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Alteration of Articles of Company- Company Registration in Bangalore

Companies Act, 1956: Section 31 Section 31 of the 1956 Act empowered a company to alter its articles by passing a special resolution. The power, however, was subject to the provisions of the 1956 Act and conditions contained (if any) in the memorandum of the company. As per the provisions of section 31 of the 1956 Act a public company could be converted into a private company. Such conversion, however, was subject to the approval by the Central Government. Moreover,…

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Definition of relevant issues of the company – Company Registration in Bangalore

Extracts relevant to new terms/definition  of Companies Act,2013 The JJ Irani committee was an Expert Committee  set up by the Ministry of Company Affairs which mentioned in Order dated 2nd December ,2004,to advise the Government to the new Company Registration  Law.The committee had the benefit of participation by several experts in various disciplines .It took a comprehensive view in developing a perspective on changes necessary in the companies Act,1956 in context of the economic and business registration environment.One of the…

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Formation of companies with charitable objects

Formation of companies with charitable objects Section 8 of the 2013 Act corresponds to s. 25 of the 1956 Act. As per the 1956 Act, an association of persons alone could form a company under s. 25 of that Act. However, as per s. 8 of the 2013 Act, even one person can form a company under the section. The scope of objects for which a company can be registered under s. 8 of the 2013 Act has been expanded.…

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Alteration of share capital – Company Registration in Bangalore

Companies Act, 1956: Section 94 Section 94 of the 1956 Act empowered a company limited by shares to alter its capital in any of the manner as stipulated under the section. Such power had to be exercised by the company in its general meeting. The section, however, clarified that cancellation of shares pursuant to the section would not amount to reduction of share capital under the Act. Companies Act, 2013: Section 61 Section 61 of the 2013 Act was notified…

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