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Section 30 of Companies Act. Advertisement of prospectus. “Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as 39 regards the objects, the liability of members, and the amount of share capital of the company, and the names […]
Section 47 of Companies Act 2013. Voting Rights “(1) Subject to the 1[provisions of section 43, sub-section (2) of section 50 and sun-section (1) of section 188], — (a) every member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution placed before the […]
Section 88 of Companies Act 2013. Register of Member. “(1) Every company shall keep and maintain the following registers in such form and in such manner as may be prescribed, namely: — (a) register of members indicating separately for each class of equity and preference shares held by each member residing in or outside India; […]
Section 29 of Companies Act. Public offer securities, dematerialized form, public offer security to be in dematerialized form In India, we all witness a remarkable transformation in the security market and securities issuance. We also have seen the dematerialization of securities from physical to electronic form through secure online process. Dematerialization was adopted to reduce […]
Section 46 of Companies Act. Certificate of shares “(1) A certificate, 1 [issued under the common seal, if any, of the company or signed by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary], specifying the shares held by any person, shall be prima facie evidence […]
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 […]