Section 82 of Companies Act, 1956 As discussed earlier there is a difference between the terms negotiable and transferable and shares and debentures are not negotiable instruments, but transferable of the shareholder. Shares or debentures are movable property as made Read More
Issue of convertible debentures – Company Registration in Bangalore
Section 117 of Companies Act, 1956 Issue of convertible debentures The 1956 Act did not empower a company to issue partly or fully convertible debentures. However, sub-section (1) of s. 71 of the 2013 Act is a new provision empowering Read More
Alteration of Articles of Company- Company Registration in Bangalore
Companies Act, 1956: Section 31 Section 31 of the 1956 Act empowered a company to alter its articles by passing a special resolution. The power, however, was subject to the provisions of the 1956 Act and conditions contained (if any) 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 Read More
Formation of companies with charitable objects
Formation of companies with charitable objects Section 8 of the 2013 Act corresponds to s. 25 of the 1956 Act. As per the 1956 Act, an association of persons alone could form a company under s. 25 of that Act. Read More