• 06 September, 2025
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Company Act 23 articles

ALL YOU NEED TO KNOW ABOUT GST (GOODS AND SERVICES TAX)

INTRODUCTION Goods and Services Tax (GST) is a comprehensive indirect tax system that was introduced in India on July 1, 2017, replacing a complex web of previous taxes. GST is designed to streamli...

  • 14 Sep, 2023

  • Company Act

Memorandum of Association and its Clauses under Company Law

Introduction A company is formed when a number of people come together for achieving a specific purpose. This purpose is usually commercial in nature. Companies are generally formed to earn pro...

  • 07 May, 2023

  • Company Act

Doctrine of Ultra Vires and Consequences under Company Law

INTRODUCTION Doctrine of Ultra Vires says that those then are the reasons which explain the necessity of an object clause. The same reasons require that the company should devote itself only to...

  • 07 May, 2023

  • Company Act

Directors under Company Law vis a vis Position and Power

A corporation is an artificial being, invisible, intangible and existing only in contemplation of law." "It has neither a mind nor a body of its own. "A living person has a mind which...

  • 07 May, 2023

  • Company Act

Corporate personality under Company Law

Corporate personality is the fact stated by the law that a company is recognized as a legal entity distinct from its member. A company with such personality is an independent leg...

  • 07 May, 2023

  • Company Act

Doctrine of Lifting the corporate veil

The chief advantage of incorporation from which all others follow is the separate legal entity of the company. In reality, however, the business of the legal person is always carried on by, and for ...

  • 07 May, 2023

  • Company Act

Calls on Shares under Company Act 2013

The liability of a shareholder to pay the full value of the shares held by him is enforced by making "calls" for payment. Every shareholder is under a statutory liability to pay the full a...

  • 07 May, 2023

  • Company Act

Kinds of Shares capital under Company Law

Shares are defined under Section 2(84) of the Companies Act, 2013, as share in the share capital of a company and includes stocks. Shares are issued by companies to raise capital from investors. Thi...

  • 07 May, 2023

  • Company Act

Statutory provisions for allotment of shares

Allotment of shares means the company allots shares to the general public. It is the distribution of shares among the applicants. Statutory provisions of allotment of shares has been enumerated unde...

  • 07 May, 2023

  • Company Act

PROVISIONS RELATING TO SURRENDER OF SHARES

Meaning: It means return of the partly paid shares by the shareholders voluntarily to the company for cancellation of the shares for which no payment will be made by the company. It is ...

  • 07 May, 2023

  • Company Act

Meeting and its Kinds under Company Law

A meeting may be generally defined as a gathering or assembly or getting together of a number of persons for transacting any lawful business. There must be at least two persons to constitute a meeti...

  • 07 May, 2023

  • Company Act

Companies and its Kinds

Company : According to Sec. 2 (20) of The Companies Act, 2013, a “company” means a company incorporated under The Companies Act, 2013 or under any previous company law. ...

  • 07 May, 2023

  • Company Act

Forfeiture of shares under Company Act 2013

If a member, having been called upon to pay, defaults, the company may bring an action against him. But articles of association often provide that in such a case the company may proceed to forfeit h...

  • 07 May, 2023

  • Company Act

Incorporation of Company under Company Law

A company is a legal entity which is formed by a group of people to run a different kind of business, in other words, it is a voluntary association of persons formed for undertaking some big busines...

  • 07 May, 2023

  • Company Act

Majority Rule and Minority Protection and it’s Exceptions

SHAREHOLDER'S DEMOCRACY: The concept of shareholders democracy in the present-day corporate world denotes the shareholders supremacy in the governance of the business and affairs of corporate se...

  • 07 May, 2023

  • Company Act

Membership in a Company: Modes and Cessation

Members: A company is composed of members, though it has its own separate legal entity. The members of a company are the persons who, for the time being, constitute the company, as a corporate entit...

  • 07 May, 2023

  • Company Act

Oppression and Mismanagement under Company Law

Meaning of oppression. -The grounds on which an application can be made under Section 241 are: that the affairs of the company are being conducted in a manner prejudicial or oppressive to a ...

  • 07 May, 2023

  • Company Act

Pre-Incorporation and Provisional Contract under Company Law

The company is an artificial person and is capable of entering contracts in its own legal capacity. The separate legal entity feature is awarded to most of the business structures in India, under th...

  • 07 May, 2023

  • Company Act

Procedure of Meeting under Company Law

Meeting should be called by proper authority The first essential requisite of a valid meeting is that it should be called by a proper authority. Obviously the only proper authority is t...

  • 07 May, 2023

  • Company Act

Prospectus and its kinds under Company Law

Section 2(70) defines a ‘Prospectus’ to mean ‘any document described or issued as a prospectus and includes a Red Herring Prospectus referred to in Section 32 of the 2013 Act or sh...

  • 07 May, 2023

  • Company Act

Register of Members under Company Act 2013

REGISTER OF MEMBERS: Section 88 of the Companies Act, 2013 lays down: Every company shall keep and maintain the following registers namely: - Register of members indicating ...

  • 07 May, 2023

  • Company Act

Winding up of Company under Company Law

Winding-up of a company is a process of putting an end to the life of a company. It is a proceeding by means of which a company is dissolved and in the course of such dissolution its assets are coll...

  • 07 May, 2023

  • Company Act

Doctrine of Ultra Vires under Company Law

Those then are the reasons which explain the necessity of an object clause. The same reasons require that the company should devote itself only to the objects set out in the memorandum and to no oth...

  • 07 May, 2023

  • Company Act

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