INTRODUCTION 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…
Prior 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…
Independent 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…
Voting 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…
A 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…
INTRODUCTION 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…
Memorandum 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…
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.…
(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…
Equity 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…
