The Employees Provident Funds and Miscellaneous Provisions Act, 1952 are applicable to employees whose wages* exceed Rs. 15,000/- per month. This ceiling limit has been amended and applied from September 01, 2014 (earlier the limit was Rs. 6,500/-) However, employees drawing salary below this limit can also have the benefits of this Act with their choice. The wages* includes basic wages with dearness allowance, retaining allowance (if any), and cash value of food concession. As per Section 1(3) read with Section 16, this Act applies- To every establishment which is a factory engaged in any industry specified in Schedule I and in which 20 or more persons are employed; and To any other establishment employing twenty or more persons or class of such establishments which the Central Government may, by notification in the Official Gazette, specify in this behalf. As per Section 16, this Act does no

Leveraged Buy Out For CS Executive “Leveraged Buy Out” is also termed as “Management Buy Out” Management Buy-In (MBI) In a Management Buy-In (MBI) a manager or a management team raises or the finance for the company or buy the company. Here the manager or a management team who raises the finance is from outside the company and becomes the company’s new management. A Management Buy-In team competes with other purchasers in the search for a suitable business. The team is usually led by a manager with significant experience at managing director level. Management Buy-Out (MBO) Management Buy-Out (MBO) is same as Management Buy-In (MBI) with a slight difference. Here, the manager or management team WHO raises or the finance for the company or buy the company, that are already working for the target company. It can also be defined as the purchase of a controlling share in the company by its executive directors and/or management.   Buy-In Management Buyout (BIMBO) Buy-In Management Buyout (BI

                                                  NBFC (Non-Banking Financial Company)   What is “NBFC”?   NBFC is a company registered under Companies Act, 2013 or earlier Companies Act or an institution engaged in the business of loans and advances, acceptance of deposits under different schemes and to invest this money in any manner like the acquisition of shares, securities, bonds, hire purchase, etc..  RBI Act, 1934 includes a Financial Institution which is a company or a non-banking institution which is a company having its principal business of receiving the deposits under any arrangement or scheme or in any other manner, or lending in any manner as an NBFC.   NBFC may be categorized as:   Loan Companies Investment Companies Hire Purchase Finance Companies Equipment Leasing Companies Mutual Benefit Finance Companies Housing Finance Companies etc. Asset Income Approach   In order to identify a particular company as an NBFC, consider both, the assets and the income pattern from th

Learn All about e-Form DIR-11 and DIR-12 for CS Executive Company Law For Students Preparing For Cs, We Are Pleased To Present Cs Online Coaching Courses. The Entire Course Is Split Into Online Classes At Cs Base, Online Classes At Cs Executive, And Online Classes At Cs Specialist. We Make Sure That Papers Related To Cs Courses Are Regularly Updated. "We Have Taken "Dir-11" Of Company Law From Cs Executive In This Report. These Notes Are Simple, Crisp, And Easy For Anyone To Comprehend. A bout e-Form DIR-11 Enter the date of appointment or resignation of the director in the company. In case of an alternate director, enter the DIN of the director to whom the appointee is alternate and click Pre-fill button. The system will automatically display the name of the director to whom the appointee is an alternate. Enter the date of filing of resignation with the company and also effective date of resignation specified in the notice. The resignation of a director shall take effec

Learn All about e-Form DIR-11 and DIR-12 for CS Executive Company Law For Students Preparing For Cs, We Are Pleased To Present Cs Online Coaching Courses. The Entire Course Is Split Into Online Classes At Cs Base, Online Classes At Cs Executive, And Online Classes At Cs Specialist. We Make Sure That Papers Related To Cs Courses Are Regularly Updated. "We Have Taken "Dir-11" Of Company Law From Cs Executive In This Report. These Notes Are Simple, Crisp, And Easy For Anyone To Comprehend. A bout e-Form DIR-11 Enter the date of appointment or resignation of the director in the company. In the case of an alternate director, enter the DIN of the director to whom the appointee is alternate and click the Pre-fill button. The system will automatically display the name of the director to whom the appointee is an alternate. Enter the date of filing of resignation with the company and also the effective date of resignation specified in the notice. The resignation of a director shal

The Maternity Benefit is a payment made to a woman during or after birth.   There is a law called the "Maternity Benefits Act, 1961, which during a certain period regulates the female employment of women." The Act extends to all factories/establishments but does not extend to those factories/establishments to which the State Insurance Act of Employees applies.   Right / Eligibility for maternity benefit payments   In any establishment, every pregnant woman is eligible for maternity benefits at an average regular wage rate*, given that she has worked for a minimum of 80 days in the previous 12 months, i.e. 12 months before the scheduled delivery date.    Average daily wage rate means an average of the wages payable to the woman in the preceding 3 months prior to maternity leave or minimum wage rate set under the Maternity Act, 1948 or Rs. 10; the highest is whatever.   The maximum time during which a woman is entitled to a maternity allowance is 26 weeks, and only up to 8 week

Investment Allowance (Section 32AC) A deduction for investment in new plants and machinery is authorized under section 32AC. Apart from depreciation and further depreciation, this deduction is allowable.   It is an opportunity for the purchase and installation by a production business of new plants and machinery. This is an opportunity implemented in the 1961 Income Tax Act to encourage investment by manufacturing firms in modern and high-value plants and machinery. The acquisition and installation had to be carried out from 1 April 2013 until 31 March 2015. The clause has also been updated to include the deduction in the 2016-17 FY.   The deduction is an investment-linked deduction i.e. the deduction is allowed as a percentage to the investment amount.   15% of the total cost of the plant and equipment that a manufacturing company acquires and implements and the value of the investment must exceed Rs. For Yearse, one hundred Crores combined. 2013-14 FY and 2014-15 FY. However, if the