“competent official” means the person appointed by the Minister for the execution of this Act;“Minister” means the Minister having charge and control of the execution of this Act. Section 5. In the case where this Act prescribes that any person shall submit documents or report particulars ...
Section 72(4)(c) of the Companies Act allows company to redeem preference share out of share capital but equal number of shares to be redeemed into share capital account. The amendments clarifies that a redemption of preference share out of the profit will only be subject to the solvency sta...
Section No.2 Section NameDefinitions Monthly Updated EditionCompany Law PDF Table of Contents Section 2 of Companies Act 2013: Definitions Section-2(1) Abridged Prospectus: Section-2(2) Accounting Standards: Section-2(3) Alter or Alteration: ...
Section 25 restates Section 16 of the 1985 Act, which maintained the principle that members of a company are not bound by any alteration to the articles which require them to increase their liability to the company or to take more shares in the company. A...
Section 349(4) of the Companies Act 1985: an outdated Victorian legacyGriffin, S
The provisions of section 178 are effective from 1-April-2014. You may refer Notification No. S.O. 902(E) issued dated 1-04-2014. In this article, you will learn detail of the provisions of section 178 of the Companies Act 2013 read with the Companies (Meetings of Board and its Pow...
Section 339 of the Companies Act 2013 (hereinafter referred to as “the Act”) is a significant clause that addresses India’s unscrupulous business practices. Any shareholder, officer, or employee of a firm who engages in fraudulent activity that is detrimental to the interests of the company ...
Section 172 of the Companies Act 2006 has been afforded much attention during parliamentary discussions on the codification of directors' duties and has since tdoi:10.2139/ssrn.2996090Tsagas, GeorginaSocial Science Electronic PublishingTsagas, G. (2017) `Section 172 of the Companies Act 2006: ...
In November 2020, following an industry consultation process, the Cayman Islands Monetary Authority (the Authority) issued a Regulatory Procedure on the deregistration of controlled subsidiaries1registered pursuant to the Banks and Trust Companies Act (BTCA) and a Rule and Regulatory Procedure on the...
According to the ICC’s Dunn, the same mover may act as an agent of an interstate moving company as well as a local or long-distance mover within a state, with the company names being different for each move type. “A lot of interstate movers will affiliate themselves with a van line,...