Section 38 Of Companies Act 2013: Punishment For Personation For Acquisition Of Securities

Section 38 Of Companies Act 2013: Punishment For Personation For Acquisition Of Securities

For Preface: Section 38 of the Companies act establishes standards or parameters of penalties for using and allotting the shares in Fictitious Name it says – A person shall be liable to punishment under section 447 if he : These provisions shall be prominently reported in every prospectus issued by the company and in every […]

Shruti Srivastava

December 19, 2023 at 06:37 AM

Section 36 & Section 37 Of The Companies Act 2013

Section 36 & Section 37 Of The Companies Act 2013

Section 36 of the Companies Act 2013 [Punishment for fraudulently inducing persons to invest money – Indian Companies Act 2013] Section 36 of the Indian Companies Act 2013 states that any person responsible for fraudulently inducing anyone to invest money is punishable under section 447 of the Act. A provision in the Companies Act 2013 […]

Swagata Pramanik

December 19, 2023 at 06:35 AM

Section 35 – Civil Liability for Misstatement in Prospectus

Section 35 – Civil Liability for Misstatement in Prospectus

Section 35 civil liability for misstatement in prospectus where a person has subscribed for securities of a company acting on any statement Section 35. Civil liability for misstatements in prospectus. FAQ’s

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Shalini Koppula

December 19, 2023 at 06:15 AM

Abridged Prospectus: Section 33 Of Companies Act 2013

Abridged Prospectus: Section 33 Of Companies Act 2013

As per Section 33 of the Indian Companies Act, 2013 no form of application for the purchase of any of the company’s securities shall be issued unless an abridged prospectus accompanies such condition, a provision in the Companies Act 2013 related to issue of application forms for Securities is as under. Here you are going […]

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Harshit Jain

December 19, 2023 at 06:13 AM

What Is The Shelf Prospectus Companies Act 2013? (Section 31)

What Is The Shelf Prospectus Companies Act 2013? (Section 31)

What is a Prospectus? – The prospectus is a legal document that describes the company’s financial securities available for purchase by investors. It is a legal document that details the features, prospects, and promise of a financial product for market participants and investors to explore. It is required by law to be provided to potential […]

Shubham Mishra

December 19, 2023 at 06:11 AM

Section 10a Of Companies Act 2013: Commencement Of Business

Section 10a Of Companies Act 2013: Commencement Of Business

Section 10A of the Companies(Amendment) Act 2013, the Companies Act, Certificate of Incorporation, Erstwhile Companies Act 1956 Section 11 Commencement of business, etc. [Effective from 01-04-2014 to 29-05-2015] 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 […]

Arpita Maharana

December 19, 2023 at 05:53 AM

Section 8 of the Companies Act 2013: Incorporation Of Section 8 Company

Section 8 of the Companies Act 2013: Incorporation Of Section 8 Company

Philanthropic and social welfare activities are becoming increasingly important in today’s world. With changes in the economy, society, and traditional family support systems, there is a growing need for organizations that can promote social responsibility and benefit communities. In India, such non-profit organizations can be registered under Section 8 of the Companies Act, 2013, as: […]

#Section 8 of the Companies Act 2013: Incorporation Of Section 8 Company

Aryan Mohanty

December 19, 2023 at 05:51 AM

Section 184: Disclosure Of Interest By Director- RegisterKaro

Section 184: Disclosure Of Interest By Director- RegisterKaro

INTRODUCTION: As per Section 184 of the Companies Act 2013, deals with the Disclosure of Interest by Directors. General Disclosure and Specific Disclosure. Section 184 of the Companies Act of 2013 governs the disclosure of a director’s conflict of interest. It states that every director must disclose his concern of interest in any company or […]

Sankalp Mirani

December 18, 2023 at 10:54 AM

71A. Transitional provisions for set off of loss under the head ―Income from house property.

71A. Transitional provisions for set off of loss under the head ―Income from house property.

SET OF LOSSES To set off losses is to compare the losses to the revenue or profit for that specific year. Losses that aren’t offset against income in the current year can be carried over to the following years to be offset against income in those years. An inter-head set-off or an intra-head set-off can […]

Swagata Pramanik

December 18, 2023 at 10:52 AM

Section 73 Of Companies Act 2013: Deposits In Company Law

Section 73 Of Companies Act 2013: Deposits In Company Law

Provisions relating to deposits along with the Companies (Acceptance of deposit) Rules, 2014 are given below : As per section 2(31),’ Deposits’ includes any receipt of money by way of deposits or loan or in any other form by a company but does not include such categories of amount as may be prescribed in consultation […]

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Jain Saloni

December 18, 2023 at 10:50 AM