Formation, Registration and Incorporation of company : Nature and kinds of company – Promoters: Position, duties and liabilities – Mode and consequences of incorporation, – Uses and abuses of the corporate form, lifting of corporate veil, – Memorandum of Association, alteration and the doctrine of ultra vires, – Articles of association, binding nature, alteration, relation with memorandum of association, doctrine of constructive notice and indoor management-exceptions.
If on the Appointed date any cause of actions, suit, decrees, recovery certificates, appeals or other proceedings of whatever nature is pending by or against the transferor bank before any court or tribunal or any other authority (including for the avoidance of doubt, an arbitral tribunal), the same shall not abate, be discontinued or be in any way prejudicially affected, but shall, subject to the other provisions of the Scheme, be prosecuted and enforced by or against the transferee bank.
The term “Shell Company” is not defined under the Companies Act. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purpose such as tax evasion, money laundering, obscuring ownership, benami properties etc.
The Department of Defence Production has been continually engaging with the Federations and Associations of Ordnance Factories with regard to their views on the said transformation. An Empowered Group of Ministers (EGoM) has been constituted under the chairmanship of Minister of Defence to oversee and guide the entire process of corporatisation of OFB, including transition support and redeployment plan of employees while safeguarding their wages and retirement benefits.
Securities and Exchange Board of India (SEBI) has been issuing various circulars/directions from time to time on behalf of following Departments
In terms of the Companies Act 2013 companies are required to contribute 2% of their profit towards Corporate Social Responsibility (CSR). Training to promote sports, creation and maintenance of sports infrastructure, up gradation and renovation of existing sports facilities, Sports Science support including setting up of Gymnasium & Rehabilitation centers are activities covered under CSR.
Published vide Notification No. G.S.R. 454(E), dated 4th June, 2015 G.S.R. 454(E). – In exercise of the powers conferred by the proviso to Article 309 of the Constitution and in supersession of […]
SEBI Act, Securities Contracts (Regulation) Act and rules and regulations made thereunder Foreign Exchange Management Act Consumer Protection Act Depositories Act Environment and Pollution Control Laws Labour and Industrial Laws Co-operative Societies Act […]
Corporations may be divided into two main classes, namely, corporations aggregate and corporations sole. We are not concerned in the present case with corporation sole. “A Corporation aggregate has been defined as […]