INTRODUCTION A court judgment or any other legal document is only valid when it is signed by the legal fraternity, without a proper sign it will be considered invalid. The same situation arises in the corporate world, as there are so many documents that should be authorized on behalf of the company. For example- the…
INTRODUCTION Everywhere in the entire world, one has to follow certain rules and regulations. If one wants to be part of something he/she has to follow certain rules and regulations. An individual, if wanted to remain in society, has to obey the law of nature and respect nature, otherwise, this nature will destroy an individual.…
Introduction Section 40 of the Companies Act, 2013, lays down the guidelines to be followed when a company wants to raise money through a public offering. A public offering is when equity shares or other financial products, like bonds, are sold to the general public in an effort to raise money. This section lays down…
According to Section 2(84) of the Companies Act,2013, ‘share’ means a share in the share capital of a company and includes stock. NATURE OF A SHARE (a) A share is a right to a specified amount of the share capital of a company, carrying with it certain rights and liabilities while the company is a…
Sweat equity shares, as defined by section 2(88), are equity shares that a company issues to its directors or employees at a discount or for something other than cash in exchange for their expertise, or in exchange for making available rights in the form of intellectual property rights or value additions, by whatever name called.…
A company whose control lies with another company is called a subsidiary company. The company controlling the subsidiary company is called a holding company. The holding company owns a majority of the shares of the subsidiary company, and thus, exercises control as the majority shareholder or has a controlling interest in the company. Holding companies…
According to Section 16 of the Companies Act, if a company (whether on its first registration or on its registration under a new name) is registered by a name that is identical to or too nearly resembles the name of a company already in existence, rectification of the name of the company is required to be…
Introduction India is among the world’s largest consumer markets and top global economy. The fact that India is a fast-paced developing economy makes it an attractive destination for corporates all around the globe to invest and have commercial ventures in India. Hence, we see a growing number of foreign corporates have their branch office registration…
Introduction: There are certain provisions imposed for the attachment, execution in winding up by the Tribunal to be avoided. It was affected by 15-12-2016, wherein any company, if it is being wound up by the Tribunal if it is attached, distress or executed by the force, without leave of the Tribunal against the Estate or…
The Companies Act, 2013 defines a prospectus under section 2 (70) Prospectus can be defined as “any document which is described or issued as a prospectus”. This also includes any notice, circular, advertisement or any other document acting as an invitation to offers from the public. Such an invitation to offer should be for the purchase…
