Companies Act 2013
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
Commencement Of Business Companies act 2013 (Section 10a)
Section 10A of the Companies(Amendment) Act 2013, the Companies Act, Certificate of Incorporation, Erstwhile Companies Act 1956 A company having a share capital shall not commence any business or exercise any borrowing power unless – (a) A director files a declaration with the Registrar in such form and in such manner as may be prescribed, […]
#Commencement of Business#Companies Act#companies act 2013#Section 10a
Tanish Karuia
December 15, 2023 at 11:24 AM
Section 78 of Income Tax Act,1961: Carry forward and set off of losses in case of change in constitution
The Income Tax Law does acknowledge the necessity of offsetting a loss from one year against income from another year before determining the assessor’s “total income,” on which tax is due. However, subject to meeting certain requirements and restrictions as laid down in the Act, such losses are permitted to be carried forward and set […]
Blog Intern
December 15, 2023 at 11:23 AM
Section 74 & 75 Of Companies Act 2013
THE COMPANIES ACT 2013: SECTION 74 & SECTION 75 Preface: In this article we are going to build understanding about Section 74 i.e. Repayment of Deposits and Section 75 i.e. Damages for Fraud. While section 74 of the Companies Act 2013 deals with the repayment of deposits accepted by a company before the commencement of […]
Vaswani Nishtha
December 15, 2023 at 10:57 AM
Section 430 of the Companies Act, 2013: Civil Court Not to Have Jurisdiction
According to Section 430 of the Act, No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law currently in force. No injunction shall be granted by any court […]
Shree Dashukla
December 15, 2023 at 10:54 AM
Registration of Charges, etc. Under Companies Act, 2013
Section 77 – Duty to Register Charges Registration of charges under the Companies Act has a broad concept. It is important to understand the definition of charges under the act to know the same. Charges are defined as an interest or lien issued on the property or assets of a business or any of its […]
Tanish Karuia
December 15, 2023 at 10:48 AM
Section 272 Of Companies Act 2013: Petition For Winding Up
Winding up is a method to put a company to an end. It is a process where the life of a company comes to an end and its property is administered for the benefit of its creditors and its members. The winding-up of a company differs from the insolvency of an individual. According to section […]
Santanu Ghosh
December 15, 2023 at 10:46 AM
Winding Up Of Unregistered Company Under Section 375 of the Companies Act 2013
Winding up is a process of putting an end to the life of a company. It is a proceeding by means of which a company is dissolved and in the course of such a dissolution its assets are collected. Its debts are paid off out of the assets of company or from the contributions of […]
Shalini Koppula
December 15, 2023 at 10:43 AM