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Company Promoter Required

 Enforcement is needed for the following reasons:  1. It is the basic and first important step in the formation of a company. 2. Enforcement is the process of formation of…

Valuation of Goodwill

Meaning and definitions of reputation,  Reputation is an invisible asset that cannot be seen, only felt.  It is easy to describe.  But its definition is difficult to give in certain…

Types of Fractions

 According to Section 66 of the Companies Act, there can be only two types of capital issued after this Act and a company with limited liability by shares created after…

Irregular allocation of share capital

 If a company makes allotment of shares against the rules of section 69 and 70, then any allotment is called irregular allotment i.e. allotment:- (1) the minimum subscription amount has…

Meaning and definitions of director / operator

The directors are the persons elected by the shareholders to run, manage and look after the business of the company. There is no clear definition of the word director in…