Business Law 19 Nov
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- The document discusses an afterschool program called Business Law Afterschool that aims to develop social entrepreneurs and change makers through its comprehensive PGPSE program. - The PGPSE program covers topics like social entrepreneurship, spiritual entrepreneurship, and business law and can be completed fully online or through a combination of online and weekend classes. - The program aims to promote entrepreneurship and social development projects while being flexible, adaptive, and free of cost to support students from all economic backgrounds.
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![BUSINESS LAW Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk , www.afterschoool.tk](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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- The document discusses key concepts related to companies including what a company is, its features, types of companies, and the process of forming a company under the Companies Act of 1956.
- It explains the key stages in forming a company such as promotion, pre-incorporation contracts, incorporation involving important documents like the memorandum and articles of association, and commencement of business.
- The types of shareholder meetings like the statutory meeting, annual general meeting, and extraordinary general meeting are also summarized along with resolutions, types of shares, debentures, and winding up of companies.
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The document discusses the key stages and processes involved in forming and operating a company in India according to the Companies Act of 1956. It covers the stages of promotion, incorporation, capital subscription, and commencement of business. It also discusses essential documents like the memorandum of association, articles of association, and prospectus. Other topics covered include types of company meetings, roles and powers of directors, and winding up processes like voluntary and compulsory liquidation.
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The document discusses the formation of Joshi Group & Co, a private company established by Biraj Joshi, Aamir Khan, and Sushobhan Acherjee. It outlines the key steps in forming a company, including promotion, incorporation, and raising capital. Some of the important documents required for registration include the memorandum of association, articles of association, consent from directors, and documents establishing the company's stated capital. The memorandum establishes items like the company's name, objectives, liability of members, and capital structure. The articles of association describe the internal regulations and governance of the company.
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- It explains the key stages in forming a company such as promotion, pre-incorporation contracts, incorporation involving important documents like the memorandum and articles of association, and commencement of business.
- The types of shareholder meetings like the statutory meeting, annual general meeting, and extraordinary general meeting are also summarized along with resolutions, types of shares, debentures, and winding up of companies.
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The document discusses the key stages and processes involved in forming and operating a company in India according to the Companies Act of 1956. It covers the stages of promotion, incorporation, capital subscription, and commencement of business. It also discusses essential documents like the memorandum of association, articles of association, and prospectus. Other topics covered include types of company meetings, roles and powers of directors, and winding up processes like voluntary and compulsory liquidation.
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Introduction
Importance
Steps involved in formation of company (as per Companies Act 2013)
Forms required for company formation & filling procedure
Attachment
Fees
Our company profile
Conclusion
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The document discusses the process of forming a company in India. It involves several key steps:
1) Approval of the company name from the Registrar of Companies.
2) Filing the Memorandum and Articles of Association with the ROC along with other required documents and fees.
3) Receipt of the Certificate of Incorporation from the ROC to legally form the company.
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- Definition of new terms like associate company, dormant company, foreign company, independent director, etc.
- Introduction of concepts like One Person Company, small companies with relaxed compliance.
- Faster registration process with e-governance features.
- Stricter disclosure norms for prospectus and allotment of securities.
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- Changes in board composition with limits on minimum and maximum number of directors.
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The document defines a company and discusses its key characteristics such as separate legal entity, perpetual succession, transferable shares, and limited liability. It outlines the different types of companies including registered companies that are further divided into companies limited by shares, companies limited by guarantee, and unlimited companies. The document also discusses the memorandum of association, articles of association, membership of a company, rights and liabilities of members, and key concepts like depositories, register of members, foreign registers, annual returns, and prospectus.
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Hope u like it.. :)
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This document summarizes a presentation on the key aspects of the Companies Act, 2013. It outlines the major changes introduced in the new Act compared to the previous Companies Act of 1956. Some notable changes include a reduction in the number of sections from 658 to 470, the introduction of new types of companies like One Person Companies and Small Companies, increased requirements for director appointments and responsibilities, more stringent compliance requirements, and an increased scope for investor protection.
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- A company is defined as one incorporated under the Companies Act 2013 or previous law.
- Formation requires registering with the Registrar of Companies, which makes the business a separate legal entity in perpetuity.
- Companies have advantages like limited liability for shareholders but also disadvantages like high registration and compliance costs.
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The document provides an overview of key concepts related to companies under Indian law, including:
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2) It classifies companies into different types based on ownership, liability, incorporation, and more - including private companies, public companies, government companies, and one person companies.
3) It describes the process of incorporating a company, including required documents like the memorandum of association, articles of association, consent of directors, and more.
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The document provides details about the evolution of company law in India. It summarizes the key Acts that governed companies - the Act of 1857 was the earliest, followed by Acts of 1866, 1882 and 1913. The Companies Act, 1956 was enacted following recommendations of the 1950 Company Law Committee. It has since been amended 24 times. The Companies Act, 2013 consolidated and amended existing law and was passed by the Lok Sabha in 2012-2013. It aims to protect shareholder interests and attain social and economic policy goals. Key changes include provisions for one person companies, small companies, dormant companies and revised definitions.
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The document summarizes key aspects of company law in India as outlined in the Companies Act of 1956. It defines a company and lists its key characteristics such as separate legal entity status, transferable shares, and limited liability. It outlines different types of companies based on incorporation, liability, nationality, and public interest. It also describes the different types of companies that fall under each of these categories, such as private vs. public companies. Finally, it discusses the key documents of a company, namely the Memorandum of Association and Articles of Association.
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The document discusses the process of forming a company in India. It involves several key steps:
1) Approval of the company name from the Registrar of Companies.
