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What Happens When a Company Is Registered as a Members Voluntary Liquidation?



What are Members Voluntary Liquidation? Well, to put it simply, it’s when a company enters into liquidation. Normally in such cases there has been unsuccessful attempts by the company to resolve the debt through standard means. For example, if you have an account that is way over your head in terms of debt, it may not be possible to get your creditors to agree to a lump-sum repayment. As a result, the company makes the decision to enter into Members’ Voluntary Liquidation. By entering into this process, the company can then agree with your creditors on a reduced amount that they can pay off with an auction of your assets.

This is considered to be a voluntary process as the companies are not forced into it. Usually, companies choose to go through this process when they are facing increasing pressure from their creditors. The companies only need to make a few payments that they have agreed upon with their creditors. Once they have reached a certain amount, they will cease making payments and all outstanding debts will be settled. In many cases this involves an auction of assets in order to settle the debt.

So, how do companies decide if they are going to enter this voluntary process or not? Well, in recent years there has been a significant increase in the number of companies that are opting to liquidate. In fact, it is now being referred to as being like a ‘credit crunch’.

In order for a company to be entered into the Members Voluntary Liquidation process they need to show that they are unable to pay any more than they can to their creditors. They also need to show that they have tried other alternatives to paying off their debts including entering IVAs and other forms of agreements. The company will then have to provide written evidence that they cannot continue to service their debt and that any alternative arrangements they have made have been unsuccessful.

As well as providing proof of inability to pay, a company also needs to show that they are trying to try to repay the debt. They must provide documentation outlining what has happened at each stage of the process, how much they have repaid and how successful they have been at doing so. These are known as the results of the company administration process.

However, just because the company is unable to continue with their debt does not mean that they should go ahead with a bankruptcy. There are many reasons why a company may enter a Members Voluntary Liquidation process such as repossession of property, winding up, repossession followed by creditor negotiations, compulsory liquidation and even reorganisation. If a company is unable to pay its creditors or find some form of solution, a bankruptcy will undoubtedly be the last resort. If a company fails to get any kind of resolution from its creditors, an event known as winding up will occur.

Once all avenues leading to a company administration have been exhausted, and the company no longer can pay its creditors, it is likely that the company will wind up in the receivership market. This is when the company is sold off to one of several creditors that are looking for a quick solution to the problem. A creditor that buying a company can then make an offer to all the company’s creditors. The offer will need to be approved by several creditors before the company can get back up on its feet again.

One of the main benefits of Members’ Voluntary Liquidation is that it avoids a long and drawn-out court procedure. In the past, it was necessary for companies to go through a lengthy series of formalities and meetings with creditors. By allowing Members Voluntary Liquidation to take place, this process is avoided. Also, once a company is listed as being voluntary, that company has no longer been able to ask for court approval to collect its debts from its creditors. This can really help improve the credit rating of a company, which is important if the company wants to continue trading.

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How Hiring a Web Development Company Can Drive Your Sales




If your website currently offers a substandard experience for anyone who visits it, you’re almost certain to find that it doesn’t deliver you the customer sales that you’re looking for. It could be that it doesn’t encourage people to take action or it might load too slowly for anyone to want to stay around. If this is the case, you need professional help.

If you open yourself up to hiring a web development company you also open up the possibility of turning a site that simply drains money from your company account each month into a meaningful sales tool.

Hiring a Web Development Company Saves Time

The kind of improvements you need to make to optimize your site takes knowledge and time. If you don’t have this specialised knowledge, you could even waste effort without achieving your objective. However, when you have a team of professionals on your side, you get to concentrate on other things.

Professionals analyse your site setup and performance and can instantly pinpoint what needs to change, saving you time and money into the bargain, as it would take someone without their expertise much longer to fine tune the technical aspects.

Get Your Website On-Point Without the Stress

Your time is best spent doing what you’re good at and one of the advantages of hiring a web development company is that you get to do just that. Whilst you’re out there creating better services and products for your customers, your developer can be adding website functions that encourage interaction and further browsing.

