What is Section 45 of the Companies Act?

What is Section 45 of the Companies Act?

What constitutes financial assistance? Section 45 does not define financial assistance; instead it refers to financial assistance including the lending of money, guaranteeing of a loan and securing of any debt or obligation.

What is Section 73 of Companies Act, 2013?

Furnishing of deposit receipts to depositors.- (1) Every company shall, on the acceptance or renewal of a deposit, furnish to the depositor or his agent a receipt for the amount received by the company, within a period of twenty one days from the date of receipt of money or realisation of cheque or date of renewal.

What are Section 21 companies?

Section 21 of the Companies Act 61 of 1973 allows for a ‘not-for-profit company’ or ‘association incorporated not for gain’. Section 21 companies resemble business oriented (for profit) companies in their legal structure, but do not have a share capital and cannot distribute shares or pay dividends to their members.

What is Section 62 of Companies Act?

➢ Section 62(1)(a) of the Companies Act, 2013 states that company making right issue should send a letter of offer. ➢ No prospectus is required for ‘right issue’ to existing members, even if the members have right to renounce the right to a third person, who may or may not be a member.

What is section 55 of Income Tax Act?

The provision of section 55 as existed upto AY 2017-18 provided that for computation of capital gain ,an assesee shall be allowed deduction for cost of acquisition of the assest and also cost of improvement, if any. However, for computing capital gains in respect of an asset acquired before 01.04.

What does Section 27 of the constitution say?

Among other things, section 27 of the Constitution provides as follows: ❚ Every person has the right “to have access to health care services, including reproductive health care”. ❚ No person “may be refused emergency treatment”.

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