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Shabnam Jain

Latest Posts by Shabnam Jain

Need for Rotation of Directors | Section 152 | Companies Act, 2013

September 1, 2020 14862 Views 1 comment Print

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 […]

Can a company carry multiple businesses under one roof?

August 12, 2020 54576 Views 4 comments Print

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 […]

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