Companies Act 2013
Debentures In Company Law: Section 71 Of Companies Act 2013
A debenture in company law is a type of bond or other debt instrument that is unsecured by collateral. Since debentures have no collateral backing, they must rely on the creditworthiness and reputation of the issuer for support. Both corporations and governments frequently issue debentures to raise capital or funds. In layman’s term, a Debenture […]
Swagata Pramanik
December 15, 2023 at 12:51 PM
Procedure for Amalgamation of Companies (Section 237)
Amalgamation is a combination of two or more entities forming into a new entity. It is different from merger as neither of the entities involved survives as a legal entity but there is formation of an entirely new entity. Assets and liabilities of both the entities are combined into this one entity. For amalgamation, a […]
Arpita Maharana
December 15, 2023 at 12:49 PM
Section 53 of Companies Act 2013
Section 53 of Companies Act. Prohibition on issue of shares at discount. “(1) Except as provided in section 54, a company shall not issue shares at a discount. (2) Any share issued by a company at a 1[discount] shall be void. 2[(2A) Notwithstanding anything contained in sub-sections (1) and (2), a company may issue shares at […]
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Aayush Aman
December 15, 2023 at 12:45 PM
Section 23 of Companies Act 2013
Section 23 of Companies Act. Public Offer and Private Placement “Section 23 of the companies Act, 2013, Public offer and private placement.— (1) A public company may issue securities— (a) to public through prospectus (herein referred to as “public offer”) by complying with the provisions of this Part; or (b) through private placement by complying […]
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Suvarna Satpute
December 15, 2023 at 12:43 PM
Section 117 of the COMPANIES ACT,2013: RESOLUTIONS AND AGREEMENTS TO BE FILED
Understand Section 117 of the Companies Act 2013 on mandatory filing of resolutions and agreements with the ROC for corporate compliance.
Gayathri Madhu
December 15, 2023 at 12:37 PM
Extraordinary General Meeting (EGM): Section 100 Of Companies Act 2013
An Extraordinary General Meeting (EGM) is a shareholders’ meeting called outside of the company’s annual general meeting (AGM). An extraordinary general meeting is used to deal with urgent issues that come up between shareholders’ annual meetings. EGMs are often considered emergency measures such as a quick legal settlement or the removal of a senior manager. […]
Santanu Ghosh
December 15, 2023 at 12:32 PM
COMPANIES ACT, 2013: POWERS OF BOARD AND ITS RESTRICTIONS
The Governing Body of the Company is the Board of Directors, who are in charge of the day-to-day operations of the company day-to-day operations. Certain rights are granted to the Directors or the Board for the company’s business activities to run smoothly. Moreover, some restrictions are also there to function the company in an organized […]
Shubham Mishra
December 15, 2023 at 12:29 PM
Offer For Sale Of Shares In A Company: Section 28, Companies Act 2013
*28. (1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of shares to the public, they may do so in accordance with such procedure as may be […]
Swagata Pramanik
December 15, 2023 at 12:27 PM
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