Solubilis – Company Registration in Madurai
Act for Acts
Introduction to Company In current scenario, each and every person has some knowledge and some business ideas which he wants to convert it into reality to became a successful business person. Those idea holders can approach the business investors to invest in his ideas for raising funds. In recent years, Investor’s always want to look for a private limited company for […]
Continue reading »Section 255(1) of the Companies Act, 1956, which deals with the nomination and appointment of directors and the proportion of those who are to retire by rotation, read as under:- “Unless the articles provide for the retirement of all the directors at every annual general meeting, not less than two-thirds of the total number of directors of a public company, […]
Continue reading »Concept of Public Company This article corresponds to section 3(1)(iv) of the Companies Act, 1956. Public company as defined section 271) of the 2013 Act is a company which is not a private company and one which has a minimum paid-up share capital of five lakh rupees or such higher amount as may be prescribed. The provision to section 2(71) […]
Continue reading »Do you wish to appoint one of your directors to be a Managing Director 1. A director to be appointed as a managing director would necessarily have obtained the Director Identification Number (DIN) under Section 153 read with section 154 of the 2013 Act [corresponding to section 266 A of the 1956 act]. 2. Convene a Board meeting after giving […]
Continue reading »Consolidation of shares [Section 94(1)(b) Companies Act, 1956) Consolidation is the process of combining a specified number of shares into one new share; the new share has to be of a nominal value equal to the aggregate of the shares so consolidated. This power has also to be exercised in the general meeting in the manner authorized by the articles. […]
Continue reading »One Person Company(OPC) With increasing the use of information technology and computers, emergence of the service sector, it is time that the entrepreneurial capabilities of the people are given an outlet for participation in economic activity. Such economic activity may plays as a vital role in the innovation of an economic person in the form of a firm or a […]
Continue reading »Company [Section 3(1) of Companies Act, 1956] The definition of “Company” in sub-section (1)(1) of section 3 of the 1956 Act, is subject to the other definitions given in other provisions of the 1956 Act for the limited purposes stated therein. In Telesound India Ltd., it was held that though the word companies is generally defined in section 3 of […]
Continue reading »Do you wish to lend the funds of your company or to make investments in shares of other companies? If your company, whether a private or a public company proposes to grant loans and investments or give any guarantee provide security in connection with a loan to any other body corporate or person or acquire by way of […]
Continue reading »Committee of Creditors for the Registered Company The 1956 Act and SICA did not require holding of creditors meeting for determining the possibility of revival of the sick company. Therefore, there was no provision in the 1956 Act and SICA corresponding to section 257 of the 2013 Act. While 2013 Act empowers the secured creditors to initiate an action under […]
Continue reading »Company Registration in Madurai – Convening meetings of creditors and contributors of the company is what we are going to describe below in this article. A company is a separate legal entity, which is made by some association of peoples who may be natural or legal persons for commercial and industrial purposes. Basically, the company is registered and processed under […]
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