Company [Section 3(1) of Companies Act, 1956] The definition of “Company” in sub-section (1)(1) of section 3 of the 1956 Act, is subject to the other definitions given in other provisions of the 1956 Act for the limited purposes stated Read more…


Qualifications and Disqualifications of Auditor of the Company The qualifications and disqualifications of auditor provided in the section are the same, be it a private limited company, a public limited company, a Government company, or a company licensed under section Read more…


Incorporation of Company under the Companies (Incorporation) Rules, 2014 Section 3 – Incorporation of company A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less Read more…


Appointment of Managing Director of the Company A managing Director is defined in Section 2 (26) of the Companies Act, 1956. It is at once clear from the definition that an appointment of managing director may be in any one Read more…


Disclosure of Interest to be made by the Directors Section 299 of the 1956 Act provided for a disclosure of interest to be made by the directors. It also provided for a general notice of interest to be directors every Read more…


Company Registration in Madurai – Securitization Companies what we are going to discussed in this article. Securitization Companies   The securitization and reconstruction of Financial Assets and Enforcement of security Interest Act, 2002 had come into effect from June 21, 2002. Read more…


Company Registration in Madurai – Foreign Direct Investment what we are going to discussed in this article. Foreign Direct Investment Government wishes to facilitate Foreign Direct Investment (FDI) and investment from Non-resident Indians (NRIs) including overseas corporate bodies (OCBs) that Read more…


Requirement as to minimum subscription Section 69 of the 1956 Act prohibits a company from making allotments pursuant to a public issue of capital unless the amount stated in the prospectus as the minimum subscription has been subscribed and the Read more…


An offer to the public An offer of shares to the company‘s shareholders cannot be termed “an offers to the public”. Sub-section(1) which states that an offer to the public shall include a reference to offering them to “any section Read more…


Section 255(1) of the Companies Act, 1956, which deals with the nomination and appointment of directors and the proportion of those who are to retire by rotation, read as under:- “Unless the articles provide for the retirement of all the Read more…

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