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…
Meaning of Board of Directors
In the case of a company, the Board of Directors means the Board of Directors of the company. According to section 252 (3), the directors of the company are jointly…
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…