Misstatements in Prospectus This article seeks to elucidate the concept of liability of misstatements in Prospectus. Introduction The purpose of this article is to examine the liability for misstatements in the prospectus of a company. Before going to the details of liability, a brief overview of the meaning and significance of the prospectus would be…
View detailsINTRODUCTION: Bill of exchange is a type of an agreement or a document where one party needs to pay a definite amount to another party on a fixed date or on demand by the parties. It is a type of binding agreement upon the parties. It is mainly used in international trade by the exporters…
View detailsEssential Elements of Crime There are 4 elements of a crime which are- The crime must be committed by a person The basic essential element of any crime is that it must be committed by a human being (person) who is under the legal obligation of a human being who is under the legal obligation…
View detailsINTRODUCTION There are numerous documents that should be authenticated on behalf of the company. Companies Act, 2013 and Companies (Registration Offices and Fees) Rules, 2014 state that documents need to be authorised by individuals or professionals, there are few things which are involved in these provisions of the related sections of the Act, which prescribes…
View detailsPrior to 1992, there were three Major Acts governing the securities markets were: Substantial part of the liberalization mechanism was the repeal of the Capital Issues (control) Act, 1947 in May 1992. With this, government’s control over issue of capital, pricing of issues, fixing of premia and rates of interest on debentures, etc. Ceased. The…
View detailsIndependent Directors’ Qualifications, Powers, and Terms of Appointment. An Independent Director has traditionally been a highly esteemed and intelligent someone who represents governance within the Board. A non-executive director of a corporation who satisfies the Companies Act of 2013’s requirements for independence is referred to as an independent director. Independent Directors serve as an oversight…
View detailsVoting rights of shareholders This article seeks to elucidate the concept of voting rights of shareholders. Voting rights of shareholders Investors have specific rights whenever they purchase company shares. Voting on specific corporate issues is one of these important rights. The percentage of his shares in the paid-up equity share capital of the corporation will…
View detailsA prospectus is a vital part of any business. In general, consumers search for a firm’s prospectus to determine whether or not they should invest in that company. It’s crucial that the things described in the prospectus are genuine. Companies create prospectuses because they want customers to come in and buy the firm’s debentures or…
View detailsINTRODUCTION The power granted by law to a court to hear cases and provide judgments on legal issues pertaining to a specific geographic area and/or specific categories of legal proceedings. It is crucial to establish which court has jurisdiction before a case is filed. Courts at various levels have jurisdiction over litigation involving various sums…
View detailsMemorandum of Association and Articles of Association are the two fundamental documents essential in the process of incorporation of Company. The very First step for starting a business is giving it a legal identity by registering a company. Companies are governed by legal documents that contents internal rules and regulations for conducting affairs of the…
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