Introduction: The concept of One-Person Company was first recommended by the specialized Committee of Dr. Jamshed J. Irani. It consisted of 13 members and 6 invitees from various fields having specialized knowledge. It classified companies based on the number of members into One-Person Company, Private Company, and Public Company. Considering Read more…
Introduction: A company’s affairs are frequently decided in the best interests of the majority shareholders. Certain choices about the administration of a firm must be made on a daily basis, and these decisions are usually made by the majority of the members. There may be times when the interests of Read more…
Introduction: A director holds a crucial part of the company and must always act in the company’s best interests. He should not take advantage of his position as the company’s “director.” He should not benefit in any way that isn’t open to the public. Certain tasks have been assigned to Read more…
Introduction: A company is the amalgamation of a group of people who are working for a particular objective. A company is legally registered under the Companies Act, 2013. As per the company act, it means a company that is incorporated under the Companies Act, 2013 or under any previous company Read more…
Introduction: There have been many amendments regarding the companies act of 2013. The latest being the addition of the financial statement in schedule III with new clauses, as of 24 March 2021.[1] My focus and highlight for this particular article will be on Section 194 of the Companies Act of 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: Preference shares, also known as preferred stock, are shares of a company’s stock that pay dividends to stockholders before common stock payments are paid out. Preferential share capital is the company’s share capital that carries or would carry a preferential right concerning payment of dividend, repayment in case of Read more…
Introduction: The “Articles of Association” of a company are the bylaws, rules, and regulations that aid to control the management of the company’s internal affairs as well as conducting the company’s business.[1]. They refer to a company’s articles of organisation, which were originally framed or changed from time to time Read more…
Introduction: A prospectus is defined under Section 2(70) of the Companies Act, 2013 as a document that includes a red-herring prospectus or shelf-prospectus, supplied to invite offers for purchase or subscription of shares or debentures or other instruments of a public listed company or a previously private company which is Read more…
Introduction: The Companies Act of 2013 is an Act of the Indian Parliament that governs the establishment, formation, and operation of companies in India. The Indian Companies Act of 1956 has been replaced with the Companies Act of 2013. On August 29, 2013, the President of India gave his approval Read more…
Introduction: SEBI is a statutory legal body of the Indian Government that was set up on the twelfth of April in 1992. It was acquainted with advanced straightforwardness in the Indian speculation market. Other than its base camp in Mumbai, the foundation has a few local workplaces in the nation Read more…
Introduction: Shares may be defined as units of ownership representing an equal proportion of a company’s capital. In nature, they are like any other goods. They can also be described as indivisible units of a pre-determined amount, of the capital of a company. The holder of a share is entitled Read more…