Recent Posts

How to start a trust – Section 8 Company under Company Act 2013

  As we had mentioned in our previous article, there are three ways to start a trust/ NGO. They are setting up a trust under Indian Trust Act, setting up a society under Cooperative Societies Act or Section 8 Company under Companies Act 2013. Erstwhile Section 25 Company (under Companies Act, …

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Kingfisher may fly free leaving bankers at the Airport Terminal

The then Finance Minister P Chidambaram advised public sector banks to take action against Wilful defaulters, especially in the case where the ‘promoter is prosperous but the company is sick” As per RBI guidelines, a wilful default is deemed to have occurred if– (a) The unit has defaulted in meeting …

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