Crossing of Cheque
by A cheque is a negotiable instrument. It can either be open or crossed. An open cheque is the bearer cheque. It is payable over the …
Tag: NARENDRA MODI INTERNATIONAL FINANCIAL MANAGEMENT
Bouncing of Cheques
Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another …
Shares: Kinds
A share in the share capital of the company, including stock, is the definition of the term ‘Share’. This is in accordance with Section 2(84) of …
Allotment and Transfer of Share
PRIVATE PLACEMENT (SECTION: 42) CONDITIONS: (i) A private placement offer cannot be made to more than 200 people in aggregate in a financial year excluding …
Essentials conditions for a Valid Meeting
1. Proper Authority: The authority to call a general meeting is the board of directors of the company. The notice of the meeting should be …
Directors and Remuneration
‘Remuneration’ means any money or its equivalent given to any person for services rendered by him and includes the perquisites mentioned in the Income-tax Act, …
Prevention of Oppression and Mismanagement
Chapter XVI of the Companies Act, 2013 deals with the provisions relating to prevention of oppression and mismanagement of a company. Oppression and mismanagement of …
Single Person Company
The Companies Act, 2013 completely revolutionized corporate laws in India by introducing several new concepts that did not exist previously. On such game-changer was the …
Important changes from the Previous Companies Act 1956
S.No Scope Companies Act, 2013 Companies Act, 1956 Comments 1. Definition of “Charge” Section 2(16): “charge” means an interest or lien created on the property or …
Transfer of ownership in goods including sale by non-owners
A sale by non-owner in business law occurs when goods are sold by a person who is not the owner without the owner’s permission. A …