Corporate law areas
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- If any default is made in complying with the requirements of this section, the company shall be liable to a penalty which may extend to five thousand rupees and every officer who is in default shall be punishable with fine which may extend to one thousand rupees for every day during which the default continues
Types of company law
Name of a company shall not be identical: [Section 4(2)(a)]: The name of a company shall not be identical with or too nearly resemble with the name of any other company registered either under the Companies Act 2013 or under any previous company law..
What is Chapter 14 of the company law?
Chapter XIV contains Sections 206 to 229 of the Companies Act, 2013, deals with the provisions relating to Inspection, Inquiry and Investigation of the affairs of company.
Investigation within the meaning of the relevant provisions of the Act is a form of probe; a deeper probe; into the affairs of a company..
What is Section 14 1 of the Companies Act 2013?
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- For effecting the conversion of a private company into a public company or vice versa, the application shall be filed in Form No.
INC. 27 with fee. (.- A copy of order of the competent authority approving the alteration, shall be filed with the Registrar in Form No
What is Section 149 of the Companies Act?
Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company.
A company can appoint maximum 15 fifteen directors..
What is Section 158 of the companies Act?
Every person or company , while furnishing any return, information or particulars as are required to be furnished under this Act, shall mention the Director Identification Number in such return, information or particulars in case such return, information or particulars relate to the director or contain any reference of .
What is Section 185 and 186?
Section 185:- This primarily deals with the subject of person to whom company cannot give loan.
Section 186:- This section enlists the exceptions and specifies the limits up to which a company can give loan..
What is Section 30 of the Companies Act 2013?
Where an advertisement of any prospectus of a company is published in any manner, it shall be necessary to specify therein the contents of its memorandum as regards the objects, the liability of members and the amount of share capital of the company, and the names of the signatories to the memorandum and the number of .
What is Section 32 of the companies Act?
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- A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus
. (.- A company proposing to issue a red herring prospectus under sub-section (1) shall file it with the Registrar at least three days prior to the opening of the subscription list and the offer
What is Section 4 of Companies Act 2013?
Name of a company shall not be identical: [Section 4(2)(a)]: The name of a company shall not be identical with or too nearly resemble with the name of any other company registered either under the Companies Act 2013 or under any previous company law..
- Any objection to the proposed compromise or arrangement can only be made by persons who hold at least 10% of the shares or by persons who have an outstanding debt of at least 5% of the total debt that is outstanding as per the latest audited financial statement.
