Introduction: Company Law provides for notification to the Registrar of Companies of the appointment of a statutory auditor at the Annual General Meeting by shareholders. This is an annual intimation that was present in the previous Companies Act, 1956, and is still present in the current Act. [1]However, the regulators Read more…
Introduction: Every year on June 26th, the International Day Against Drug Misuse and Illicit Trafficking is commemorated with the goal of raising awareness about the problem of drug abuse and addiction, as well as its consequences, among individuals and communities. Individuals, communities, and a variety of organizations hope to use Read more…
Introduction: One Person Company in India to help entrepreneurs who can start a business on their own by allowing them to form a one person economic entity. One of the most significant benefits of a One Person Company (OPC) is that it can only have one member, whereas a Private Read more…
Introduction: India has a long history of companies in our country. Profits made by non-profit organisations are used to improve and grow society. Furthermore, under Section 8(4)(ii) of the Companies Act, 2013, a Section 8 company can be converted into any other type of company. The Companies (Incorporation) Rules, 2014 Read more…
Introduction: The company’s charter outlines the scope of its activities, which is defined by the memorandum of association. The Memorandum of Association outlines the company’s relationship with the members’ rights and interests as well as the company’s relationship with the members. Any company that wishes to change its Memorandum and Read more…
Introduction: The ability to transfer a company’s shares is a significant feature. Shares and debentures are both examples of movable property. They are transferable in accordance with the business’s articles, particularly the shares of any member of a public corporation. Any contract or arrangement between two or more people can Read more…
Introduction: The company is a legal entity that requires a natural person to manage, control, direct, and monitor its operations. The board of directors of a Private Limited company can appoint or elect one or more directors to carry out and determine the companies’ policies. An individual who supervises, controls, Read more…
Introduction: An Agreement is a promise between two entities creating mutual obligations by law. Section 2(e) of the Indian Contract Act, 1872 defines an agreement as ‘Every promise and every set of promises, forming the consideration for each other, is an agreement.[1] To form an agreement, the following ingredients are Read more…