Companies Act 2013
Section 65 Of Companies Act 2013: Reserve Capital
Amended and updated notes on section 65 of Companies Act 2013. Unlimited Company to provide for reserve share capital on conversion into a limited company. SECTION 65 of the Companies Act 2013 states provisions related to Reserve Capital which a company with share capital should retain to meet the liquidation prerequisites . What is Reserve […]
Shubham Mishra
December 15, 2023 at 12:24 PM
Section 58 Of Companies Act 2013: Refusal Of Registration & Appeal Against Refusal
Refusal of registration and appeal against refusal. Section 58 of Companies Act 2013 (1) If a private company limited by shares refuses, whether in pursuance of any power of the company under its articles or otherwise, to register the transfer of, or the transmission by operation of law of the right to, any securities or […]
Swagata Pramanik
December 15, 2023 at 12:22 PM
Section 128 Of The Companies Act 2013: Maintenance of Books of Accounts
Section 128 of the Companies Act 2013 states that, (1) Every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial statement for every financial year which give a true and fair view of the state of the affairs of the company, including that of […]
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Tanish Karuia
December 15, 2023 at 12:11 PM
Section 433 of the Companies Act, 2013 – Limitation
Section 433 of the Companies Act, 2013 provides that the Limitation Act, 1963 will apply to proceedings or appeals before the tribunal or the Appellate Tribunal. Let’s now briefly understand the object of the Limitation Act of 1963. The law of limitation provides a time restriction for enforcing a right in a court of law. […]
Gayathri Madhu
December 15, 2023 at 12:03 PM
Section 144 of Companies Act 2013: Auditor Not to Render Certain Services
Section 144 of the Companies Act 2013 [Auditor not to render certain services] As per Provisions of Section- 144 of the Companies Act, 2013, an auditor appointed under the Companies Act, 2013 shall provide to the company only such other services as are approved by the Board of Directors or the audit committee. Accordingly, a […]
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Aesha Gandhi
December 15, 2023 at 11:47 AM
Section 447 of the Companies Act, 2013: Punishment for Fraud
This section is covered under Chapter XXIX of the Companies Act, 2013. Under this article without prejudice to any liability under this Act or any other law currently in force, any person found guilty of fraud involving an amount of at least ten lakh rupees or one percent of the company’s turnover, whichever is lower […]
Aryan Mohanty
December 15, 2023 at 11:46 AM
Section 48 of Companies Act 2013
Section 48 of Companies Act. Variation of shareholders’ rights. “(1) Where a share capital of the company is divided into different classes of shares, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that […]
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Aayush Aman
December 15, 2023 at 11:42 AM
Section 34 Of Companies Act 2013: Misstatements In Prospectus
Where a prospectus, issued, circulated, or distributed under this Chapter, includes any statement which isection-34-of-companies-act-2013-criminal-liability-for-misstatements-in-prospectuss untrue or misleading in form or context in which it is incorporated or where any inclusion or omission of any matter is likely to mislead, every person who authorizes the issue of such Prospectus shall be liable under section 447: […]
Amrit P Mishra
December 15, 2023 at 11:34 AM
Section 62 Of Companies Act 2013: Further Issue Of Share Capital
Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered— (a) to persons who, at the date of the offer, are holders of equity shares of the company in proportion, as nearly as circumstances admit, to the paid-up […]
Tanish Karuia
December 15, 2023 at 11:33 AM
Transfer and Transmission Of Shares – Section 56 Of Companies Act 2013
Transfer of shares means the voluntary handing over of the rights and possibly, the duties of a member (as represented in a share of the company) from a shareholder who wishes to not be a member in the company any more to a person who wishes of becoming a member. Thus, shares in a company […]
Shruti Srivastava
December 15, 2023 at 11:30 AM