‘Share certificate’ is a document issued by a company, which serves as evidence that the person whose name is on the certificate is owner of shares in the company. The Companies Act, 2013 mandates companies to issue such share certificates after the company’s incorporations. These are thus, very important documents which serve as primary evidence…
View detailsA no objection certificate or NOC is a very important document that establishes the legality of a particular transaction. INTRODUCTION What is a No Objection Certificate? A No Objection Certificate (NOC) is a document granting consent for the purchase or construction of property to a person or a company. Applicants must get a No Objection…
View detailsWhat is a Gift Deed? A gift deed is a legal document that can be used to transfer immovable property in accordance with section 122 of the Transfer of Property Act, of 1882. A gift deed includes information about the property, the transferrer, and the recipient, similar to what a sale deed does. However, it permits…
View detailsA builder-buyer agreement is a document which specifies the modalities, conditions and clauses between a builder and a homebuyer. The builder-buyer agreement contains clauses referring to the property in question, delivery information, and terms relating to default and late project delivery, among other things. At one point, delayed real estate projects affected the Indian real…
View detailsThe term equity shares which is more commonly to as a ordinary share refers to a form of fractional ownership in which each member assumes the full extent of an enterprise’s entrepreneurial obligation. The power to vote is available to these shareholders in any company. The Right to vote at the company’s annual general meeting…
View detailsAn equity share, occasionally appertained to as an ordinary share, is a form of fractional power that entails the topmost quantum of entrepreneurial responsibility for a trading organization. Let’s examine equity shares in lesser detail. The company keeps its equity share investment capital. It’s only returned after the business has been shut down. The company’s…
View detailsIn response to rising consumer demand for a diverse range of products and services across a variety of commodity categories, as well as rapid expansions in both competition and globalisation, countless businesses have sprouted up over the years to meet these demands and explore new avenues of meeting and improving upon these needs. Again, this…
View detailsIntroduction A Memorandum or a Memorandum of Association (MoA) serves as the company’s charter. It is a legal document created during a company’s establishment and registration procedure that outlines the goals for the organisation’s formation, its connection with shareholders, and how the two will work together. The company may carry out only the activities listed…
View detailsA share certificate is a piece of paper that certifies the holder’s ownership of shares in a firm for the amount of shares listed on the certificate. It can also be used as a receipt for the acquisition and ownership of shares of a firm. The certificate attests the shareholder’s registered ownership of shares as…
View detailsINTRODUCTION In India, the law governing the companies is the Companies Act 2013, its previous version was an act of 1956. Section 2(20) of the act defines a company as “a company incorporated under this act or under any previous company law”[1]. The above definition does not give a meaning of the words company hence…
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