According to the Companies Act, 2013 there are two ways in which a company can be wound up. First, by way of voluntary winding up and second through the tribunal. In the whole process of winding up of the company, the sections of the Companies Act, 2013 are to be read with the National Company…
An Annual General Meeting (AGM) is an yearly meeting under the Companies Act, 2013 for an interaction between management and the shareholders of the company. Section 96 of the Act makes it compulsory for a company to hold an AGM to discuss various matters such as yearly results, appointment of auditor etc. A company must…
The formation and incorporation of a company is similar to the birth of a human as it go through various stages gradually. The procedure for incorporation of a company is divided into 4 stages. Promotion of a Company Incorporation of a Company Subscription of a Company Commencement of the Business Promotion of the Company- The…
Crime is a necessary evil that must be eradicated. A crime is any act that is prohibited and penalised by the law. It is difficult to define a crime generally because the meaning of the term differs from country to country, and activities that may result in incarceration and punishment in one country may not…
In Indian company law, a one-person company is defined as an individual who decides to start a business on his or her own. Entrepreneurs frequently choose to operate as a one-person company in order to maintain control over decisions and work quality. These lone entrepreneurs are also referred to as “solo entrepreneurs.” Free agents, freelancers,…
As the saying goes, what goes around comes around. Everything is inextricably linked to everything else. Only the produce that a guy deserves as a fruit of his labour will be given to him. This is how the virtue of responsibility motivates people to do what is good for others. A decent citizen has a…
As a final year law student there are two areas of law that always fascinates me: Merger and Acquisitions (M&A) Technology Law The first step to establishing a career in this complex yet fascinating law would be to learn about it as much as you can. So that I always used to read about these…
The duties of directors were first time codified in the Companies Act, 2013 under Section 166 which specifies that, company’s director shall act in accordance with articles of the company along with mandates to the directors as specified in the Act. It is required under section 178 (1) of Company Act, 2013 read with Rule…
As per the Guidance Note on Board Evaluation issued by SEBI on January 5, 2017, the process of evaluation involves; Identifying the objectives of evaluation Criteria of evaluation Method of evaluation Identifying the objectives of evaluation It helps in streamlining evaluation process, analyzing results and taking actions appropriate actions. Objectives can be; General objectives –…
Introduction: The most important part of starting a business is having enough money. Capital can be obtained in a variety of ways. When existing capital is insufficient to meet certain standards, a company can expand its capital by taking out loans. These loans, which are typically obtained from financial institutions or people, require the borrower/debtor…
