The Indian society is the society of customs and traditions. In Indian society marriage is considered to be Sacred. Marriage is regarded as a connection of soul to soul not for one life but for all. One thing which is seen as sin by many people is living of a couple as husband and wife…
“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities”, Ayn Rand, Russian- American writer and philosopher said. The world consists of people belonging to different races, religions, creeds, gender etc and live together in harmony. Among the large group of individuals we share many…
Memorandum is a key document containing vital details about the company. It is the foremost important document as regards incorporation of the corporate cares. This is the foremost fundamental document of the corporate specifying the foremost important information concerning the corporate. Therefore, memorandum is additionally called because the charter of the corporate. No company can be registered without a memorandum. It is one of the main documents that are required to…
rukhmabai case:- a new era for the age of marriage Marriage is one of the oldest institutions of Hindus. It is considered one of the ten Sanskaras for them. It is the only Sanskara which has not been prohibited for any irrespective of caste and sex and has been provided as compulsory for all male…
Introduction The year 2020 has been a year of change for the whole world. The covid 19 pandemic has affected every individual on the globe and has brought remarkable changes in their lives. Because of this pandemic, many countries suddenly stopped functioning and working and the people had to stay at home for their safety.…
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…
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…
