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Section 93 of Companies Act. Return to be filed with Registrar in case promoters ‘stake changes. “ —Every listed company shall file a return in the prescribed form with the Registrar with respect to change in the number of shares held by promoters and top ten shareholders of such company, within fifteen days of such […]
Section 35 of Companies Act. Civil liability for mis-statements in prospectus. “ (1) Where a person has subscribed for securities of a company acting on any statement included, or the inclusion or omission of any matter, in the prospectus which is misleading and has sustained any loss or damage as a consequence thereof, the company […]
Section 51 of Companies Act. Payment of dividend in promotion to amount paid-up. “-A company may, if so authorized by its articles, pay dividends in proportion to the amount paid-up on each share.” Essential Ingredients of the Section 51 of Companies Act Every Commercial organization does business for earning profit, similarly the company also does […]
Section 92 of Companies Act. Annual Return “(1) Every company shall prepare a return (hereinafter referred to as the annualreturn) in the prescribed form containing the particulars as they stood on the close of the financial year regarding—(a) its registered office, principal business activities, particulars of its holding, subsidiary and associate companies; (b)… … 6) […]
Section 91 of Companies Act. Power to close the register of members, debenture holders, or other security holders. “S91: (1) A company may close the register of members, the register of debenture holders, or the register of other security holders for any period or periods not exceeding in aggregate forty-five days in each year but […]
Section 90 of Companies Act. Register of significant beneficial owners in a company —(1) A company may close the register of members or the register of debenture-holders or the register of other security holders for any period or periods not exceeding in the aggregate forty-five days in each year, but not exceeding thirty days at […]
Section 33 of Companies Act. Issue of application forms for securities. Today the capital market is becoming more evolving for Investors! Different Regulatory Authorities are continuously trying to adapt to dynamic capital markets to protect investors and maintain a win-win situation for issuer and investors. If investors intend to apply for different types of Investment […]
Section 50 of Companies Act. Company to accept unpaid share capital, although not called up. “(1) A company may, if so authorized by its articles, accept from any member, the whole or a part of the amount remaining unpaid on any shares held by him, even if no part of that amount has been called […]
Amidst the landscape of the capital market, the issuance of securities has a key role in raising capital for companies. “The Companies Act, 2013, led to substantial reforms in the security market by introducing provisions with “the intent of guaranteeing transparency and safeguarding investor interests.” One of the Provision Section 32 of Companies Act says about […]
Section 49 of Companies Act. Calls on shares of same class to be made on uniform basis. “Where any calls for further share capital are made on the shares of a class, such calls shall be made on a uniform basis on all shares falling under that class. Explanation. — For the purposes of this […]