Conversion of Unlimited Company into a limited liability Company

Conversion of Unlimited Company into a limited liability company by shares or guarantee Without prejudice to any other provision in the Companies Act, for effecting the conversion of an unlimited liability company with or without share capital into limited liability Company by shares or guarantee, such a company shall pass a special resolution in a general meeting and thereafter, an […]

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Issue of Sweat Equity Shares by Unlisted Companies

Introduction Companies (Share Capital and debentures) Rules, 2014 are prescribed by the Central Government under the Companies Act, 2013. Rule 8 of the said Rules provides for issue of sweat equity shares. Section 54 (1) of the Companies Act, 2013 provides that a company may issue sweat equity shares of a class of shares already issued if contain conditions specified […]

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Concept of Public Company – Company Registration in Madurai

Concept of Public Company This article corresponds to section 3(1)(iv) of the Companies Act, 1956. Public company as defined section 271) of the 2013 Act is a company which is not a private company and one which has a minimum paid-up share capital of five lakh rupees or such higher amount as may be prescribed. The provision to section 2(71) […]

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Companies Authorized to Registered Rules for Company Registration

Companies Authorized to Registered Rules, 2014 In exercise of the powers conferred by sub-section (1) of section 164, sub-section (1) of section 466, section 367, and section 374 read with sub-section (1) and sub-section (2) of section 469 of the Companies Act, 2013 (18 of 2013) and in supersession of Companies (Central Government) General Rules and Forms, 1956 prescribed under […]

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Master Direction on Issue of Commercial Paper – Company Registration

Introduction Commercial Paper is an unsecured money market instrument issued in the form of a promissory note. In order to develop the money market, CP, as a privately placed instrument, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short term borrowings and to provide an additional instrument to […]

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Rectification of Register of Public Companies – Company Registration in Madurai

Rectification of register of public companies  Here, we are going to discuss about the rectification of register of public companies.  Public company is a one of the types of Companies. A company, which is allowed to sell its registered shares to the general public called Public Company. Public companies securities (equity and debt) are owned and traded by the general […]

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