They can also be ensuring that your website flow is correct and that every page is properly optimized for SEO. These are just a couple of the many things they can do to ensure your site works hard for you, which is essentially why you set it up in the first place, right?

Hiring a Web Development Company Makes Commercial Sense

If you think of your business as a mathematical equation, you need to pursue the strategies that are most efficient. Whichever way you look at it, modern companies need to have an online presence and most people just don’t possess the skills needed to optimise it. That alone is reason enough for the wisdom of hiring a web development company to become apparent.

So, if your website is currently more of a placeholder than a marketing tool, we’d seriously recommend considering enlisting professional help. One firm that very much fits the bill in this regard is Eventige Media Group.

Getting your website optimised for SEO and customer engagement takes knowledge of the correct strategies for your own specific industry. That’s why it’s one of the few areas of your business that it doesn’t pay to cut corners on.

Thanks very much for reading our blog. We hope you enjoyed doing so and that it has shown you without a shadow of a doubt that a good web development company on your side is a wonderful thing to have.

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How to Make Money Fast in Times of Crisis



In terms of finances, the year 2020 has been extremely unpredictable across the globe. The ongoing coronavirus pandemic has led to a global economic crisis that has severely impacted the economic status of people from all countries who are struggling to put food on their table.

Some people have been furloughed from their jobs, and are surviving on government grants. Others have seen their businesses close down and jobs dry up as the economy has been brought to a screeching halt.

If you’re in a bind financially, you need to find a way to generate some cash that will meet your immediate needs. While the current economic climate has caused job opportunities to be limited, there are alternative methods to generate income quickly.

For example, you can sell or dispose of various items you may not use frequently. These items can fetch a decent amount if they are sold through appropriate channels. To find out more, read on!

What Can You Sell To Make Money?

There can be numerous items or products in your possession that can recoup a significant portion of their initial cost, and some can even appreciate in value.

A few examples of such items are designer handbags, watches, and jewellery items. Depending on the brand and item’s model and condition, these luxury items can be sold at a premium price.

In some ways, you can view these extravagant purchases as investments or assets that can be sold in times of need to obtain some cash quickly.

Alternatively, if you own gold or other precious metals, these assets can prove to be fantastic investment choices as well.

Where Should You Sell These Items?

The catch with luxury items is that you have to sell them through the right channels if you want an adequate return on your initial investment.

It can be tempting to just create an ad on eBay, especially if you think your item is worth a lot of money. You might even be anticipating a bidding war for your item.

In reality, online exchange platforms like eBay are too commercial to sell your luxury items. There is increased competition due to an abundance of options, and the potential to be scammed is always there.

What you could opt for instead is a reliable pawnbroker.

Why Are Professional Buyers the Best Choice?

When it comes to selling luxury goods, professional buyers such as online pawnbrokers or pawn shops are a viable choice, especially in times of crisis. First of all, experienced buyers frequently deal with luxury items, and their business processes are designed to facilitate easy transactions with the customer.

They Have Experienced Appraisers – They also employ professional appraisers that can determine the true value of your various items, such as Rolex watches or Gucci handbags. This will help you recoup a better value for your items and their worth will be reflected in the selling price.

They Ensure Quick Sale – If you’re willing to sell your prized possessions or luxury items, you probably need the cash quickly and have no other avenues to obtain that amount. Professional buyers are aware of your requirements and cater their services to serve your immediate needs.

Buy-Back Option – The online platforms operated by professional buyers offer a streamlined process that provides you with a lump sum cash payment. If you grow sentimental over the sold item, the pawnbrokers offer a buy-back option as well.

If you need to sell off your designer items to make some money quickly, pawnshops could be a feasible option. However, it can be challenging to find one that’s still open due to the prevailing coronavirus pandemic.

Luckily, some pawnbrokers have utilised online platforms to keep their businesses running during these trying times, which allows you to dispose of your items and make some cash in a crisis. Good luck!

