Corporate Law Articles
Independent Directors-Are they really Independent?
INDEPENDENT DIRECTORS – ARE THEY REALLY INDEPENDENT? The topic is vey interesting in the present scenario wherein clause 49 of the listing agreement is under scrutiny due to satyam fiasco and other corporate frauds of such magnitude coming into
Non-compliance of provisions - Opression and Mismanagement
Whether mere non-compliance of the provisions be construed as “Oppression” and “Mismanagement” under Company Law? It is known that section 397/398 of the Companies Act, 1956 enables the members to question the “o
SEBI (DIP) guidelines For public issue
Public Issue Requirements Entry Norms: Entry norms are different routes available to an issuer for accessing the capital market. I) An unlisted issuer making a public issue of equity shares or any security convertible at a later date into equity i.e
Understanding the Section 297 of the Company Act
Let Us understand the Market Price Concept of Section 297 of the company Act.: Section 297: BOARD'S SANCTION TO BE REQUIRED FOR CERTAIN CONTRACTS IN WHICH PARTICULAR DIRECTORS ARE INTERESTED. (1) Except with the consent of the Board of directors of
Right Issue Option U/S 81 of the Companies Act
It is well known that, the Right Issue option i not avilable to the Private Company. Let us understand the logic behind that. The Roots of Right Issue came from the ancient tradition: In Earlier times Businessmen reward to their Customers for their L
Understanding Section 265
Understanding the Section 265 of the company act in the practical manner:First of all, we check that what the section 265 says:Section 265 : Option to company to adopt proportional representation for the appointment of directors Notwithstanding any
Super Secretarial Checklist under Companies Act, 1956
Super Secretarial Checklist under Companies Act, 1956 Sr. No. Relevant Section of Companies Act, 1956 Provision/Requirement 1.
FAQs on eStamp
FAQs on eStamp 1. Please specify the services for which Stamp Duty can be paid through MCA21 system?Stamp Duty payable on Filing of e-form 1 (including MOA & AOA), 5 and 44 can be paid through MCA21 system. 2. Am I required to fill the details o
Nature of remedy under section 397/398 - Company Law
The Companies Act, 1956 governs the incorporation, management and winding-up of any company in India. There will be differences among members or between groups in private companies and closely held public companies very often. One group may
Formalities for starting a New Business
Formalities for starting a New Business with Existing Business [Section-149(2A)] As per Section 13 of the Companies Act, 1956 the Object Clause of a company shall be divided into three categories:— 1. (i) main objects; (ii) objects incide
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