Company act

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Company act

  1. 1. THE COMPANIES ACT,1956 <ul><li>Definition of company </li></ul><ul><li>Classification of Company </li></ul><ul><li>Formation of Company </li></ul><ul><li>Memorandum of Association </li></ul><ul><li>Article of Association </li></ul><ul><li>Prospectus </li></ul><ul><li>Shares and Share Capital </li></ul><ul><li>Winding up of Company </li></ul>
  2. 2. Definition of Company <ul><li>A company registered under the companies act, 1956 or a existing company registered under any of the previous companies act passed in 1866 or 1882 or1913 or the registration and transfer of shares ordinance passed in 1942 </li></ul>
  3. 3. Classification of Companies <ul><li>Chartered company </li></ul><ul><li>Share company </li></ul><ul><li>Guarantee company </li></ul><ul><li>Limited and Unlimited company </li></ul><ul><li>Private and Public companies </li></ul><ul><li>Deemed public company </li></ul><ul><li>Holding and Subsidiary companies </li></ul>
  4. 4. Memorandum of Association <ul><li>Name Clause </li></ul><ul><li>Registered Office Clause </li></ul><ul><li>Object Clause </li></ul><ul><li>Share Capital Clause </li></ul><ul><li>Liability Clause </li></ul><ul><li>Association Clause - Minimum seven promoters should sign </li></ul>
  5. 5. Formation of Company <ul><li>Duties and Liabilities of Promoters </li></ul><ul><li>Availability of Name </li></ul><ul><li>Preparation of Documents </li></ul><ul><li>Registration of Company </li></ul><ul><li>Certificate of commencement of Business </li></ul><ul><li>SEBI Guidelines </li></ul><ul><li>Floatation </li></ul>
  6. 6. ARTICLES OF ASSOCIATION <ul><li>Section 26 states that a public limited Company may register its Articles of Association signed by the subscribers to the Memorandum. </li></ul><ul><li>If it does not register its own Articles, then Articles given in Table A of the Schedule I automatically becomes applicable. </li></ul><ul><li>It may adopt Table A in full or it may wholly exclude it by its own Articles or partly adopt its own and partly adopt Table A. </li></ul>
  7. 7. Articles of Association <ul><ul><ul><li>Business of the Company. </li></ul></ul></ul><ul><ul><ul><li>Amount of Capital & Classes of Shares into which the Capital is divided. </li></ul></ul></ul><ul><ul><ul><li>Rights of different classes of Shareholders and procedure for its variation. </li></ul></ul></ul><ul><ul><ul><li>Allotment of Shares, calls, forfeiture & transfer of Shares. </li></ul></ul></ul><ul><ul><ul><li>Exercise of borrowing Power including issue of debentures. </li></ul></ul></ul>
  8. 8. Articles of Association <ul><li>General Meetings, notices, quorum, Proxy, poll, voting, resolution, recording of Minutes of different meetings. </li></ul><ul><li>Number, appointment and power of Directors. </li></ul><ul><li>Accounts and Audit </li></ul><ul><li>Keeping of Books </li></ul><ul><li>Dividend –Interim & Final and general reserves. </li></ul>
  9. 9. Share Capital and Share Holders <ul><li>Authorised Share Capital </li></ul><ul><li>Paid Up Share Capital </li></ul><ul><li>Initial Public Issue </li></ul><ul><li>Different types of Shares </li></ul><ul><li>Ordinary Share </li></ul><ul><li>Preferential Share </li></ul><ul><li>Bonus Share </li></ul><ul><li>Basis of Allotment of Shares </li></ul>
  10. 10. Share Capital and Share Holders <ul><li>Different Types of Share Holders </li></ul><ul><li>Individual Share Holder </li></ul><ul><li>Hindu Undivided Family Share Holder </li></ul><ul><li>High Net Worth Individual Share Holder </li></ul><ul><li>Qualified Institutional Investors </li></ul><ul><li>Foreign Institutional Investors </li></ul>
  11. 11. Prospectus <ul><ul><ul><li>Part1 </li></ul></ul></ul><ul><ul><ul><li>General Information </li></ul></ul></ul><ul><ul><ul><li>Capital Structure </li></ul></ul></ul><ul><ul><ul><li>Terms of Present Issue </li></ul></ul></ul><ul><ul><ul><li>Particulars of the Issue </li></ul></ul></ul><ul><ul><ul><li>Company Management and Project </li></ul></ul></ul><ul><ul><ul><li>Future Prospects </li></ul></ul></ul><ul><ul><ul><li>Performance of Share on Stock Market </li></ul></ul></ul>
  12. 12. Prospectus <ul><ul><ul><li>Part 2 </li></ul></ul></ul><ul><ul><ul><li>General Information </li></ul></ul></ul><ul><ul><ul><li>Financial Information </li></ul></ul></ul><ul><ul><ul><li>Statutory &Other Information </li></ul></ul></ul><ul><ul><ul><li>Part 3 </li></ul></ul></ul><ul><ul><ul><li>Explanation of certain terms &expressions used in Part1 and Part 2 </li></ul></ul></ul>

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