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5 Advices From Seasoned Investors On Opening Demat Account



Before doing anything, getting the necessary information about it is extremely important. This certainly holds true for opening a Demat Account. If you are not aware of the certain aspects of this account, then it may create problems for you later.

Knowing what the seasoned investors think about opening a Demat Account can help you take the right course of action. These investors have remained in the field of investment for a long period of time and hence can be easily designated as an expert. Their advice can not only help you in knowing how to open Demat Account but they can even help you see different factors which are quite important but generally go unnoticed.

These are the five things which the expert investors recommend you to keep in mind before opening a Demat Account.

Depository And Depository Participant

Even before knowing how to open Demat Account, it is important for you to know what depository and Depository Participants mean.

A depository is an agency in which an investor opens a Demat Account. Banks or any such financial institution can serve as depositories. An investor must, before opening a Demat Account, check that a depository is signed under a recognised regulatory body. There are only two bodies under which depositories can be registered:

  • National Securities Depository Participant (NSDL)
  • Central Depositories Securities Limited (CDSL)

A Depository Participant or DP acts as an agent or intermediary between you and the depository with which you are going to open a Demat Account. As they are the representatives of the depository, it is not possible to open a Demat Account with them.

How To Open Demat Account

The first and most important thing which the experts recommend is to know precisely how to open Demat Account. Many people think that opening a Demat Account is a cumbersome process and takes a lot of time and effort to open it. This, however, is not true at all.

Given below are the details which will neatly provide you with the step by step process on how to open Demat Account:

  1. Select the Depository Participant through whom you would like to open a Demat Account.
  2. Along with an application form, submit photocopies of important documents including PAN card and Aadhar card for KYC.
  3. Read the terms and conditions pertaining to the Demat Account before signing it.
  4. Your documents will be sent for verification and approval.
  5. Once the approval process is completed, you will be getting a unique beneficiary owner ID (BO-ID), which will be important to access your Demat Account.

Simple though the process is, experts suggest that it is important to keep the required documents handy and that the details should be entered carefully. But what they most stress upon is the necessity of reading the terms and conditions of the Demat Account. You can avoid great inconvenience if you go through this document with the utmost diligence.

Charges Involved

It often happens that people go for a DP who offers a free Demat Account thinking it will not cost them a single penny. This misunderstanding, the experts say, is the most common trap in which beginners fall while applying for a Demat Account.

The free Demat Account is nothing more than a regular Demat Account with only waivers on the Annual Maintenance Charge (AMC), that too for the first year only. It might seem that it is better to go for a DP which at least provides some sort of waivers. But you should first compare the different charges you will incur from different DPs before coming to a decision. These charges are as follows:

  • Account Opening Charge
  • Annual Maintenance Charge
  • Custodian Charge
  • Dematerialization Charge
  • Postal Charge

There is no point in getting a DP who offers a discount on AMC but recovers it from a high dematerialization charge.

Customer Service

It is not just the quality of the product but the post-sale service it entails which manifests its supreme quality. Seasonal investors say the same thing about Demat Account. Many DPs will try to lure you with great offers but the rather important point is how good their customer support service is.

Good customer service can help you easily resolve the problems faced in the Demat Account.

A customer service number which is always found either busy or unreachable serves no purpose. Therefore, you should always go for a Demat Account whose provider ensures you a quality customer support service.

Demat Account In Case You Settle Abroad

Even if you know how to open Demat Account it might come as a surprise that it is possible for you to become an NRI and still enjoy the benefits of Demat Account. For this, you will just have to open a Repatriable Demat Account. With this option, you can easily transfer your shares abroad.

So if you were planning to open a Demat Account but dropped the idea by thinking it is meant only for the residents of India, knowing about repatriable Demat Account can be of much use to you.

Being well versed in something as simple as how to open Demat Account to a little more complex procedure of the Repatriable Demat Account is important. Once you have figured these things out, you are good to go for a Demat Account.

