Section 152 of the Companies Act,2013 is applicable on only: – Public Company Private Limited Company which is a subsidiary of a public company (Deemed Public Company) As stated in Section 152(6)(a) of the Act, unless the articles provide for the retirement of all directors at every annual general meeting. At least 2/3rd (two-third) of […]
A company is incorporated with the mandated and most important document called the MoA i.e. Memorandum of Association which describes the purpose for which the company is formed. The scope of activities of the company is defined by the charter documents of the company, i.e.-MoA and AoA. Every company formed in India under the Companies […]