Category: Companies Act
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Debentures: Meaning and Types
Law and You > Corporate Laws > Companies Act, 2013 > Debentures: Meaning and Types Debenture is an instrument issued by company acknowledging its debts to the holder under its seal. Debentures carry interest at certain percent. According to Section 2(3) of the Companies Act 2013 ‘debenture” includes debenture stock, bonds or any other instrument…
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Foss v Harbottle: Rule of Majority
Law and You > Corporate Laws > Companies Act, 2013 > Foss v Harbottle: Rule of Majority A company is a juristic person which is conferred a separate legal entity different from the members who form it i.e. members of the company. Decisions of the company are taken by the Member Shareholders and the Board…
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Meetings Under Companies Act
Law and You > Corporate Laws > Companies Act, 2013 > Meetings Under Companies Act The word “meeting” is not defined anywhere in the Companies Act. Ordinarily, a meeting may be defined as gathering, assembling or coming together of two or more persons (by previous notice or by mutual arrangement) for discussion and transaction of…
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Procedure of Incorporation of a Company
Law and You > Corporate Laws > Companies Act, 2013 > Procedure of Incorporation of a Company According to Section 2(20) of the Companies Act, 2013, a “Company means a company incorporated under this Act or under any previous company law.” In this article, we shall discuss procedure of incorporation of a company, documents required for registration, and…
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Corporate Governance: Its Meaning, History, and Elements
Law and You > Corporate Laws > Companies Act, 2013 > Corporate Governance: Its Meaning, History, and Elements Corporate Governance refers to the framework of rules, practices, and processes that dictate how a company is directed and controlled. It encompasses the relationships among various stakeholders in a corporation, including the board of directors, management, shareholders,…
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Corporate Social Responsibility (CSR)
Law and You > Corporate Laws > Companies Act, 2013 > Corporate Social Responsibility (CSR) Corporate social responsibility (CSR) is also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business form of corporate. India became the first nation to enact legislation mandating the implementation and reporting of Corporate Social Responsibility (CSR) activities under…
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Legal Position of Director
Law and You > Corporate Laws > Companies Act, 2013 > Legal Position of Director In this article, we are going to study the legal position of the directors as agents, trustees, and organs of the company and their corresponding duties. The supreme executive authority controlling the management and affairs of a company vests in…
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Appointment of Directors
Law and You > Corporate Laws > Companies Act, 2013 > Appointment of Directors In this article, we shall study the appointment of directors and qualifications required from them. The supreme executive authority controlling the management and affairs of a company vests in the team of directors of the company, collectively known as its Board…
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Director Under Companies Act
Law and You > Corporate Laws > Companies Act, 2013 > Director Under Companies Act In this article, we are having a basic idea of the concept of director under Companies Act, 2013. In upcoming articles we shall study individual concepts in detail. Who is Director? Section 2 (34) of the Act prescribed that “director”…
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Legal Requirements for Issuance of a Prospectus under the Companies Act, 2013
Law and You > Corporate Laws > Companies Act, 2013 > Legal Requirements for Issuance of a Prospectus The Companies Act, 2013 prescribes several legal requirements for the issuance of a prospectus when a company offers securities to the public. These provisions aim to ensure transparency, investor protection, and regulatory compliance. The prospectus serves as…