2) Filing the Memorandum and Articles of Association with the ROC along with other required documents and fees.
3) Receipt of the Certificate of Incorporation from the ROC to legally form the company.
4) Additional steps for public companies, including obtaining a Certificate of Commencement of Business from the ROC to officially start operations.
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This PPT contains important new provisions relating to Shares, Debentures and Deposits in the Companies Act, 2013 for general understanding.
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The document discusses different types of business entities in India including sole proprietorships, partnerships, and companies. It provides details on private limited and public limited companies, outlining key differences such as minimum shareholder requirements, transferability of shares, and regulations. The procedures for incorporating a company in India are also summarized, including pre-registration steps and required registration forms and documents. Restrictions on foreign investment through automatic and approval routes are briefly mentioned.
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The document provides a backgrounder on the key highlights of the Companies Act, 2013. Some of the major changes introduced include:
- Definition of new terms like associate company, dormant company, foreign company, independent director, etc.
- Introduction of concepts like One Person Company, small companies with relaxed compliance.
- Faster registration process with e-governance features.
- Stricter disclosure norms for prospectus and allotment of securities.
- Provisions for reduction of share capital and redemption of preference shares.
- Enhanced role of e-governance for various company processes.
- Changes in board composition with limits on minimum and maximum number of directors.
The companies act 1956 ppt @ bec doms
The document defines a company and discusses its key characteristics such as separate legal entity, perpetual succession, transferable shares, and limited liability. It outlines the different types of companies including registered companies that are further divided into companies limited by shares, companies limited by guarantee, and unlimited companies. The document also discusses the memorandum of association, articles of association, membership of a company, rights and liabilities of members, and key concepts like depositories, register of members, foreign registers, annual returns, and prospectus.
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The document summarizes key highlights of the Companies Bill 2013 that was passed by the Rajya Sabha in August 2013. Some of the key changes introduced include a uniform financial year for all companies from April to March, allowing private companies to have up to 200 members, introducing one person companies, simplifying the object clause, and expanding the types of securities governed by the bill. The bill also eases rules around buybacks, deposits, auditing and rotations, and introduces concepts like women directors and corporate social responsibility.
Indian companies act
There are several types of companies under Indian law based on incorporation, liability, control, and other factors. The main types include private and public companies, limited by shares or guarantee, chartered companies established by royal charter, statutory companies created by legislation, and foreign companies incorporated outside of India. A company is a separate legal entity from its owners and managers that can be established for business or nonprofit purposes.
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Main differences made in the new amendment 2013 act with comparative to old act 1956 in short and easy to understandable ....
Hope u like it.. :)
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This document summarizes a presentation on the key aspects of the Companies Act, 2013. It outlines the major changes introduced in the new Act compared to the previous Companies Act of 1956. Some notable changes include a reduction in the number of sections from 658 to 470, the introduction of new types of companies like One Person Companies and Small Companies, increased requirements for director appointments and responsibilities, more stringent compliance requirements, and an increased scope for investor protection.
Companies Act
The Companies Act 2013 is the primary law governing company formation and operation in India. It regulates incorporation, director and company responsibilities, and dissolution. Some key points include:
- A company is defined as one incorporated under the Companies Act 2013 or previous law.
- Formation requires registering with the Registrar of Companies, which makes the business a separate legal entity in perpetuity.
- Companies have advantages like limited liability for shareholders but also disadvantages like high registration and compliance costs.
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The document provides an overview of key concepts related to companies under Indian law, including:
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2) It classifies companies into different types based on ownership, liability, incorporation, and more - including private companies, public companies, government companies, and one person companies.
3) It describes the process of incorporating a company, including required documents like the memorandum of association, articles of association, consent of directors, and more.
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This document defines a company and outlines its key characteristics such as being a voluntary association, having an independent legal entity status, limited liability for members, use of a common seal, transferable shares, and perpetual existence. It also describes the different types of companies (statutory, government, registered) and classes of shares (ordinary, preferred, deferred, preference, cumulative, participating, guaranteed). The formation process of a company is explained including the documents required such as the memorandum of association, articles of association, statement of capital, and director consents.
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This document provides an overview of company law and secretarial practice in India. It defines a company and outlines its key characteristics such as separate legal identity, limited liability, transferable shares, and perpetual existence. It then classifies companies based on liability, members, control/holding, and other categories. The document also discusses company promotion, registration procedures, memorandum and articles of association, and the differences between private and public limited companies.
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The document discusses different types of ownership organizations for small businesses, including sole proprietorships, partnerships, joint-stock companies, and cooperative societies. It analyzes factors to consider when selecting an organizational structure, such as capital requirements, risk, and regulations. For each type, it outlines key features, advantages, and disadvantages. Sole proprietorships offer maximum control but unlimited liability, while partnerships allow more capital but require agreement between owners. Joint-stock companies facilitate raising funds but involve more legal processes. Cooperative societies provide benefits through member cooperation but may lack specialized management skills.
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This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
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This document discusses different types of business ownership structures including sole proprietorships, partnerships, joint stock companies, corporations, cooperatives, public sector enterprises, and joint sector enterprises. It provides details on the key characteristics of each type such as capital structure, liability, management, and advantages and disadvantages. Some of the major types discussed are sole proprietorships where one individual owns the business, partnerships where two or more individuals own the business, and joint stock companies where ownership is divided into shares that can be publicly traded.
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Underwriting involves guaranteeing that shares offered to the public will be fully subscribed. Venture capital firms provide funding to start-ups and become involved in management. They aim to reduce information problems through long-term focus, board representation, staged funding, and diversification. Private equity buyouts involve taking public companies private to avoid regulation and attract talent while pursuing tax advantages.
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