Frequently Searched:
Section 61 of the Companies Act 2013 states ways of alteration of the share capital in a company that is limited by shares and provides guidelines on how to fetch it in the company’s MOA and AOA. While Section 64 states the Procedure for altering the capital of a company. Under Section 61 of the […]
Section 216 of the Companies Act 2013 is a part of Chapter XIV which deals with Inspection, Inquiry, and Investigation. Section 216 provides for the investigation of the ownership of the company by the Central Government. Member is any person who is a subscriber to the memorandum of the company or a person who has […]
Vacation of Office of Director This section applies to both private and public companies. The office of a director is considered vacant in the following cases: a) If the Director is Disqualified: If the director of a company is disqualified as per section 164 of the Companies Act 2013, then he would have to vacate […]
A depository receipt is an instrument that is denominated in a foreign currency. It is issued by a foreign depository to a domestic administrator and is listed on an international exchange. A Global Depository Receipt (‘GDR’) is an instrument in the form of a depository receipt generated by a foreign depository outside India and authorized […]
“Section 25 of Companies Act-Document containing offer of securities for sale to be deemed prospectus. (1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered for sale to the public, any document by which the offer for sale to […]
In general, a liquidator is an individual who is appointed to handle the liquidation process of a company when it is about to be wound up, either by force or voluntarily. The liquidator’s job is to realize the company’s assets, which must be adjusted against creditors, debenture holders, and other liabilities before the company finally ceases […]
When a company goes into administration or is liquidated, the directors’ actions leading up to the insolvency will be reviewed to see if they did anything incorrect or illegal. Preferential payments are one form of transaction that is being scrutinized in this circumstance. The liquidator has to maximize return for all creditors during the liquidation […]
Both the Sections of the Act, whether section 97 or section 98, deal with the provisions under which a tribunal can call Meetings. Specifically, Section 97 states the power of the tribunal to call an Annual General Meeting in case of any default is made; on the other hand, Section 98 states the power of […]
Nowadays calculations for CSR and Managerial Remunerations hold high importance in the corporate world. Section 198 lays down the manner of calculation of the Net Profit of a company in any financial year for both CSR and Managerial Remuneration. Company secretaries must assist in these calculations and ease the understanding of the section to the […]