Candidate Number: – 03 Pragy Jain, 24, Advocate based out of Delhi What are your official working hours and How many hours do you work? I did not have fixed working hours as I practice under an independent attorney. How much me time do you get in a day? What do you do in your…
CLASSIFICATION OF COMPANIES ON THE BASIS OF LIABILITY LIMITED BY SHARE [Sec. 2(22)]: A company that has the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them is termed as a company limited by shares. The liability are often enforced during existence of the corporate also as…
Under the Company Law, a Company may be classified as under, based on the Members. PRIVATE COMPANY [Sec. 2(68)] The articles of a personal company must contain the subsequent three restrictions:A) The right to transfer the shares shall be restricted.The articles of a private company must provide restrictions on transferability of shares. However, the articles cannot impose prohibition on…
Marriage @25, 2 children before 30, Careeer, if you are lucky to get a supportive husband, then it will happen. The biological clock is ticking, why haven’t you thought about adopting a child atleast, when will you enjoy the pleasures of parenthood. These are some common stereotypes that are existing in our society, even today.…
One of the new concepts that have been added by the Companies Act, 2013 is “key managerial persons”. Section 2(51) of the Companies Act, 2013. The said Section states as under:“Key managerial personnel”, in reference to a corporation , means— (I) The Chief military officer or the director or the manager; (ii) The company secretary; (iii) The whole-time director; (iv) The Chief…
PROVISIONS REGARDING KMP (Part II)A KMP is included within the meaning of “Officer in Default” under the Act.Details regarding KMP, changes therein and therefore the remuneration paid to them are required to be disclosed within the Annual Return of the corporate . Company is required to take care of a register of the KMPs at its registered office containing particulars which shall…
VOTING IN COMPANY LAW A member can participate in the decision making process of the company by voting at the meetings. Such a right to vote can only be restricted by the articles of a company, where it stipulates that the shares in respect of which any call money or sums remains due or shares…
A meeting could be generally defined as a gathering or assembly or getting together of variety of persons for transacting any lawful business. There must be atleast two persons to constitute a meeting. When a company defaults in holding an annual general meeting as required, the Tribunal has the power to call such meeting upon receipt of an application…
Social media, its utilization and fame today In our current reality where there is a consistent need to improve correspondence and associate with individuals, it is just inescapable for people to discover methods for facilitating the cycle. The way that man is a social being who doesn’t exist in segregation illuminates the significance of Communication…
Due to the development of the nation, the number of corporations also increased and this conflicts between them. So, in order to bring this situation under control the court took a reasonable approach and lifted the corporate veil. It is not possible to enlist each case in which this principle has been used but some…
