Solubilis – Company Registration in Madurai
Act for Acts
Companies Act, 1956: Section 63 Section 63 of the 1956 Act provides for criminal liability for mis-statement, which was fine of Rs. 50,000/ or imprisonment of up to two years or both. The penalty was enhanced from Rs.5000 to Rs.50, 000/ vides the Companies (Amendment) Act, 2000. The Companies (Amendment) Act, 2000 also empowered SEBI to administer the provisions of […]
Continue reading »Powers of the chairman : conduct, validity and adjournment of meetings The extent to which the chairman of a meeting can lawfully adjourn the meeting is a question of very strategic importance in the conduct of meetings. The law on this point is a mixture of two currents according to one of which a meeting cannot be adjourned without its […]
Continue reading »Section 149 of Companies Act, 1956 As section 11 of the 2013 Act corresponds to s. 149 of the 1956 Act with a few modifications in commencement of business therefore the analysis and case law set out below on section 149 of the relevant in interpreting the provisions under section 11 of the 2013 Act to the extent that it […]
Continue reading »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 year. The duty to disclose interest of directors applied to the entire private companies as well as public companies. It […]
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