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*28. (1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of shares to the public, they may do so in accordance with such procedure as may be […]
Section 27 of Companies Act 2013. Variation in terms of contract or objects in prospectus. (1) A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subject to the approval of, or except subject to an authority given […]
Section 16 of the Companies Act, 2013 talks about the Rectification of the name of a Company. If, through inadvertence or otherwise, a company on its first registration or on its registration by a new name, is registered by a name which, — (a) in the opinion of the Central Government, is identical with or […]
A prospectus of a company under Company Law is a document issued by the company inviting the public and investors to subscribe to its securities. A prospectus also helps in informing the investors about the risk of investing in the company. The Prospectus is required to be issued only after the company incorporation. These documents […]
Have you ever wondered what it takes for a private company to step into the public spotlight? In India, businesses don’t just grow; they evolve. This is where Section 18 of the Companies Act 2013 comes into being. It lays out the legal path for entrepreneurs who have completed a Pvt Ltd company registration to […]
Vacation of Office of Director This section applies to both private and public companies. The office of a director is considered vacant in the following cases: a) If the Director is Disqualified: If the director of a company is disqualified as per section 164 of the Companies Act 2013, then he would have to vacate […]
A depository receipt is an instrument that is denominated in a foreign currency. It is issued by a foreign depository to a domestic administrator and is listed on an international exchange. A Global Depository Receipt (‘GDR’) is an instrument in the form of a depository receipt generated by a foreign depository outside India and authorized […]