INTRODUCTIONWe all know that; a public company runs successfully when it gets funds from the public. To invite public for subscribing shares or debentures, a company needs prospectus. The prospectus of a company includes all significant information of the company, its history and future plans. Through this prospectus, the public will come to know about…
View detailsBefore colonialism, the judicial system of India was good at that time but the present judicial system is given by authorities and the legislation of colonial times is based on the religious system like Hindu & Muslim law but most of the law is being followed in this period is English law. The courts were…
View detailsCivil courts are the lowest courts which take cognizance of all the suits of civil nature except few of which the jurisdiction is specifically ousted. In India, the functioning of civil court is guided by the Code of Civil Procedure, 1908. Section 9 of CPC brings out the jurisdiction of Civil Courts which reads as…
View detailsThe shareholders democracy in today’s corporate world signifies the shareholders supremacy in the governance of the business and affairs of corporate sector either directly or through their elected representatives. The government of India has been endeavouring to scatter the shareholdership as widely as possible to avoid concentration of ownership in few hands. It is widely…
View detailsThe Official liquidator is the officer of high court. He is appointed from the date of the order of the winding up. He has certain duties to perform under the Companies Act and he has to do all the required things in respect of compulsory winding up of a company according to the instruction of the high court.…
View detailsThe Companies Act, 2013, Lays down the guidelines that every company must maintain and keep books, registers and copies of returns, documents etc. at its registered office. These books are acknowledged as Statutory Books. Statutory Books are the official records kept by company relating to all legal and statutory matters. The registers that contain the…
View detailsMeetings of the Board are covered in Section 173 of the Act, while quorum is covered in Section 174. – According to the Act, the first Board meeting must be convened within 30 days of the company’s incorporation. A minimum of four Board meetings must be held annually, and no more than 120 days may…
View detailsThe provisions pertaining to company accounting are covered in Chapter IX of the Companies Act, 2013 (CA 2013), which is comprised of Sections 128 through 128. According to Section 133 of CA 2013, the Central Government may specify accounting standards. The Ministry of Corporate Affairs (MCA) has announced Section 133 of the Companies Act, 2013…
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