Companies Act 2013
Section 230 Of Companies Act, 2013
Compromise and arrangement Compromise means a peaceful settlement of differences by mutual compromise by the parties in dispute. Arrangement means a modification of rights. Such readjustment of rights may be with members or class of them or creditors or class of them. It can include the reorganization of capital. Section 230 of the Companies Act […]
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Yashika Thakran
December 18, 2023 at 10:02 AM
Maintenance and inspection of documents in electronic form (Sec 120)
Maintenance and inspection of documents in electronic form (Sec 120) Section 120 of the Companies Act, 2013 (the Act) allows for the electronic storage of documents. The provisions also allow for the inspection of electronic documents. It states that any document, record, register, minutes, or other item required to be kept by a company or […]
Gayathri Madhu
December 18, 2023 at 10:01 AM
Section 60 Of Companies Act 2013: Publication Of Share Capital
COMPANIES ACT 2013: SECTION 60 – PUBLICATION OF SHARE CAPITAL Section 60 of Companies Act 2013 provides for compulsory publication of subscribed as well as paid-up capital in the company’s financial statements and other key documents, which mentions the authorised capital . If default is made, the company shall be punishable with penalty which may […]
Amrit P Mishra
December 18, 2023 at 08:30 AM
Section 451- Punishment in Case of Repeated Default
Section 451 of the Companies Act, 2013 talks about repeated defaults by the company or any officer of the company. As per the said section, if any company or any of its officers commits any crime and is punishable with fine or imprisonment or both and where that company or officer, as the case may […]
Harshit Jain
December 18, 2023 at 08:16 AM
Section 221 – Freezing of assets of company on inquiry and investigation.
Freezing of assets of a company on inquiry and investigation defined under Section 221 and 222 of the Indian Companies Act 2013. Mismanagement and scam are quite common in companies. Picking these loopholes isn’t easy for the authority. Thanks to sections 222 and 221, which has been proved quite effective in averting these anomalies. Important […]
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Arpita Maharana
December 18, 2023 at 08:11 AM
SECTION 241 APPLICATION TO TRIBUNAL FOR RELIEF IN CASES OF OPPRESSION, ETC.
01. Any employee who raises a grievance against (Refer to the 2016 National Company Law Tribunal Rules, Rules 81 and 82.) 02. The Central Government may submit its application to the Tribunal for an order under this Chapter if it believes that the company’s business practices are contrary to the public interest (Refer to Rule […]
Akshat Srivastava
December 18, 2023 at 08:09 AM
Powers And Duties Of Company Liquidator (Section 283 & 290)
Chapter XX of the Companies Act, 2013 deals with the Winding-up of the company which is the process of ending a company’s life and administering its assets for the benefit of its members and creditors is known as winding up. An administrator, known as a liquidator, is appointed to take control of the company, collect […]
Akshat Srivastava
December 18, 2023 at 08:08 AM
Section 29 Of Companies Act 2013: Advantage And Process Of Dematerialization Of Securities
“Securities” are those defined in Section 2 clause (h) of the Securities Contracts (Regulation) Act, 1956. (42 of 1956). Shares, scrips, stocks, bonds, debentures, debenture stock, or other marketable securities of a like type in or of any incorporated corporation or other body corporate are defined as “securities.” Physical certificates of securities are changed into […]
Divyanshita Singh
December 18, 2023 at 08:03 AM
Section 366 of Companies Act, 2013: Entities capable of being registered under the Companies act
Chapter XXI of the 2013 Companies Act, which addresses companies authorised to register under this act and establishes the provisions for companies capable of being registered, contains Section 366. The process and conditions for registering a company, as broadly defined in this section, under this part are laid out in this section and the corresponding […]
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Harmehak Kaur Anand
December 18, 2023 at 08:00 AM
Section 149 Of Companies Act 2013: Appointment Of Board Of Directors
A board of directors (BoD) is a group of elected individuals who manage the organization and represent the shareholders. A. Minimum and Maximum number of Directors A company must have a minimum number of directors in BoD as per their class: Every company may appoint a maximum of 15 directors and can exceed this limit […]
Harmehak Kaur Anand
December 18, 2023 at 07:57 AM