Solubilis – Company Registration in Madurai
Act for Acts
Companies Act, 2013: Section 2(68) Section 2(68) of the 2013 Act was notified vide SO 2754 (E) and has been in effect from 12.09.2013. A clarification was issued vide General Circular no 15/2013 dated 13th September, 2013 whereby all memorandum and articles of association received by the Registrar up to 11th September, 2013, for registration of a private company, could […]
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 »Nomination 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 a managing director may be appointed in any one of five ways, namely, By virtue of a consent with the company; By virtue of a resolution passed by the company […]
Continue reading »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 and investments or give any guarantee provide security in connection with a loan to any other body corporate or person or acquire by way of […]
Continue reading »Committee of Creditors for the Registered Company The 1956 Act and SICA did not require holding of creditors meeting for determining the possibility of revival of the sick company. Therefore, there was no provision in the 1956 Act and SICA corresponding to section 257 of the 2013 Act. While 2013 Act empowers the secured creditors to initiate an action under […]
Continue reading »Company Registration in Madurai – Convening meetings of creditors and contributors of the company is what we are going to describe below in this article. A company is a separate legal entity, which is made by some association of peoples who may be natural or legal persons for commercial and industrial purposes. Basically, the company is registered and processed under […]
Continue reading »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. In exercise of the powers conferred therein, the bank has framed Guidelines and Directions to Securitization Companies and Reconstruction Companies […]
Continue reading »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 are predominantly owned by them, to complement and supplement domestic investment. Investment and returns are freely repatriable, except where the […]
Continue reading »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 money payable on application in respect of such shares constituting the minimum subscription has been received by company within 120 […]
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