Registered 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…
UNDER 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,…
INTRODUCTION 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…
INTRODUCTIONWe 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…
Civil 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…
The shareholders democracy in today’s corporate world signifies the shareholders supremacy in the governance of the business and affairs of corporate sector either directly or through their elected representatives. The government of India has been endeavouring to scatter the shareholdership as widely as possible to avoid concentration of ownership in few hands. It is widely…
The Official liquidator is the officer of high court. He is appointed from the date of the order of the winding up. He has certain duties to perform under the Companies Act and he has to do all the required things in respect of compulsory winding up of a company according to the instruction of the high court.…
The Companies Act, 2013, Lays down the guidelines that every company must maintain and keep books, registers and copies of returns, documents etc. at its registered office. These books are acknowledged as Statutory Books. Statutory Books are the official records kept by company relating to all legal and statutory matters. The registers that contain the…
Meetings of the Board are covered in Section 173 of the Act, while quorum is covered in Section 174. – According to the Act, the first Board meeting must be convened within 30 days of the company’s incorporation. A minimum of four Board meetings must be held annually, and no more than 120 days may…
The provisions pertaining to company accounting are covered in Chapter IX of the Companies Act, 2013 (CA 2013), which is comprised of Sections 128 through 128. According to Section 133 of CA 2013, the Central Government may specify accounting standards. The Ministry of Corporate Affairs (MCA) has announced Section 133 of the Companies Act, 2013…
