company registration

Analysis of Relevant Provisions of Companies Act,1956 – Business Registration

Section 13 of Companies Act,1956 Section 3 of the Companies Act corresponds to section 13 of the 1956 Act and to the extend that both the provisions are similar the case law and commentary on Section 13 of the 1956 Act will be relevant to section 3 of the 2013 Act. Name clause[Section 13(1)(a) of Companies Act,1956] The name of every private company shall contain as its last words,the words “Private Limited”  and every public company shall contain as its…

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Legal Personality of the Company -Business Registration

A company is a separate legal entity not withstanding the fact that there was only one governing director.The separate legal entity  enabled a director,representing the firm,to enter into a contract of  employment with himself in his individual capacity.one of the characteristics of a company is that it is an incorporated body of persons.It is constituted into a distinct and independent person in law and it is endowed with special rights and privileges.It is not like a partnership firm or a…

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Company’s share and its types and functions

A share is a token or evidence of ownership, and each one represents a vote in the company. Any individual shareholder can have one, or many shares as they required.As every share counts as a vote in the company, the more shares you have then you get more votes.  if a person with 5 shares, he get 4 votes except him. The quantity of these votes depend on how many shares you have .commonly many shares do not be issued…

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Certificates of Shares of the limited company

Certificate of Shares   According to the provisions of the Companies Act,1956, a certificate ,under the common seal of the company,specifying any shares hold by any member,shall be evidence of the title of the member to such shares.A certificate may be renewed or a duplicate of a certificate may be issued if such certificate is provided to have been lost or destroyed ,or have been defaced or mutilated or torn is surrounded to the company.If a Company with intent to defraud…

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Significant things to know about the business enterprises

We are here to discuss the significant things about the business enterprises and its types in an understandable way. Business enterprises can be broadly divided into two categories namely one which is non-corporate in form and other one which has a corporate character. Enterprises: Enterprises which fall in the former category are partnerships, sole proprietorship and Hindu Undivided Family and business organisation which comprises the other category are companies and co-operative undertakings. The difference between the corporate and the non-corporate…

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