Articles

October 27, 2022

Star Intern – Pravin Kumar Ray

October 27, 2022 Leave a comment

About Pravin My name is Pravin Kumar Ray and I am studying at Sarsuna Law College. I have completed my graduation on Accountancy (Honors) in 2020. I am a person who is positive about every aspect of life. I like to look at the clouds in the sky with a blank mind, and like to do…

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Star Intern – Sneha Badhiye

October 27, 2022 Leave a comment

About Sneha Greetings! My name is Sneha Badhiye and I am a final year Student of Law at Dr. Ambedkar College, Nagpur, set to graduate in 2023. I am diligent, result-driven and a highly focused individual aiming to apply my legal research, writing and presentation skills with a broader aim to thrive and excel as…

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Calls on Shares of Same Class to be made on Uniform Basis

October 27, 2022 Leave a comment

Section 49: Calls on shares of same class to be made on uniform basis. Any requests for additional share capital made in relation to a class of shares must be made uniformly with respect to all shares included in that class. For the purposes of this section, shares with the same nominal value but differing…

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Power of central government for amalgamation of companies in the public interest

October 27, 2022 Leave a comment

Every person in the entire nation wants to earn more and more profit as much as possible. When one does not fit into one’s own undertaking, he tries to do something better than can be possible. In the corporate world, many companies amalgamate into one another to get the benefits out of it. They generally…

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Procedure of Alteration of Memorandum and Article of Association

October 27, 2022 Leave a comment

When a company is incorporated, one of the documents that must be filed with the registrar of companies is the memorandum of association. The definition of a memorandum in Section 2(56) is “the memorandum of association of a company as initially formulated or as revised from time to time pursuant to any previous company law…

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Power of Limited companies to alter its share capital

October 27, 2022 Leave a comment

Introduction Section 61 of Companies Act, 2013, has laid down the power of limited company to alter its share capital. Section 61 came into existence on 1st April 2014 excluding the proviso of sub-section 1 and the proviso was implemented on 1st June 2016. Limited company refers to a company in which the liability of members of that…

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Interested Director

October 27, 2022 Leave a comment

Companies Act, 2013 defines a director as someone who is appointed to be a director on the board of directors.[i] Directors are supposed to act in a bona fide manner towards the company, as they are the agents of the company and thus have a fiduciary relationship with it. Directors are responsible for taking decisions…

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Authentication of Documents, Proceedings, and Contracts

October 27, 2022 Leave a comment

Companies Act, 2013 and Companies (Registration Offices and Fees) Rules, 2014 state that documents need to be authenticated by individuals or professionals, depending on the document. Section 21 of the Companies Act, 2013 states that a document, proceeding or contract requiring authentication on behalf of the company can be signed by an officer of the…

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October 27, 2022

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