Company Law This article seeks to elucidate the concept of Company Law. What is Company Law? The set of laws, rules, regulations, and procedures that regulate the establishment and functioning of companies is known as company law. It is the body of legislation that governs the establishment of business-related legal entities. The laws have an…
SECTION 301 OF COMPANIES ACT 2013: ARREST OF PERSON TRYING TO LEAVE INDIA OR ABSCOND The rules of Section 301 go into effect on December 15th, 2016. You can refer to the S.O. 3677(E) notification, which was released on 7/12/2016. You will discover in-depth information about the provisions of Section 301 of the 2013 Companies…
INTRODUCTION A company issues shares in order to raise its capital from investors. The money collected from the issuance of shares is used to expand the company. Any person who purchases any number of shares of the company becomes the shareholder of the company which shows his/her interest in the company. When a person buys…
INTRODUCTION A company prepares a financial statement at the end of the financial year which depicts a company’s total assets, debt and shareholders’ equity that eventually provides the financial stability of that company. When a company’s financial statement is examined, it is important to recognise the shareholder’s equity or net worth. The shareholder’s equity or…
INTRODUCTION The Securities and Exchange Board of India was established through the SEBI Act, 1992. It is a regulatory body for the capital and security market. The main function of SEBI is to protect the interests of the investors in the security market and also to promote the development of the security market. SEBI was…
INTRODUCTION The Companies Act, 2013 introduced Section 135 and Schedule VII which makes it the first country in the world to mandate corporate social responsibility (CSR) spending along with a framework to identify potential CSR activities. The activities which can be performed by the company to achieve its CSR obligations includes eradicating hunger and poverty,…
Intrоductiоn CОVID-19 The pаndemic hаs hаd а significаnt impаct оn the wоrking pаtterns оf businesses. Cоmpаnies аre hаving а difficult time meeting their regulаtоry, prоcedurаl, аnd technicаl оbligаtiоns under the Cоmpаnies Аct оf 2013. (the Аct). The Gоvernment оf Indiа is lаunching vаriоus relief pаckаges tо аssist businesses in eаsing their оperаtiоns during the current…
INRODUCTION The directors of the company are the key managerial persons. They are professional men hired by the company to direct its affairs[1]. The directors are sometimes described as agents, trustees or managing partners of the company who work for the benefit of the company as well as its shareholders. Since the success of the…
INTRODUCTION Civil courts have jurisdiction to try all suits of a civil nature except those suits of which the cognizance is either expressly or impliedly barred. In India the functioning of Civil Courts is guided by the Code of Civil Procedure, 1908. Civil courts have a jurisdiction over company law matters but after the National…
Jurisdiction of Tribunal It is the name given to the ‘administrative exercise of the judicial functions. It is the term synonymously used with the administrative sections and decision making. It is the name given to various ways of deciding the dispute outside the ordinary courts. It is constitutional, though it is a negation of the…
