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Section 28 of Companies Act. Offer of sale of shares by certain members of the company. Scope Section 28 of the Companies Act, 2013 has laid down the procedure for an “offer of sale” by the existing member of the company in consultation with the Board of Directors to offer all or part of their […]
Section 73 of Companies Act. Prohibition on acceptance of deposits from Public The Companies Act, 2016 under Chapter – V provides for Acceptance of Deposits by Companies. Under Chapter V the Act provides for the provisions where a company is prohibited and on what grounds a company is provided prohibitions on accepatance of deposits from […]
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 […]
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 […]
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 […]
Filing of Financial Statements 1) Adopted Financial Statements A copy of the financial statements that are duly adopted at the Annual General Meeting (AGM) of the company has to be filed with the Registrar of Companies (ROC) within 30 days in such manner, with such fees or additional fees as may be prescribed within the […]
Meaning of a Prospectus – The prospectus is an official document issued by a public company to invite general offers for subscribing to its shares. It contains all of the vital information about the shares that a company sells to the public. Furthermore, it is frequently used to assist investors in making financial selections. What […]
What is a Notice of Meeting? The notice means a written invitation to the persons concerned to attend the meeting. A Notice of the meeting is a letter informing members or directors of a company of an upcoming meeting. Preparing and giving notice is an essential requirement for a valid meeting. If the officer fails […]
In this article, we are going to explore the concept of Bonus Shares and Section 63 of the Companies Act 2013, In which they are being dealt with. Before understanding the concept of Bonus Shares, Let’s recall about Shares, A ‘Share’ is a part/share in a company’s capital. Or In other words, A share is […]
Introduction This article discusses the offences by Officers of Companies in Liquidation and the discipline set down under Section 336 of the Companies Act, 2013. This section ensures that the liquidation pattern of the association moves along true to form, and the directors don’t forestall the cycle in that frame of mind by committing offences […]