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Things a First Time Car Buyer Needs to Know




Things a First Time Car Buyer Needs to Know

Buying your first car is a big milestone in life.  You can already envision the moment when you get the keys to your very own vehicle — a mixture of triumph, excitement and satisfaction. But first you have to clear some hurdles standing between you and your dream set of wheels.

Namely, you still have to navigate the car buying process from start to finish. Doing your research ahead of time can not only help you do so with confidence and a clear mind, but also can potentially save you hundreds or thousands of dollars along the way by helping you avoid costly mistakes.

Here are some things a first-time car buyer needs to know before even visiting a dealership.

Make a Budget Before Shopping Around

It’s a tale as old as time: Your eyes lock on the most beautiful vehicle you’ve ever seen, and the rest is history. The issue? Your monthly payments end up being more than your budget can comfortably support. This is the problem with trying to fit your budget to a certain vehicle rather than vice versa.

Make a detailed budget outlining your income versus your monthly expenditures. Calculate exactly how much you can consistently devote to a car payment and how much you can afford to put down.

As CNN Money recommends, you should anticipate spending 10 to 15 percent of your total monthly budget on vehicle expenses — including loan repayment, repairs and insurance premiums. Any vehicle that eats up more of your budget than that is generally too costly.

Outline Your Needs from a Vehicle

Another way to fight impulsive car-buying decisions is by walking in with a firm idea of your ideal models rather than letting your eyes wander on the dealership lot.

Here are some key questions to ask when honestly assessing your vehicle needs, according to Edmunds:

  • How many people will be riding in the car?
  • How important is fuel economy for your commute?
  • Do you live in a climate necessitating all-wheel drive?
  • What safety features are important to you?
  • How much cargo do you need to carry?
  • What entertainment and comfort features do you want/need?

Start with the non-negotiable needs, like how much passenger and cargo space you realistically need. Then move onto your wants — those features you’d appreciate but could sacrifice if need be.

Look at Total Price, Not Monthly Payments

A word of advice to the first-time car buyer: Look at total price rather than monthly payments. Why? Because dealerships might be able to get payments on a certain vehicle to fit your monthly budget — by extending the term of your loan as long as 72 or 84 months. So, though the payment seems affordable, you’ll be paying more much longer and will end up spending much more in interest over the life of the long loan.

Here’s an example from Autotrader: Paying $400 monthly for 60 months comes out to $24,000. But paying $400 monthly for 72 months comes out to $28,800. For 84 months, the same payment would cost you $33,600. The monthly payments appear the same at first glance, but the total costs end up being much different. 

Consider All Your Financing Options

Did you know you don’t have to apply for a loan through the dealership? It’s oftentimes convenient, but you can absolutely get preapproved from other banks, credit unions or online lending companies before even stepping onto a lot. Shop around so you know what interest rate you can secure based on your credit history. This way, you’ll walk in holding the cards rather than operating at the mercy of the dealership.

Knowledge is power as a first-time car buyer, so do your research ahead of time to position yourself for success. Good luck!

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Integrated Learning System – The New Kid on the Education Block




When you hear ‘A home away from home’, what comes to your mind? For most of us, it meant our schools because a considerably large part of our day used to be spent in schools. Also, school is where the foundation of the character of a child is laid, and it has an immense impact on the overall development of a child. School plays a great role in moulding the personality of a child.

But, coronavirus’ entry in the world meant schools getting shut indefinitely. The ongoing COVID-19 pandemic has been a huge wake-up call to the age-old education institutions and their pedagogical systems. They had become stagnant and were still following traditional systems of learning. This time, even they have stepped up to incorporate new teaching methods into their curriculum. They have understood the importance of digital classes. This is when Integrated Learning Systems for schools come into the picture.

Integrated Learning Systems

What is it?

