public limited company articles

Simple way to understand Substantially Interested Public Companies

Under Section 2(18) of the Income tax a company is said to be a company in which the public are substantially interested in the following circumstances: (a) if it is a company owned by the Government or the Reserve Bank of India or in which not less than forty per cent of the shares are held (whether singly or taken together) by the Gover...

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Posted Under: Company Law |

Distinction Between A Public Limited Company And a Private Limited Company

Distinction Between A Public Company And a Private Company ‚Äď Following are the main points of difference between a Public Company and a Private Company :- 1. Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas a Public Company must have a minimum paid-u...

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Posted Under: Company Law |

Guidelines for deciding cases for availability of names for formation of Companies under Companies Act, 1956

Guiding instructions for availability of names:-The procedure for scrutinizing the availability of names of new companies has recently been re-examined carefully in this Department, having taken into account the difficulties experienced by some Registrars in the following the instruction given to them vide Department‚...

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Posted Under: Company Law |

Drafting Articles of Association?

“Section 26. There may be in the case of public company limited by shares and there shall in the case of an unlimited company or a company limited by guarantee or a private company limited by shares, be registered with the memorandum, articles of association signed by the subscribers of the memorandum, prescribing regulations for the Co...

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Posted Under: Company Law |

‚ÄúCorporate Governance‚ÄĚ ‚Äď Corporate Law ‚Äď An Understanding?

Company Law is very complicated and interesting subject. If we look at all the corporate regulations or law, it is very clear that it focuses mainly on the interests of the shareholders. The liability of the members is limited in limited companies and as such the shareholders will be clueless often when their investment in the Company is ...

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Posted Under: Company Law |

Indian Company Law ‚Äď Objects Clause?

We all know about the requirements of forming a Company in India. Incorporation of a Company, as a secretarial practice, may not be a complicated exercise. It is not difficult to get the Director Identification Numbers (DIN) for the proposed directors in the Company to be incorporated, it is not difficult to get Digital Signatures, it is ...

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Posted Under: Company Law |

Company Law in India ‚Äď A Brief

In view of the vastness of the subject, the complications and listening at many of my colleagues, I have decided to present a small brief on Companies to be formed under the provisions of Companies Act, 1956, the difference between Private Limited and Public Limited Companies, the applicable law and also the complications. I know the vast...

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Posted Under: Company Law |

Requirement and procedure for obtaining commencement of business certificate

Certificate of Commencement of Business: Procedural Analysis The date of incorporation of a company may not be the date of commencement of business. A private company and a public limited company not having share capital are not required to comply with any other formalities and may commence its business activities immediately after ob...

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Posted Under: Company Law |

LLP act provides lot of benefit to foreign investors

A company incorporated outside India is entitled to become partner in LLP. The LLP Act also provides that a Foreign Limited Liability Partnership can also establish a place of business in India.A careful study of the LLP Act will reveal that an LLP enjoys the beneficial features of incorporated bodies without having the disadvantages of n...

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Posted Under: Company Law |

Use of Key Words in the Proposed Names of companies and minimum Authorised Share Capital Required

The minimum authorised capital for Private Limited Company РRs.1,00,000/-, For Public Limited Company -Rs.5,00,000/- For the use of some key words as part of name, the minimum authorised capital is given  below: 1. Corporation : 5 Crores...

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Posted Under: Company Law |

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