company registration

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,…

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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…

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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…

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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…

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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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Company’s duty to register its charges – Company Registration in Bangalore

Every company is obligated for creating a charge within or outside India,on its property or asserts or any of its undertakings, whether tangible or otherwise,and situated in or outside India,to register the particulars of the charge signed by the company and the charge-holder together with the instruments ,if any,creating such charge ,with the registrar within thirty days of its creation. Form and Manner for Register a company The application for registration of charge shall be submitted to the registrar for…

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Effect of Memorandum & Articles- Company Registration in Bangalore

Section 36 of the 1956 Act corresponds to section 10 of the 2013 Act and explains the effect of the memorandum and articles.They are very important documents and when they are registered they have the following impacts of : They bind the company and the members thereof to the same extend as if they respectively had been signed by the company and by each member. All deeds/covenants on its and his part must observe all the provisions of the memorandum…

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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…

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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…

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Company Registration Offices and Fees in India

Company Registration offices and Fees in India Company is a separate legal entity which is carries on some form of business. It can be classified and structured in many types such as Proprietorship, partnership and private and public limited company and one person company. Company registration is totally different from the corporation. The company can be categorized as per the number of directors and members of that company holds. Starting a business is not an important thing for an entrepreneur.…

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