business registration in Bangalore

Conversion of Private company into LLP – Business Registration in Bangalore

Interpretation In this Conversion Schedule, unless the context otherwise requires,- “Company” means a private company as defined in Clause (3) of Sub-section (1) of Section 3 of the Companies Act, 1956 ; “Convert”, in accordance with a private company changing into a limited liability partnership, means a transfer of their entire property, asserts, interests, rights, privileges, liabilities, obligations of organisation and the undertaking of the private company to the limited liability partnership in accordance with this Schedule. Eligibility for Conversion…

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Securities Premium Account – Business Registration in Bangalore

Section 78 of Companies Act, 1956 – Introduction to Securities Premium Account The object of Section 78 of the 1956 Act was to lay down specifically how the securities premium accounts collected on the issue of shares should be utilized. The expression “premium” is not defined. It may be that if, over and above the cash payment on the shares, some further advantage measurable in terms of money is conferred on the company the value of such advantage will have…

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Definition and Types of Manager- Business Registration in Bangalore

Meaning of the term ‘Manager’ Section 2(53) of the 2013 Act was explained the roles and responsibilities of the manager and it is reproduce section 2(24)of the(old)Companies Act, 1956.Three conditions are to be satisfied before a person may become a ‘manager‘ under section 2(24) of the 1956 Act. They are, he must be an individual as opposed to a firm or a body corporate or an association, he must have the management of the whole or substantially the whole of…

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Voting Rights of Shareholders – Business Registration

Voting Rights of Preference Shareholders Voting rights of preference shareholders have been summed up as follows: Preference shares may be cumulative or non-cumulative. The holders of preference shares have voting right on any resolution of the Company which is directly affecting their rights, for winding up of the company, for payment or reduction of share capital(whether equity or preference) Preference shareholders have a voting right on all resolutions of the company at any meeting if their dividends are in arrears…

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Promoters Contribution of a company – Business Registration

Chapter 3 Part 3 of the SEBI(ICDR) Regulations,2009 and specifically 32,33 and 34 of the said regulations provide for promoters contribution.The said provisions are explained below discussion. Minimum Promoters Contribution – Public issue The promoters of the issuer shall contribute in the public issue as follows: In case of an initial public offer,not less than twenty percent of the post issue capital;which provided that in case the post issue shareholding of the promoters is less than twenty percent. Alternative investment…

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