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…
Characteristics of a company promoter
(1) Knowledge of Acts: Although the company is established under the Indian Companies Act 1956, but other laws are also applicable to it, so the promoter has to comply with…
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…
Powers and Right of the Company Secretary
The Company Secretary has certain powers to perform his duties. Although the rights of the secretary have not been mentioned in the Companies Act, he continues to get the same…