The history of Indian Company Law began with the Companies Act 1850, which was modelled on the British Companies Act 1844. Between 1850 and 1882, the Companies Act was amended many times and the Act of 1882 replaced all the previous laws and remained in force till 1912 though amended many times. The Indian Companies…
Future Group Kishore Biyani founded Future Group in 2013. His grandfather had a textile shop in what was then called Bombay. He followed his grandfather’s footsteps and started Pantaloon. With the help of the stock market, he got a lot of money which he used to open a huge Pantaloon store in Kolkata in 1997. …
The law and legal system plays a very important role in any civilization. In the modern times, where the term equality plays a very important role in the society we can never imagine a society without law and legal system. Law is not only important for an orderly social life but is also essential for…
Mergers and acquisitions, also known as M&A is the merging of two separate companies or the acquisition of a smaller company by a bigger one. Although they are commonly referred together, there are significant differences between the two terms which a common layman may be unaware of. Merger means combining of two or more entities…
History is a constant discourse among past and present, and our principle point of examining history is to educate the present. “Monetary history can be thought of as a quest for comprehension of the idea of financial movement before. Such investigation is naturally fulfilling yet in addition can be valuable in revealing insight into inquiries…
PROMOTERS IN COMPANY LAW (PART 2) A promoter has the foremost major role within the incorporation of a corporation from a mere business idea. They perform the subsequent functions to line it on a course of development. Promoters are generally the primary persons who conceive the thought of business. They perform the required investigation to…
PROMOTERS IN COMPANY LAW(PART -1) Before 2013 there was no legal position related to promoters were defined in the Old Version of the Act of 1956. In the Old Act, the subscriber to the M.O.A was regarded as the promoters since they had subscribed to the company from its inception. CONCEPT ‘Promotion’ may be a…
In Company Law, prospectus plays a significant role, where it contains all the material information (General, Financial & Statutory) of the company i.e., prices and shares detail of the specific company, which helps the general public who wishes to shop for a share therein specific company. As the prospectus may be a legally mandated document…
Corrections to Companies Act, 2019 The revision made to the arrangements has adjusted the importance of corporate social duty and has made changes in specific arrangements of the Act. According to the revisions made by the public authority, the arrangements are made compulsory for contributing a piece of the portions of the organization for the…
MINOR LIABILITY IN PARTNERSHIP INDIAN PARTNERSHIP ACT, 1932 A minor, being incapable to make an agreement or contract, cannot be a partner in the firm. However, he may be admitted only to the benefits of the firm with the consent of all other partners. “A person can become a partner only by an act of …
