The document provides an overview of the Indian Companies Act of 2013. Some key points:
- The Companies Act of 2013 introduced several changes and reforms to simplify the process of forming and maintaining companies in India. Its objectives include encouraging entrepreneurship, transparency, and high corporate governance standards.
- The Act has 470 sections organized across 29 chapters. It defines 33 new terms and includes 7 schedules on topics like company formation documents.
- Some features of companies under the Act include being an incorporated legal entity separate from its members, perpetual succession despite changes in ownership, limited liability for members, and the ability to own property.
- The Act aims to balance the interests of companies and stakeholders while enforcing fraud prevention and whistle
this ppt is very much useful for the students pursuing First year in B.COM for the Company Law subject. Specially the students of Saurashtra University.
this ppt is very much useful for the students pursuing First year in B.COM for the Company Law subject. Specially the students of Saurashtra University.
OBJECTIVE
Winding up is the final stage in the business cycle of a Company. It is the process of closing down the legal existence of a company. It can be done either by the Company on its own (voluntary winding up) or by an order passed by the Tribunal (compulsory winding up). The webinar covers the aspects of various provisions involved in winding up as enshrined in Companies Act, 2013 along with judicial precedents.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
This ppt. includes brief about the Memorandum of Association (MOA) and Clauses of Regulatory Framework of Companies :-
1.Introduction, meaning and importance of MOA
2.Purpose of MOA and Contents
3 Clauses of MOA well defined and tuned
The Cadbury Committee was set-up in May 1991 by the Financial Reporting Council of the London Stock Exchange.
The committee published its report in December 1992.
Adrian Cadbury the chairman of the Cadbury committee.
The report sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures.
Competition Advocacy is the practice of disseminating awareness on competition issues in India. Competition Commission is the statutory body which is responsible for creating awareness, workshops and training on competition law in India, enhancing fairness and transparency in Indian market and thereby creating a conducive economically competitive culture in market which remarks a progressive market image in global market.
Appointment and qualification of directorsRaksha Shree
Chapter XI - Sec 149 to sec 172 of companies act 2013 - All provisions related to directors explained - Provisions relating to Appointment, qualification, duties, Vacancy, retirement explained - Provisions relating to independent director, small shareholders director, nominee director, additional director, alternate director, women director and resident director explained
Especially for CA final
OBJECTIVE
Winding up is the final stage in the business cycle of a Company. It is the process of closing down the legal existence of a company. It can be done either by the Company on its own (voluntary winding up) or by an order passed by the Tribunal (compulsory winding up). The webinar covers the aspects of various provisions involved in winding up as enshrined in Companies Act, 2013 along with judicial precedents.
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
DISCUSSING ON VARIOUS RULES AND REGULATIONS MADE BY THE DIFFERENT COMMITTEES WITH RESPECT TO CORPORATE GOVERNANCE SO AS TO MAKE THE COMPANIES IMAGE IN A BETTER WAY FOR THE FUTURE GROWTH AND TO IDENTIFIED BY THE STAKE HOLDERS.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
This ppt. includes brief about the Memorandum of Association (MOA) and Clauses of Regulatory Framework of Companies :-
1.Introduction, meaning and importance of MOA
2.Purpose of MOA and Contents
3 Clauses of MOA well defined and tuned
The Cadbury Committee was set-up in May 1991 by the Financial Reporting Council of the London Stock Exchange.
The committee published its report in December 1992.
Adrian Cadbury the chairman of the Cadbury committee.
The report sets out recommendations on the arrangement of company boards and accounting systems to mitigate corporate governance risks and failures.
Competition Advocacy is the practice of disseminating awareness on competition issues in India. Competition Commission is the statutory body which is responsible for creating awareness, workshops and training on competition law in India, enhancing fairness and transparency in Indian market and thereby creating a conducive economically competitive culture in market which remarks a progressive market image in global market.
Appointment and qualification of directorsRaksha Shree
Chapter XI - Sec 149 to sec 172 of companies act 2013 - All provisions related to directors explained - Provisions relating to Appointment, qualification, duties, Vacancy, retirement explained - Provisions relating to independent director, small shareholders director, nominee director, additional director, alternate director, women director and resident director explained
Especially for CA final
Complete Notes on Companies Ordinance, Paper LL.B. Part II.
.....................All students are advised to download and Prepare yourself. Shah Muhammad Zarkoon.
University Law College Quetta.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
2. A paradigm shift for the
Corporate
The
Companies
Act ,1956
The Companies
Act ,2013
3. Objectives of the Act
To develop the economy by encouraging
entrepreneurship
Creating flexibility and simplicity in the formation
and maintainence of companies.
To encourage transparency and high standards
of corporate governance
4. Objectives of the Act
To enforce strict action against fraud
To facilitate ease of doing business and protecting
the interests of the stakeholders
legislates the role of whistle-blowers
5. Structure of Companies Act ,2013
470 Sections 29 Chapters
33 New
Definations
7 Schedules
Extends
to whole
of India
6. 7 Schedules
Format of Memorandum andArticles of Association of Company
To compute Depreciation
Preparationof Balancesheet and profit& loss account
Code for Independent Director
Conditionsto be fulfilledfor the Appoitment of Managing or
Whole-timedirectoror Manager without the approval of Central
Government.
