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…


Companies Act, 1956: Section 591(1) Section 591(1) of the 1956 Companies Act is not identified as a corresponding section by GC and  by a strict contribution of the circular, section 591 can be considered as still in force, at the 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…


Consult the Articles of Association of your company to see whether any authorize the Board of Directors to appoint additional directors [Section 161(1) of the 2013 Act (corresponding to Section 260 of the 1956 Act)]; If not, complete proceedings to Read more…


Do you wish to takeover a listed company  If you are a listed company and the person taking over the company is already holding 25% of the voting rights in respect of shares to be acquired, and, the acquirer is Read more…


Do you wish to lend the funds of your company or to make investments in shares of other companies?     If your company, whether a private or a public company proposes to grant loans or give any guarantee provide Read more…


One Person Company(OPC) With increasing the use of information technology and computers, emergence of the service sector, it is time that the entrepreneurial capabilities of the people are given an outlet for participation in economic activity. Such economic activity may Read more…

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