Share is the interest of the member in the company, it represents ownership in the company. When an individual buys the share of any company, they become one of its owners known as shareholders choose who run a company and are involved in making key decisions. As per Companies Act 2013 section 2 (84) defines…
The ability of a corporation to buy its own securities is covered in Section 68 of the Companies Act of 2013 and the Companies (Share Capital and Debentures) Rules, 2014. Buyback sources include: The proceeds of a previous issue of the same kind of shares or other specified securities may not be used to purchase…
Rights that the Shareholders enjoy- Dissenting shareholders are granted certain rights under Section 48(2) of the Companies Act, 2013. Section 48(2) states that in the event that the rights of any class of shares are modified, the holders of not less than 10% of the issued shares of that class, who are individuals who did…
A red-herring prospectus is a document distributed by a company planning to sell shares for the first time that contains information about the company but not the price of the shares or other pertinent information. It is distributed to those who might be considering purchasing shares. A corporation will often release a red herring prospectus…
Why does a successful firm need a board of directors? I believe there are several reasons why business leaders should think about creating a board of directors, even if they are not required to do so, based on my own experience as the founder of Advanced Care Partners (ACP). 1.Expertise in Strategy: After I sold the…
INTRODUCTION Every company is limited by shares must have a share capital. Share Capital of a company refers to the amount invested in the company for it to carry out its operations. The share capital may be altered or increased, subject to certain conditions. A company’s share capital may be divided into small shares of…
The property transmitted as a gift is governed under the Indian Transfer of Property Act, 1882. A gift of property includes the execution of a gift deed to transfer ownership of one party’s property to another party. The gift deed is a legal document used to give away immovable or mobile property that has been…
INTRODUCTION Every person comes into this world with some duties and responsibilities to perform, no one can live in this world without performing duties and responsibilities. Duties and responsibilities are an essential part of life. The same situation takes place in the corporate world. The directors are fundamentally fiduciary agents who are hired by the…
Introduction With the increasing magnitude of the company’s business and the commercial activities, there had also been an increase in the diversities of the people who deal with them. Occasions of clashes and conflicts frequently arise which needs to be resolved amicably. And to resolve such conflicts the companies generally have to resort to arbitration…
Introduction No company shall directly or indirectly purchase its own shares or other specified securities— through any subsidiary company including its own subsidiary companies; through any investment company or group of investment companies; & if a default, is made by the company, in the repayment of deposits accepted either before or after the commencement of…
