Month: November 2022
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FAQs Companies Act, 2013 (Shares)
a) What is a stock? Stock is an aggregate of fully paid-up shares. Thus, stock is simply a set of shares put together in a bundle. When shares are fully paid-up, they may be converted into stock. b) What is a share? Section 2(84) of the Companies Act 2013, defines “Shares” as, “Share” means a…
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Transfer of Shares Under Companies Act
A company issues shares to each of its members which represent that that they hold such part of company and a person/entity holding such shares are known as shareholders. A share is not a negotiable instrument, but it is a movable property. Section 44 of the Companies Act, 2013 provides that a share or other…
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Share Certificate and its Implications
A share certificate is a certificate issued by the company under its common seal specifying the shares held by any member and the amount paid on each Share. A share certificate is evidence of title of the allottee or transferee to the shares. It is a declaration that the person in whose name the certificate…
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Allotment of Shares
The main reason being raising capital by company to meet its financial requirements may be for starting a venture, repaying debts, expansion and diversification. When an investor buys securities he is enabling the company to carry on its business using those funds. Primarily, issues can be classified as a Public, Rights or preferential issues (also…
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Share of a Company
When a company issue a prospectus inviting the public to subscribe for the shares of a company, it is merely an invitation rather than an offer. An application for shares is an offer by the prospective shareholders to take the shares of the company. Such offers are made on application forms supplied by the company.…
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Introduction to Indian Evidence Act, 1872
Law and You >Procedural Laws > Indian Evidence Act, 1872 > Introduction The evidence and witnesses have been a key player in the pursuit of justice delivery. Thus, the object of every judicial investigation is the enforcement of a right or liability that depends on certain facts. The law of evidence can be called the…
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FAQs: Industrial Disputes (I.D.) Act, 1947 (Defining Concepts)
To understand provisions of the Industrial Disputes Act, 1947 we should be clear with some important concepts under the Act viz: Industry, Industrial Disputes, Workman, appropriate Government. a) Industry under the I.D. Act, 1947 According to Section 2(j) of the Industrial Disputes Act, 1947 “industry” means any business, trade, undertaking, manufacture or calling of employers…
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FAQs on M.R.T.U. and P.U.L.P. Act, 1971
In this article we shall see frequently asked questions on Industrial Court, Labour Court, Recognition of a Trade Union under the Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Act, 1971 a) What are the objects of M.R.T.U. and P.U.L.P. Act, 1971? The objects of the Maharashtra Recognition of Trade Unions and…
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FAQs: Industrial Disputes (I.D.) Act, 1947 (Lock-out, Lay-off, Closure, and Retrenchment)
In this article we should understand the terms Lock-out, Strike, Lay-off, Retrenchment, and Closure a) Define ‘Lock-out’ under the I. D. act, 1947 According to Section 2(l) of the Industrial Disputes Act, 1947, lock-out means the temporary closing of a place of employment, or the suspension of work, or the refusal by an employer to…
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FAQs: Industrial Disputes (I.D.) Act, 1947 (Authorities Under the Act)
In this article we shall have brief idea of authorities under the Industrial Disputes Act like: Works Committee, Conciliation Officer, Courts, and Tribunals. a) Name any two authorities under the I.D. Act, 1947. The different authorities under the Industrial Disputes Act, 1947 are as follows: b) What is Works Committee under I.D. Act, 1947? The…