Companies Act 2013
Section 45 of Companies Act 2013
Section 45 of Companies Act. Numbering of shares. “Every share in a company having a share capital shall be distinguished by its distinctive number: Provided that nothing in this section shall apply to a share held by a person whose name is entered as holder of beneficial interest in such share in the records of […]
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Aayush Aman
February 06, 2024 at 08:56 AM
Section 24 of Companies Act 2013
Section 24 of Companies Act. Power of Securities and Exchange Board to regulate issue and transfer of securities. This provision empowers SEBI to regulate,“ Power of Securities and Exchange Board to regulate issue and transfer of securities, etc.— (1) The provisions contained in this Chapter, Chapter IV and in section 127 shall,— (a) in so […]
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Suvarna Satpute
February 05, 2024 at 12:59 PM
Section 43 of Companies Act 2013
Section 43 of Companies Act – Kinds of Share Capital: “The share capital of a company limited by shares shall be of two kinds, namely: — (a) equity share capital— (i) with voting rights; or (ii) with differential rights as to dividend, voting or otherwise in accordance with such rules as may be prescribed; and […]
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Aayush Aman
February 05, 2024 at 12:35 PM
Section 44 of Companies Act 2013
Section 44 of Companies Act – Nature of shares or debentures. “The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company”. An Examination of Section 44 of Companies Act 2013. The Section 44 of Companies Act 2013 emphasises […]
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Aayush Aman
February 05, 2024 at 10:11 AM
Declaration Of Dividend As Per Companies Act 2013
What is Dividend? Section 2(35) of the Companies Act, 2013 defines the word ‘Dividend’ as ‘including any interim dividend’. In easy terms, it can be defined as the portion of profits that are distributed by the Company amongst its shareholders. It can be paid to Equity shareholders as well as preference shareholders. If the dividend […]
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Rithik Khare
December 22, 2023 at 06:08 AM
NOMINATION and REMUNERATION COMMITTEE -SECTION 178
Remuneration paid to administration is frequently a point of controversy between shareholders and management because shareholders don’t get to see the company’s performance until the financial statements are presented to them at the annual general meeting, and it is at that meeting that they are supposed to review and approve the remuneration to be paid […]
#act 2013#committee#companies act 2013#Company#company law#NOMINATION#quorum#REMUNERATION#section 178
Harshit Jain
December 22, 2023 at 06:05 AM
Section 186 Of The Companies Act 2013
What is Section 186 of the Companies Act 2013? Section 186 of the Companies Act, 2013 deals with the Loans and Investments by a Company. Section 186(1) of the Act states that a Company shall invest in not more than two layers of investment companies. ‘layer’ concerning a holding company means its subsidiary or subsidiaries […]
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Akshat Srivastava
December 22, 2023 at 05:52 AM
Section 160 Of The Companies Act 2013
Right of Persons other than Retiring Director to Stand for Directorship A. Who are Eligible to Give Notice under Section 160? Any individual who is not a retiring director is eligible for appointment as a director at any General Meeting (GM) of the company. This will apply only if any directors are appointed in a […]
Aesha Gandhi
December 19, 2023 at 08:15 AM
Director Identification Number (DIN) – Sections 153 to 159
What is Director Identification Number (DIN)? Director Identification Number (DIN) is an identification number given by the central government to an individual who wishes to be appointed as a director in any company. DIN once allotted shall be valid for a lifetime. Usage of DIN
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Akshat Srivastava
December 19, 2023 at 08:10 AM
Section 141 & 145 Of Companies Act, 2013
An auditor is a person or a firm appointed by a company to execute an audit. To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Section 141 of the Companies Act 2013 [Auditor Eligibility, Qualification, and Disqualifications] Who can be appointed […]
Aryan Mohanty
December 19, 2023 at 08:04 AM