What is Section 26 of Companies Act?
—The date indicated in the prospectus shall be deemed to be the date of its publication. …
Under which section is the post of full time director held?
WTD (Section 2(94): Whole-time Director” includes a director in the whole-time employment of the company….IX. Remuneration in case of no profits/ inadequate profits.
| (1) | (2) |
|---|---|
| Where the effective capital is | Limit of yearly remuneration payable shall not exceed (Rupees) |
What are the two main types of business units?
The types are: 1. Individual Proprietorship 2. Partnership 3. Joint Stock Company.
What is Section 25 of Companies Act, 2013?
(1) Where a company allots or agrees to allot any securities of the company with a view to all or any of those securities being offered for sale to the public, any document by which the offer for sale to the public is made shall, for all purposes, be deemed to be a prospectus issued by the company; and all enactments …
What is the provision of Section 52 of the Companies Act, 2013?
| Section | Content | Effective Date* |
|---|---|---|
| section 51 | Payment of dividend in proportion to amount paid-up | 12/09/2013 |
| section 52 | Application of premiums received on issue of shares | 01/04/2014 |
| section 53 | Prohibition on issue of shares at discount | 01/04/2014 |
| section 54 | Issue of sweat equity shares | 01/04/2014 |
What is Section 39 of Companies Act 2013?
(1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other …
What is section 205C of the Companies Act, 1956?
Investor Education & Protection Fund (Section 205C of the Companies Act, 1956) : The Central Government shall establish a fund, called as Investor Education and Protection Fund. The Fund shall be utilized for promotion of investors’ awareness and protection of the interests of investors in accordance with such rules as may be prescribed.
What does company mean under the Companies Act?
“company” means a company incorporated pursuant to this Act or pursuant to any corresponding previous written law; “company having a share capital” includes an unlimited company with a share capital;
What is the role of company secretary under Companies Act, 2013?
Prof R. Balakrishnan, FCS Under the Companies Act, 2013 the role of the company secretary has been considerably widened inasmuch as now he is not only responsible for the compliances under the Company law but also in respect of compliances under all other applicable laws.
Which is mandatory under the Companies Act 2013?
All along, the compliance of all applicable laws was mandatory under the listing agreement applicable to the listed companies. The Companies Act 2013, now categorically spells that it is one of the functions of the company secretary who is responsible for the compliance of all other laws.