Corporate Law Articles

Understanding "Books of Account" under Company Law

Posted by Durga Rao 23 April 2009 11358 Views

Understanding “Book of Accounts” under company law: Clause (a) to (c) of the sub-section (1) of section 209 requires every company to maintain books of accounts in respect of receipts, expenditure, sales, purchase, assets and

Acceptance of depost u/s 58A

Posted by Ankur Garg 11 April 2009 63529 Views

ACCEPTANCE OF DEPOSIT U/S 58A OF THE COMPANIES ACT, 1956 Frequently asked questions on acceptance of Deposits under Section-58A Question:1 As per section 3(1)(iii)(d) of the Companies Act, 1956 a Pvt. Limited Company is prohibited from inviting o

CLAUSES MAKE AGREEMENTS FLAWLESS

Posted by Dr. Anand Wadadekar 09 April 2009 7065 Views

CLAUSES MAKE AGREEMENTS FLAWLESSCS. Monika Bhardwaj, B.Com (Hons), ACSIn common parlance the terms ‘Agreement’ and ‘Contract’ are used as synonyms. But in legal jargon, these two terms are not the same. Agreement is a vital el

Evidentiary value of minutes under section 195 - an analysis

Posted by Durga Rao 08 April 2009 6084 Views

Section 195 of Companies Act, 1956 says that where minutes of the proceedings of any general meeting of the company or of any meeting of its Board of directors or of a committee of the Board have been kept in accordance with the provisions

NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP)

Posted by Anjali 06 April 2009 6725 Views

NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnershi

How to Incorporate a New Limited Liability Partnership

Posted by bansalAnurag 05 April 2009 6001 Views

How to Incorporate a New Limited Liability Partnership A Limited Liability Partnership may be incorporated as per the procedure explained below: User Registration · Register yourself on the website of Ministry of Corporate Affa

Passing of Board resolution by circulation under Section 289

Posted by Ankur Garg 03 April 2009 225285 Views

Passing of Board resolution by circulation under Section 289 of the Companies Act, 1956. In the absence of any provision in the Act or the Company’s articles of association, requiring that the exercise of a particular power of the directors sh

National Company Law Tribunal - a comment

Posted by Durga Rao 01 April 2009 17624 Views

National Company Law Tribunal–comment: With the companies’ law amendments, 2002, by which the National Company Law Tribunal was constituted, puts a specific bar on the Civil Court’s Jurisdiction. The constitution of Nat

Powers of Tribunal/CLB under section 397/398 of the Act.

Posted by Durga Rao 27 March 2009 7039 Views

It is really very difficult to codify the powers of the Tribunal under section 397/398 of the Act. Obviously, the Tribunal has wide powers or powers to pass such orders in order to put an end to the matters complained of. While all the se

Is company law complicated?

Posted by Durga Rao 26 March 2009 5097 Views

As everybody know, the formation and functioning of companies in India are governed by the Companies Act, 1956, the rules framed by the Central Government, the SEBI regulations and RBI guidelines and regulations on certain issues like inter-country t