Application of companies act,2013 Introduction Those that collaborate to accomplish a shared objective are referred to as a “company.” There are actually many reasons why people could wish to associate. However, the term “company” as used in the Companies Act of 2013 often refers to partnerships created for commercial objectives, such as operating a business.…
View details(SECTION 250) OF THE COMPANIES ACT 2013 The Certificate of Incorporation issued to a company that has been declared insolvent under Section 248 shall be deemed to have been revoked as of the date specified in the notice provided pursuant to Subsection (5) of that Section, save for the purpose of realizing the amount due…
View detailsEquity share capital Equity Share Capital: What Is It? Equity share capital is the money a company raises by selling shares to the public. Risk capital is another name for equity share capital. What Qualifies As Equity Share Capital? You must now have a basic understanding of the idea of equity share capital. Let me…
View detailsRegistered office of Company This article is written by Monika Pilania, a student of Maharshi Dayanand University, Rohtak. This article seeks to elucidate the concept of Registered office of a company. Meaning of Registered office The majority of a company’s business operations are generally carried out in its registered office. At the time of the…
View detailsSection 2(84) of the Companies Act 2013 defines share as “-a share in the share capital of a company including stocks.” Why a Company issues shares? A Company issues shares out of its share capital as authorized to do so, depending on the type of company it is and as per its incorporation documents i.e…
View detailsUNDER SECTION 215 OF THE COMPANIES ACT 2013 QUOTING THIS ACT No firm, body corporate or association shall be appointed as inspector. DEFINATION FIRM A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand,…
View detailsINTRODUCTION Mergers and Amalgamations is a type of reorganizational tool to diversify the business of various companies. Mergers and Amalgamations mean the procedure or arrangement of merging two or more existing companies or forming a new company. It leads to acquisition of assets and liabilities of different business. The acts which govern the Mergers and…
View detailsINTRODUCTIONWe 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…
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