Category: COMPANY LAW

Clause (c) of sub-section (1) of section 205, the Central Government has prescribed that the duties of Company Secretary. To provide to the directors of the company, collectively and individually, such guidance as they may require, with regard to their duties, responsibilities and powers; To facilitate the convening of meetings and attend Board, committee and general meetings, and maintain the Read More …

Section 2(25) of the Companies Act, 2013 defines “company secretary” or “secretary” means a company secretary as defined in clause (c) of sub-section (1) of section 2 of the Company Secretaries Act, 1980. Following Companies need to appoint a whole-time company secretary (mandatory): All Listed Companies (Rule 8 Companies Appointment & Remuneration of  Managerial Personnel Rules, 2014). Public Companies which have Read More …

Shelf Prospectus section 31, Red herring prospectus section 32. Oral Invitation is not a prospectus. Information memorandum+ shelf prospectus =Prospectus. Untrue statement in the prospectus will result in imprisonment of 10 years A company proposing to issue red herring prospectus shall file it with the registrar at least 3 days prior to the opening of the subscription list and the Read More …

Section 4 of the companies Act, 2013 seek to provide for the requirement with respect to the memorandum of a company. There are 7 clauses in the memorandum of Association. name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause. Alteration of Memorandum can be done under section Read More …