In a very significant observation, the Allahabad High Court has in a most learned, laudable, landmark, logical and latest judgment titled Rama Nand vs Hira Lal in Second Appeal No. 1698 of 1900 and cited in 2022 LiveLaw (AB) 477 that was pronounced o ..
Key takeaways The Ministry of Corporate Affairs has made sure that not only is the incorporation procedure straightforward, but that the process of registering a company in India is completed more quickly. Incorporating a company, is done with the ba ..
There goes a well known adage that, "It is better to be late than never". It is really good to see that finally the Supreme Court has decided to go whole hog in cracking the whip on two finger test in rape cases. In a most recent judgment d ..
IntroductionReservation is a method to provide assistance to the historically disadvantaged groups of the community in the field of education, employment, government offices, and so on. The reservation existed even before the independence of India, i ..
Key takeaways A company's majority ownership and destiny tend to favour the shareholders. The proper and effective conduct of these meetings assesses both the Company's current operations and its long-term goals The meetings give shareholders ..
INTRODUCTIONThe word promoter is defined inS.2(69) of Companies Act 2013, as a person who has control over the affairs of the company, as a shareholder, director, directly or indirectly. A promoter is a person whose function is to form a company and ..
Key Takeaways A company, requires its members to make every decision after giving it careful thought and exercising prudent judgement, Annual General Meeting is a medium for a company to do so. Companies Act, 2013, establishes a statutory provision o ..
Democracy means the government of the people, for the people, and by the people and one of its primary aims is the respect of individuals and idolising of none. For the effective function of democracy, the existence of political parties is inevitable ..
Key Takeaways Equity shares, which are often referred to as ordinary shares, are issued to the general public at a pre-declared face value. As more shares are sold, more capital flow in, making it the main source of investment for a company. Equity s ..
Key takeaways The Indian Partnership Act of 1932 governs partnerships, and the Limited Liability Partnership Act of 2008 governs limited liability partnerships. The governing rules for private limited companies can be divided into two categories: gen ..
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