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Register of members Every company limited by shares shall, from the date of its one person company registration in Coimbatore, maintain a register of its members in Form. No. MGT.1: Provided that in the case of a company existing on the commencement of the Act the particulars as available in the register of members maintained under the Companies Act, 1956 […]
Continue reading »Companies (Issue of Indian Depository Receipts) Rules, 2014 – SEBI Guidelines For the purposes of section 390, no company incorporated or to be incorporated outside India, whether the company has or has not established, or may or may not establish, any place of business in India (hereinafter in this rule called ‘issuing company’) shall make an issue of Indian Depository […]
Continue reading »License under section 8 for new companies with charitable objects etc. 1)A person or an association of persons (hereinafter referred to in this rule as “the proposed company”), desirous of incorporating a company with limited liability under sub-section (1) of section 8 without the addition to its name of the word “Limited”, or as the case may be, the words […]
Continue reading »Special Resolution- shifting of registered office within the State [Section 12 (5),(6) and (7) of Companies Act, 2013] Section 12(5) of the 2013 Act requires that a special resolution be passed to shifting the registered office- (a) in the case of an existing company, outside the local limits of any city, town or village where such office is situated at […]
Continue reading »Personal Liability of Directors or Members Notwithstanding the cardinal principles of “limited liability” and “corporate personality”, the Companies Act, 1956 has specifically provided that in certain cases the advantages of distinct entity and limited liability of personal may not be allowed to be enjoyed. Such cases are: Reduction of Membership: Where the number of members falls below the statutory minimum […]
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