Infrastructuralprojects or facilities
Activities which may be included by companies in their Corporate
Social Responsibilitypolicies
7. Introduction to CompaniesAct,2013
Companies Bill
passed by Rajya
Sabha on 8th
August 2013
H’ble President
of India gave
assent on August
29, 2013
Became
Companies Bill
2013
Notified in official
Gazette on 30th
August ,2013
Companies Bill
passed by Lok
Sabha on 18th
December, 2012
Act Came into
force across
India on 12th
September,2013
8. Definition of Company
According to Section 2(20)- “A Company is a company formed under
Companies Act,2013 or under any previous law relating to
companies(CompaniesAct, 1956 or 1913)”
Thus, for the purpose of Companies Act, 2013 not every association of
persons is a ‘Company', only such association of persons is a
‘Company’ which is registered under Companies Act,2013 or under
any previouslaw .
According to Haney-”A company is an incorporated association, which is
an artificial person created by the law having a separate entity with a
perpetualsuccession and a common seal”.
9. Features of Company
1. Incorporated Association -A company is an institution incorporated
under the Companies Act 2013 or under any previous company law.
Without incorporation, a company is not a company in the eyes of
law. A company is formed and registered by complying with the
prescribed formalities prescribed under theAct.
2. Artificial legal person – A company is an artificial person as it is
invisible, intangible and existing only in the eyes of law. It is devoid
(lack of physique) and it is operated through a human agency known
as the directors of the company.
3. Separate legal entity – A company is a separate and has distinct
legal entity from its members and board of directors. It has its own
legal existence. After registration, the liability of the company is not
the liability of its members and the liability of the members is not the
company’s liability. A company is a separate person having its own
rights and obligations.
10. Features of Company
Case Study :- Salomon Versus Salomon, 1897
Salomon was a sole proprietor of a leather business. He sold his
business and incorporated a company in the name “ Salomon and
company limited.” He himself and his two sons constituted the
board of directors. Salomon had an absolute control over the
company. After one year the company suffered from financial
crisis. The creditors of the company held Salomon responsible for
the debts on the ground that the company and Salomon were one,
and Salomon was liable to indemnify the company against its
debts.
The House of Lords (judges) held that the company has a separate
legal entity and after its incorporation, distinct from its members
and that the company’s asset must be realized in payment of debts.
11. Features of Company
4. Perpetual succession –Since a company is an artificial person created
by law, law only can bring an end to its life.Thus, it enjoys perpetual
succession. Members may come and go, but the company goes on
forever. Thus a company never dies.
5.Separate property –A Company after its registration can own and
enjoy property in its own name. Members are not owners or co-owner of
the company’s property and have no insurable interest in the property of
the company.
CaseStudy :-Macaura V. NorthernAssuranceCo. Ltd
Macaura was the holder of all the shares except one of the timber
company. He insured the company in his own name. The timber was
destroyed by fire. Macura claimed the loss from the insurance company
but it was held that the insurance company was not liable to pay him
because it was the property of the company and not his personal
property.
12. Features of Company
6. Limited liability –For the debts of the company, its creditors can sue it
and not its members whose liability is limited to the unpaid amount on shares
held by them or the guarantees provided by them to contribute on the
winding up of the company, dependingon the type of company.
Nature of company Extent of Liability of members
Company limited
by shares
Amount unpaid on the shares held by every member
Company limited
by Guarantee
Amount guaranteed by every member.
Company limited
by Guarantee
having share capital
Aggregate of the amount unpaid on the shares held
by a member and the amount guaranteed by him
Unlimited Company Every member is liable to contributeto the assets of
the company until all the debts of the company are
paid in full.
13. Features of Company
7. Common seal – Common seal is the official signature of the
Company. Any document, on which the common seal is affixed, is
deemed to be signed by the Company.It is mandatory for every
company to have a common seal with its name engraved on it. In case a
company does not have a common seal, the authorization shall be made
by two directors or by a director and the Company Secretary, wherever
the company has appointed a Company Secretary.
8. Capacity to sue and be sued –After incorporation of a company, it
can sue othersand be sued in its own name.
9. Transferability of shares – Shares are movable property of the
company (Sec. 44 of the companies Act, 2013) .They are transferable in
the manner provided in the Articles (Sec. 44 of the Companies Act,
2013). In a Private company , the right to transfer the shares is
restricted and Publiccompany shares are freely transferable.
14. Features of Company
10. Provision of relief from oppression and mismanagement –
Companies Act, 2013 has laid down provisions of relief from Oppression
which means ill treatment or harm to the members of the company and
‘Mismanagement’ that is conducting the affairs of the company
prejudicial to the interest of the company.
11. Ownership separate from management -The members do not
participate in the day-to-day affairs of the Company. The management of
the company lies in the hands of elected representatives of members,
commonly called as Board of Directors or directors.