The Companies Act, 2013 defines a prospectus under section 2 (70) Prospectus can be defined as “any document which is described or issued as a prospectus”. This also includes any notice, circular, advertisement or any other document acting as an invitation to offers from the public. Such an invitation to offer should be for the purchase…
View detailsINTRODUCTION Depository receipt is a negotiable certificate issued by a bank representing shares in a foreign company traded on a local stock exchange. Stock exchange is a marketplace where financial instruments like shares, commodities and bonds are traded. The main purpose of stock exchange is to accept listed securities as collateral and extend credit facilities…
View detailsOne of the chief-characteristics of the Indian Constitution is the way in which the normal federal Constitution can be adapted to emergency situations. A merit of our Constitution is that it visualizes the circumstances in which the strict application of the federal principles could destroy its basic assumptions. WHAT IS EMERGENCY? When the normal…
View detailsINTRODUCTION A company is formed when a number of people come together for achieving a specific purpose. This purpose is generally commercial in nature. The main purpose of business is to earn profit from as much as possible from the business activities. Every company has its own rules and regulations to be followed while running…
View detailsAbout Pravin My name is Pravin Kumar Ray and I am studying at Sarsuna Law College. I have completed my graduation on Accountancy (Honors) in 2020. I am a person who is positive about every aspect of life. I like to look at the clouds in the sky with a blank mind, and like to do…
View detailsAbout Sneha Greetings! My name is Sneha Badhiye and I am a final year Student of Law at Dr. Ambedkar College, Nagpur, set to graduate in 2023. I am diligent, result-driven and a highly focused individual aiming to apply my legal research, writing and presentation skills with a broader aim to thrive and excel as…
View detailsSection 49: Calls on shares of same class to be made on uniform basis. Any requests for additional share capital made in relation to a class of shares must be made uniformly with respect to all shares included in that class. For the purposes of this section, shares with the same nominal value but differing…
View detailsEvery person in the entire nation wants to earn more and more profit as much as possible. When one does not fit into one’s own undertaking, he tries to do something better than can be possible. In the corporate world, many companies amalgamate into one another to get the benefits out of it. They generally…
View detailsWhen a company is incorporated, one of the documents that must be filed with the registrar of companies is the memorandum of association. The definition of a memorandum in Section 2(56) is “the memorandum of association of a company as initially formulated or as revised from time to time pursuant to any previous company law…
View detailsIntroduction Section 61 of Companies Act, 2013, has laid down the power of limited company to alter its share capital. Section 61 came into existence on 1st April 2014 excluding the proviso of sub-section 1 and the proviso was implemented on 1st June 2016. Limited company refers to a company in which the liability of members of that…
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