Integrated Learning systems are the tech systems that device the integration of offline-online learning strategies to provide a seamless learning experience. They combine hardware and software solutions together to deliver educational content. This system has an array of assessment and management tools that measure, monitor and maintain the effective delivery of content. 

They focus on each person’s unique learning experience. It does away with the traditional method of sitting at a desk and taking notes in a notebook with a pen. The students are free to learn in a way that suits them. They can take interactive quizzes, create multimedia portfolios, watch videos, and listen to podcasts. They enter a whole new virtual world.

Why is everyone talking about ILS?

All the schools that want to upgrade themselves are talking about the new kid on the education block – Integrated learning systems. Platforms such as Integrated Learning Systems in schools have prioritised offering teacher-student engagement metrics for a better online learning experience. Realise the unique virtual classroom experience with these new solutions. Integrated learning systems are quintessential for learning in today’s age.

The schools have realised that videos, power points, graphics, podcasts, images, comics and other things are essential visual tools to enhance understanding and information retention capabilities.

Why is multimedia given more weightage in the learning sector these days?

The answer might sound like a cliché, but it’s true. ‘A picture is worth a thousand words’. So, with multimedia learning, instead of theory, students’ imagination gets better as they can see a topic in action in front of their eyes. This makes lesson delivery very useful, and the pupils understand the topic better.

Many reports highlight the digital classes’ trends; all signs seem to point toward the digital classes industry growing more robust in the future. As technology develops and innovation forays into the education sector, these trends will emerge stronger and help create a more comprehensive, inclusive and engaging learning environment.

Why your school needs an efficient ILS?

With their overall product offerings, the Integrated Learning Systems help schools maintain their high education standards and provide a 100% Complete School Experience. They bring in new features in the pedagogy of schools which changes the ways of assessments and progress of academics.

Also, by cutting down the costs of running a school overall, the extra funds can be allocated to enhance the learning experience further. Or, it could be used to provide scholarships in the form of fee concession to meritorious students. This will make education affordable for those parents and students whose aspirations are high but don’t have the means to attend a good school.

The position of Integrated Learning Systems has strengthened in the market because, with COVID-19 outbreak, the schools had to immediately switch to the online mode of learning via digital classes. The schools who already had a promising Integrated Learning System in place were able to finish the year’s curriculum without any bottlenecks because they already had the structured learning system in place.

A good ILS also allows managers, mentors and teachers to monitor their learner’s progress, and it has a well-connected feedback system that helps them understand the subject matter in a better way. These ILS systems also provide access to progress dashboards and reporting features to help the stakeholders monitor their own and others’ progress.

This helps increase engagement and retention as the learners can watch their progress grow in real-time as they submit their assignments. Teachers can also monitor their students’ progress at the touch of a button and offer any learners support based on their progress report.

Latest Integrated Learning Systems have built-in reporting suites and dashboards which enable the stakeholders to generate a whole host of reports whenever they want to. The software syncs the data together to create robust reports. Research suggests that about 85% of users feel using an Integrated Learning System significantly increases their productivity, transparency and efficiency across the school.

It provides you with an all-in-one learning software. Therefore, the users can access all the training tools they need at the click of the mouse button. They provide a unique integrated note-making feature that makes sure that the students don’t miss out on any information from their digital classes. A good ILS aims to provide the most efficient, accessible, and effective online learning to all students and online teaching experience to all the teachers.


Integrated Learning Systems should become an integral part of educational institutions across the country for all the good reasons that we have discussed. The pupils that use an ILS are more engaged in their lesson plans and training. They achieve more in less time, thereby increasing the returns on investment. This is a piece of great news for all the schools because every school wants its students to excel at academics.

Your school needs to adopt an integrated online-offline learning strategy to provide a seamless learning experience to your students. Incorporate the right Integrated Learning System in your school and let your digital classes be a growing and intriguing experience. Let your students explore their interests and take advantage of the whole new world online learning offers. These systems have stepped in at the right time with services that can enable blended learning now and post-pandemic. Don’t hesitate to sign up.

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