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 Read More
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. Read More
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 Read More
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 Read More
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 Read More