by Administrator | Mar 25, 2016 | Corporate Law, Legal FAQs
What is the exact number of Board of Directors to conduct the meetings of the Company? Quorum is the minimum number of directors to be present to proceed with a meeting for conducting a legally valid business transactions. The directors cannot held a meeting unless...
by Administrator | Mar 25, 2016 | Corporate Law, Legal FAQs
Point out the major features and the number of members of Public Limited Company. Section 3(1)(iv) provides the definition of Public company as follows: The company which is not a private company that has a minimum paid up capital of about 5 lakhs rupees or higher; a...
by Administrator | Mar 25, 2016 | Corporate Law, Legal FAQs
What is the specialty of a Private Limited Company according to the Companies Act, 1956? Section 3 (1) (iii) of the Companies Act, 1956 defines what is a private company. According to the said section, a company which has a minimum paid up capital of about one lakh...
by Administrator | Mar 25, 2016 | Corporate Law, Legal FAQs
I am holding shares in a private company. There are only two shareholders including me. Out of this, one shareholder died. Can I continue the working of the company? What is the effect a company on death of one of its members? One of the benefits of the incorporation...
by Administrator | Mar 21, 2016 | Corporate Law, Legal FAQs
Is there any problem if the company is not registered? An incorporated company under the law is a distinct entity and vested with corporate personality, which would be absent in the case of the companies not registered under the law. If the company is not registered,...
by Administrator | Mar 21, 2016 | Corporate Law, Legal FAQs
I am starting a new company along with my friends. What is the effect in a situation where the members are below the minimum requirement according to law? Section 3 of the Companies Act, 2013 specifies that the minimum number of members to form a public company is...
