Introduction and Meaning of Statutory Registers Statutory Registers, as the name implies, are registers that must be kept by a company in order to record certain important data about the Company. According to the Companies Act, Statutory Registers are registers containing specific records of the Company’s shareholders, directors, deposits, loan & guaranty, etc., and are…
View detailsIntroduction A person or organisation associated with the reporting entity is referred to as a related party. If a person has control, joint control, or significant influence over the reporting entity, or if that person is a prominent member of its management team, then that person or a close relative of that person is related…
View detailsSection 2(84) of the Companies Act, 2013 defines shares, are the divided capital of the company.[i] The shareholding a person has in the company is their ownership in the company. A company releases shares in order to gain capital for the operations of the company, shares are some part of ownership within the company. Depending…
View detailsIntroduction A promoter plays the most important role in the formation and registration of a company under the Companies Act, 2013. The promoter conceives the idea of the formation of the company and takes all preliminary steps to get the company registered. The emphasis of all the definitions of a promoter is on the kind…
View detailsINTRODUCTION A court judgment or any other legal document is only valid when it is signed by the legal fraternity, without a proper sign it will be considered invalid. The same situation arises in the corporate world, as there are so many documents that should be authorized on behalf of the company. For example- the…
View detailsINTRODUCTION Everywhere in the entire world, one has to follow certain rules and regulations. If one wants to be part of something he/she has to follow certain rules and regulations. An individual, if wanted to remain in society, has to obey the law of nature and respect nature, otherwise, this nature will destroy an individual.…
View detailsIntroduction Section 40 of the Companies Act, 2013, lays down the guidelines to be followed when a company wants to raise money through a public offering. A public offering is when equity shares or other financial products, like bonds, are sold to the general public in an effort to raise money. This section lays down…
View detailsAccording to Section 2(84) of the Companies Act,2013, ‘share’ means a share in the share capital of a company and includes stock. NATURE OF A SHARE (a) A share is a right to a specified amount of the share capital of a company, carrying with it certain rights and liabilities while the company is a…
View detailsSweat equity shares, as defined by section 2(88), are equity shares that a company issues to its directors or employees at a discount or for something other than cash in exchange for their expertise, or in exchange for making available rights in the form of intellectual property rights or value additions, by whatever name called.…
View detailsA company whose control lies with another company is called a subsidiary company. The company controlling the subsidiary company is called a holding company. The holding company owns a majority of the shares of the subsidiary company, and thus, exercises control as the majority shareholder or has a controlling interest in the company. Holding companies…
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