This article is written by Niraj Soni pursuing BA.LLB(Hons) from University College of Law, Mohanlal Sukhadia University, Udaipur. This is an article which deals with various powers and functions of NCLT under the Companies Act, 2013. Major authorities under the Companies Act, 2013. There are three major authorities under the Companies Act, 2013. They are: 1) … Read more
Foss v. Harbottle; 1843: Case Study Citation- [1843] 67 ER 189, (1843) 2 Hare 461Bench- Wigram VC, Jenkins LJCourt- Court of chanceryPetitioner- Richard Foss and Edward TurtonDefendant- Thomas Harbottle & Other’s Introduction: A ruler makes use of the majority and neglects the minority, and so he does not devote himself to virtue but to law. … Read more
Introduction Winding up can be defined as a means by which a company can be dissolved. The main purpose of it is to realize the assets, pay the debts which have been incurred by the company and if there is any surplus then it shall be distributed among the members in accordance with their rights. … Read more
Powers and Function of NCLT under Companies Act, 2013 Introduction Development and innovation are stages in various sectors in the social order. The Companies Act, 2013 has undergone many amendments with new policies for good governance in corporate law. The Law Commission of India in its 124th report in the year 1988, pointed out that … Read more
Meetings under Companies Act, 2013 Introduction A meeting is generally a gathering of the members of a company; a meeting plays a very important role in the overall functioning of a company. A meeting must be constituted by two persons at least but under exceptional circumstances it can be done by one. Annual meetings have … Read more
Kinds of Company- Overview Introduction In the world of business, the incorporation of an artificial person is known to be a company. Its dynamics to the approach change with the development to the needs of the business. The word ‘company’ is derived from the Latin word ‘Com’ which means ‘with or together’ and ‘panis’ which … Read more
Formation and Incorporation of a Company under the Companies Act, 2013 Written By: Amrusha Sengupta BALLB 3rd Year Adamas University. Introduction A Company comes into existence after it has been incorporated under the Companies Act, 2013 or any earlier Companies Act. Every Company before starting its business transaction must get itself incorporated. Certain preliminary decision … Read more
Private Limited Company vs Partnership Introduction The business structure is a basic requirement for an entrepreneur to enter the world of trade and business. The impact on the pros and cons of starting a business is important for the person. The decision taken after scrutinizing the factors such as partners involved, personal loss and liability, … Read more
The distinction between Company Act 1956 and the company act 2013 INTRODUCTION- The word company is an amalgamation of the Latin word ‘Com’ meaning with or together and ‘Pains’ means “bread”. A company is nothing but a group of persons who have come together or who have contributed money for some common person and who … Read more
