Category: Uncategorized

Issue of Global Depository Receipts  In Issue of Global Depository Receipts of the powers conferred by section 41 read with 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:- Short title and commencement These rules may be called Companies (Issue of Global Depository Receipts) Rules, 2014. They shall come into force on the 1st day of […]

Issue of Sweat Equity Shares of Unlisted Companies  In exercise of the powers conferred by proviso to Sub-section (1) of Section 79A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of Section 642 of the said Act, the Central Government hereby makes the sweat equity shares rules, namely:- Short title and commencement These regulations shall be […]

Do you wish to hold an annual general meeting? Hold the first annual general meeting within nine months from the date of closing the first financial year and if that is done, there is no necessity of holding any other annual general meeting in the year of incorporation. Thereafter hold the annual general meeting every year so that not more […]

Producer Company and Its Company registration process The Amendment Act also includes the insertion of the provisions which enables the conversion of an existing co-operative society into a company as also the incorporation of a Producer Company. This part contains specific provisions relating to incorporation, management, meetings, share capital etc. of Producer Companies Objects of Producer Company A Producer company […]

Liability of Directors Under the Companies Act, 1956, the liabilities of company directors are numerous. The directors have always to be on guard least they should incur any liability for any default or violation of any provision. Their civil and criminal liabilities may be grouped under certain heads for convenience of consideration and discussion. They are: Liability to outsiders; Liability […]

Issue of Share Certificate of the company When a company issue any capital, no certificate of any share or shares in the company shall be issued except: i) In pursuance of a resolution passed by the Board; and ii) On surrender to the company of its letter of allotment or its fractional coupons of requisite value, save in cases of […]

A name which falls within the categories mentioned following will not generally be made available. • If it is not in consonance with the principal objects of the company as set out in its Memorandum of Association. This does not necessarily mean that every name should be indicative of its objects but when there is some indication of business in […]

In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013) mentions the removal of names of companies from the register of Companies and in super session of the Companies (Central Government) General Rules and Forms, 1956 except as respects things done or omitted to be done […]

How to select the right business structure of your business Company is not just a word. It is a great thing for every entrepreneur who start their business in a small level. When you start the business, all choices are taken by yourself only. Among them, one is most important choice, which drives you in a right direction to reach […]

Undesirable Names In determining whether a proposed name is identical with another, the differences on account of the following shall be disregarded and undesirable- The words like Private, Pvt, Pvt., (P), Limited, Ltd, Ltd., LLP, Limited Liability Partnership; Words appearing at the end of the names – company, and company, co., Co, corporation, corp, corpn, Corp.; Plural version of any […]