Friday, June 24

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MCA Companies Act – Glossary

Company Means a company incorporated under the latest companies Act or under any previous company law E.g. CBL Data Science Private Limited is a company incorporated under Companies Act, 2013 Associate Company A company that is in relation to another company.This means a company in which that other company has a significant influenceIs not a subsidiary company of the company having such influence andIncludes a joint venture company E.g. If Company A is having a significant influence on Company B, then Company B is an associate company of Company A Joint Venture (JV) Means a joint company where 2 or more companies or entities have joint control of the joint company, have rights to the net assets of the Company E.g. HDFC ERGO GENERAL INSURANCE COMPANY LIMITED...