Memorandum of Association and Articles of Association are the two fundamental documents essential in the process of incorporation of Company. The very First step for starting a business is giving it a legal identity by registering a company. Companies are governed by legal documents that contents internal rules and regulations for conducting affairs of the…
Application of companies act,2013 Introduction Those that collaborate to accomplish a shared objective are referred to as a “company.” There are actually many reasons why people could wish to associate. However, the term “company” as used in the Companies Act of 2013 often refers to partnerships created for commercial objectives, such as operating a business.…
(SECTION 250) OF THE COMPANIES ACT 2013 The Certificate of Incorporation issued to a company that has been declared insolvent under Section 248 shall be deemed to have been revoked as of the date specified in the notice provided pursuant to Subsection (5) of that Section, save for the purpose of realizing the amount due…
Equity share capital Equity Share Capital: What Is It? Equity share capital is the money a company raises by selling shares to the public. Risk capital is another name for equity share capital. What Qualifies As Equity Share Capital? You must now have a basic understanding of the idea of equity share capital. Let me…
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…
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.…
