This article has been written by Ms. Sonakshi Singhla, a student of Army Institute of Law, Mohali INTRODUCTION Abridge, according to the dictionary, means to condense something without losing its original meaning. The Indian Companies Act, Section 2(1), defines an abridged prospectus as a memorandum that contains all the key elements of the prospectus as…
This article has been written by Ms. Khushi Prajapati , a student of Unity PG Law College. WHAT IS A PUBLIC COMPANY ? As per Section 2(71) of the Companies Act, 2013 “Public company” means a company which is not a private company and has a minimum paid-up share capital as may be prescribed. Provided…
This article has been written by Mr. Aditya Jain, a student of Maharishi University of Information TechnologyAccording to Section 2(92) of the Companies Act 2013 unlimited Company refers to a company that does not have any restriction on the liability of the company’s members. The shareholders and members are wholly liable to cover the debts of…
This article has been written by Mr. Aditya Jain, a student of Maharishi University of Information Technology Meaning of a prospectus As per section 2(70) of the Companies Act 2013, a prospectus refers to a document which invites proposals from the people for the buying of the securities of the company. ‘Prospectuses comprise not only…
This article has been written by Mr.Aditya Jain, a student of Maharishi University of Information Technology Introduction A prospectus refers to a legal document by the means of which a Public Company raises the funds subsequently after its incorporation. A vital role by the Promoters is played in the creation of the prospectus. Prospectus is…
This article has been written by Ms. Shruti Garg, a student of Indian Institute of Legal Studies INTRODUCTION Share capital is the amount that is invested by the shareholders in the company. It is a long- term source of capital in which the shareholders receive a portion of company’s ownership. For a company to have…
This article has been written by Ms. Shruti Garg, a student of Indian Institute of Legal Studies. INRODUCTION The directors of the company are the key managerial persons. They are professional men hired by the company to direct its affairs. The directors are sometimes described as agents, trustees or managing partners of the company who…
This article has been written by Ms. Shruti Garg, student of Indian Institute of Legal Studies. INTRODUCTION Notification is provided is in order to give the members of the company knowledge about a particular information. The notification provides the purpose and also makes it mandatory for the member to comply with it. A company may…
Introduction Securities are money-raising financial instruments. The main purpose of the securities markets is to facilitate the transfer of capital from those who possess it to those who need it. The securities market aids in the movement of resources from those who have idle resources to those who require them for productive purposes. e.g., a stock,…
Introduction Civil courts have the authority to try every suit which is of civil nature excluding those suits the cognizance of which is either impliedly or expressly barred. The Code of Civil Procedure, 1908 guides the working of the Civil Courts in India. Civil courts have jurisdiction in the matters of company law but then…
