As per the notes to the clause of the Companies Bill, 2011, “this clause corresponds to section 84 of the Companies Act, 1956 and seeks to provide that a certificate issued by a company shall be prima facie evidence of the title of the person to such shares. It provides the manner for issuance of…
View detailsIntroduction: To run a company, it needs huge funds for its operations in long/short term. Company has to raise and pool the money to do the business it has various sources through which company can raise money as a Public co (Limited Co here) can offer its shares to general public to subscribe through Prospectus…
View detailsMeaning of Voting right: The term ‘voting right’ is defined in Section 2(93) of Act, as “Voting right” is the right of a member of a company to vote in any meeting of the company or by means of postal ballot. As per dictionary “voting rights” means “delegable right of a common stock (ordinary share)…
View detailsIn India’s Courts of Judicial Magistrate First Class, “Hurt” cases make up a significant portion of criminal proceedings at the moment. For instance, crimes punishable by Sections 323, 324, and 326 of the Indian Penal Code, 1860. Without these cases, there would be no criminal court. The words “hurt” can also mean “influence damage to,”…
View detailsShare is the interest of the member in the company, it represents ownership in the company. When an individual buys the share of any company, they become one of its owners known as shareholders choose who run a company and are involved in making key decisions. As per Companies Act 2013 section 2 (84) defines…
View detailsFinancial market has paramount importance in economic development. A company decides to issue its shares and securities for various reasons; the main reason being raising capital to meet its financial requirements may be for starting a venture, expansion, diversification and repaying debts, etc. This actually satisfies the number of investors wealth for the sublime reason…
View detailsWhen it comes to dealing with crimes, India’s criminal justice system adheres to the Indian Penal Code. The Indian Penal Code’s structure manages crime via justice and retribution. Due to the impact of English Law, Section 299 of the original Indian Penal Code had provisions for culpable homicide. Any act or physical injury committed by…
View detailsA woman may have physical and mental exhaustion after experiencing pregnancy loss (also known as a miscarriage), especially if it was brought on by another person or people. In such circumstances, the lady may desire to bring legal action against the person or people who caused her miscarriage. Unquestionably, such individuals might face penalties under…
View detailsThe ability of a corporation to buy its own securities is covered in Section 68 of the Companies Act of 2013 and the Companies (Share Capital and Debentures) Rules, 2014. Buyback sources include: The proceeds of a previous issue of the same kind of shares or other specified securities may not be used to purchase…
View detailsRights that the Shareholders enjoy- Dissenting shareholders are granted certain rights under Section 48(2) of the Companies Act, 2013. Section 48(2) states that in the event that the rights of any class of shares are modified, the holders of not less than 10% of the issued shares of that class, who are individuals who did…
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