List of Statutory registers to be maintained under companies’ act 2013?

Introduction: For an organization to function efficiently and adhere to the statutory requirements, it is essential to maintain certain records and registers. Maintaining such records and registers are important for fulfilling statutory, disclosure, statistical, MIS purposes.  Maintaining such records helps in ensuring that the operations of an organization are systematic. Companies Act, 2013 requires every... Continue Reading →

Compromises, arrangement’s and amalgamation under companies act?

Introduction With the increasing magnitude of the company’s business and the commercial activities, there had also been an increase in the diversities of the people who deal with them. Occasions of clashes and conflicts frequently arise which needs to be resolved amicably. And to resolve such conflicts the companies generally have to resort to arbitration... Continue Reading →

Powers of court to stay or restrain proceedings?

Intorduction: Accordingly, the High Court has the power to stay and/or restrain proceedings initiated or to be initiated in any other Court so that it may hear and dispose of such Saved Petitions. As per section 372. The provisions of this Act or of the Insolvency and Bankruptcy Code, 2016, as the case may be,... Continue Reading →

Prohibition for buy back of shares in certain cirumcumstances?

Introduction No company shall directly or indirectly purchase its own shares or other specified securities— through any subsidiary company including its own subsidiary companies; through any investment company or group of investment companies; & if a default, is made by the company, in the repayment of deposits accepted either before or after the commencement of... Continue Reading →

Procedure of Alteration of memorandum and articles of association

Introduction: Memorandum of association is the document that governs relationship between the company and the outside. It is a charter of the company and mentions the extent and scope of its activities. Hence, memorandum of association is an important document as it defines the relationship of the company with the interest and rights of the... Continue Reading →

Branch office under companies act?

Introduction India is among the world's largest consumer markets and top global economy. The fact that India is a fast-paced developing economy makes it an attractive destination for corporates all around the globe to invest and have commercial ventures in India. Hence, we see a growing number of foreign corporates have their branch office registration... Continue Reading →

Certain attachment, executions in winding up by tribunal to be avoid?

Introduction: There are certain provisions imposed for the attachment, execution in winding up by the Tribunal to be avoided. It was affected by 15-12-2016, wherein any company, if it is being wound up by the Tribunal if it is attached, distress or executed by the force, without leave of the Tribunal against the Estate or... Continue Reading →

The Concept of Prospectus under The Companies Act.I.E Abridged Prospectus.

The Companies Act, 2013 defines a prospectus under section 2 (70) Prospectus can be defined as “any document which is described or issued as a prospectus”. This also includes any notice, circular, advertisement or any other document acting as an invitation to offers from the public. Such an invitation to offer should be for the purchase... Continue Reading →

The Stay of Suits ,On winding up Order.

Introduction When a winding up order has been released or a provisional has been passed, no suit or other legal proceedings shall be commenced or passed, or if pending at the date of the winding up order, shall be proceeded with, by or against the company, except with the leave of the Tribunal and subject... Continue Reading →

The Companies Act

Introduction The Companies Act, 2013 passed by the parliament has received the assent of the president of India on 29th August 2013.This Act was amended and the law was passed relating to companies. The Companies act, 2013 has been notified in the Gazette in 2013. Some of the other provisions has been passed and published... Continue Reading →

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