Nomination of Majority Directors – Company Registration in Madurai

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, […]

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Sweat Equity Shares of Unlisted Companies – Company Registration in Madurai

Issue of Sweat Equity Shares of Unlisted Companies  In exercise of the powers conferred by proviso to Sub-section (1) of Section 79A of the Companies Act, 1956 (1 of 1956) read with sub-section (1) of Section 642 of the said Act, the Central Government hereby makes the sweat equity shares rules, namely:- Short title and commencement These regulations shall be […]

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Do you wish to hold an annual general meeting? – Company Registration in Madurai

Do you wish to hold an annual general meeting? Hold the first annual general meeting within nine months from the date of closing the first financial year and if that is done, there is no necessity of holding any other annual general meeting in the year of incorporation. Thereafter hold the annual general meeting every year so that not more […]

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Producer Company and Its Company registration rocess in Madurai

Producer Company and Its Company registration process The Amendment Act also includes the insertion of the provisions which enables the conversion of an existing co-operative society into a company as also the incorporation of a Producer Company. This part contains specific provisions relating to incorporation, management, meetings, share capital etc. of Producer Companies Objects of Producer Company A Producer company […]

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Liability of Directors – Company Registration in Madurai

Liability of Directors Under the Companies Act, 1956, the liabilities of company directors are numerous. The directors have always to be on guard least they should incur any liability for any default or violation of any provision. Their civil and criminal liabilities may be grouped under certain heads for convenience of consideration and discussion. They are: Liability to outsiders; Liability […]

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Deciding the Availability of Name for Company Registration in Madurai

A name which falls within the categories mentioned following will not generally be made available. • If it is not in consonance with the principal objects of the company as set out in its Memorandum of Association. This does not necessarily mean that every name should be indicative of its objects but when there is some indication of business in […]

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Removal of Names of Companies from the Register of Companies

In exercise of the powers conferred by sub-sections (1), (2) and (4) of section 248 read with section 469 of the Companies Act, 2013 (18 of 2013) mentions the removal of names of companies from the register of Companies and in super session of the Companies (Central Government) General Rules and Forms, 1956 except as respects things done or omitted to be done […]

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Undesirable Names of the Company – Company Registration in Madurai

Undesirable Names In determining whether a proposed name is identical with another, the differences on account of the following shall be disregarded and undesirable- The words like Private, Pvt, Pvt., (P), Limited, Ltd, Ltd., LLP, Limited Liability Partnership; Words appearing at the end of the names – company, and company, co., Co, corporation, corp, corpn, Corp.; Plural version of any […]

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