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Qualifications and Disqualifications of Auditor of the Company The qualifications and disqualifications of auditor provided in the section are the same, be it a private limited company, a public limited company, a Government company, or a company licensed under section 8 incorporated for charitable purposes. The main purpose of this section is to ensure that only the qualifications person possessing […]
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 […]
Continue reading »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 of the public whether selected as members or debenture holders of the company“ is, as the sub-section itself states , […]
Continue reading »Incorporation of a company: Both sole member and nominee shall be natural persons, Indian citizens, and residents in India Only a natural person who is an Indian citizen and resident in India- Shall be eligible for incorporation 0f a one person company; Shall be a nominee for the sole member of a one-person company. The term resident India means a […]
Continue reading »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 desirous of acquiring further shares in respect of target listed company, he has to make the public announcement of a […]
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