Solubilis – Company Registration in Madurai
Act for Acts
Requirement as to minimum subscription Section 69 of the 1956 Act prohibits a company from making allotments pursuant to a public issue of capital unless the amount stated in the prospectus as the minimum subscription has been subscribed and the money payable on application in respect of such shares constituting the minimum subscription has been received by company within 120 […]
Continue reading »An offer to the public An offer of shares to the company‘s shareholders cannot be termed “an offers to the public”. Sub-section(1) which states that an offer to the public shall include a reference to offering them to “any section of the public whether selected as members or debenture holders of the company“ is, as the sub-section itself states , […]
Continue reading »Incorporation of a company: Both sole member and nominee shall be natural persons, Indian citizens, and residents in India Only a natural person who is an Indian citizen and resident in India- Shall be eligible for incorporation 0f a one person company; Shall be a nominee for the sole member of a one-person company. The term resident India means a […]
Continue reading »Do you wish to takeover a listed company If you are a listed company and the person taking over the company is already holding 25% of the voting rights in respect of shares to be acquired, and, the acquirer is desirous of acquiring further shares in respect of target listed company, he has to make the public announcement of a […]
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