business registration in Bangalore

Rectification of Register of Members – Company Registration in Bangalore

When a request for company registration of transfer or transmission of shares or other rectification securities issued by a private company is refused by its Board of Directors. Whether such refusal is in pursuance of any power of the company under its articles or otherwise the private company should within a period of thirty days from the date on which the instrument of transfer, or the intimation of such transmission, as the case may be, was delivered to the company,…

Read More

Introduction to Article – company Registration in Bangalore

Introduction to Article – Companies Act, 1956 Section 26 of the 1956 Act dealt with Article prescribing regulations and made the article of association compulsory in cases of unlimited companies, companies limited by guarantee and a private company limited by shares. As regards public company limited by shares, there is no obligation to register articles of association. The Article of association prescribe the rules and regulations to be applied in the governance of the company. Section 27 of the 1956…

Read More

Companies Incorporation outside India – Company Registration

Application of Act to the foreign companies Where not less than fifty percent of the paid-up share capital ,whether the company is held by one or more citizens of India or by one or more companies or corporate bodies incorporated in India, or by one or more citizens of India and one or more companies or bodies corporate incorporated in India, whether singly or in the aggregate, such company shall comply with the provisions of this chapter and such other provisions…

Read More

Issue of Rights shares to Existing Shareholders of the Company

Companies Act 2013 : Section 62 – Issue of rights shares Section 62 of the 2013 Act was notified and has been in effect from 01-04-2014,except Sub-sections(4) to (6) which have not been notified ,at the time of going to press.Section 62 of the 2013 Act,like Section 81 of the 1956 Act,provides for issuance of shares to employees under Employee’s Stock Opinion Scheme and issue of shares on preferential basis.Sub-sections(4) to (6) of the Section 62 which have not been…

Read More

Alteration of Objects – Company Registration in Bangalore

Alteration of Objects Section 17(1) of the 1956 Act contained clauses (a) to (g) specifying purposes for which the object clause in the memorandum could be altered. The 2013 Act has not specified any purpose for which the object clause or any other clause of the memorandum could be altered, thus leaving the same to the wisdom of the shareholders. The only restriction or additional conditions to comply with or specified in the case of the company wishing to alter…

Read More

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…

Read More

Agreement for Formation of a New Company to Exploit an Invention or Creation

Agreement for sale of invention The agreement for sale of patents as mentioned in this agreement should be properly drafted in consultation with the patents agents so that the said agreement may contain a complete specification of the invention which will be filed with the office of the Registrar of patents. Consideration for sale The amount invested in the sale of invention can be partly paid in cash and partly by allotment of shares or fully by cash or fully…

Read More

Alterations Corresponding to the Companies Act – Company Registration in Bangalore

Alterations of Memorandum of the Company[Section 13(1) of Companies Act,2013] A Company may,in general,alter its memorandum ,by passing a special resolution and complying with other conditions as provided below.It is most important to note that this is subject to section 61 of the 2013 Act,which lays down the limitations and conditions by which a limited company may take alterations of its share capital. This Corresponds broadly to section 17 of the 1956 Act,which also provided for a special resolution to…

Read More

Number of Directorship of the Private Company-Company Registration in Bangalore

Introduction Section 275 of the 1956 Act prohibited a director from holding the office of a director in more than fifteen companies. Initially the limit specified was twenty which was subsequently reduced to fifteen by the Companies (Amendment) Act, 2000. The number of directorship had to be calculated in terms of section 278 of the companies Act, 1956. Section 276 of the 1956 Act contained provisions relating to making of choice where a director held office as a director in…

Read More

Powers of Registrar to call for information – Company Registration in Bangalore

Powers of Registrar to call for information Register a company is important thing while you are doing business. Here we are going to discuss the powers of Registrar of the company registration process. As per Section 234 of the 1956 Act, the Registrar had powers to call for information only in respect of documents which a company was required to submit to him and not in respect to any other documents or matter, though it was likely that every matter…

Read More