The document discusses key aspects of company law in India such as the meaning of a company, objectives of company law, types of companies based on incorporation, liability, nationality, and public interest. It also describes the key documents of a company - Memorandum of Association (MOA) and Articles of Association (AOA) - and compares their nature, alteration process, and differences. Additionally, it covers types of company meetings, membership in a company including rights of members, and duties and position of directors in a company.

1. Companies Act

2.  Presented By:
 Arya Kulangarathodi
 Abhijit Deshmukh
 Namita Amale
 PranotiVartak
 Priya Kumar
 RupamThakar
 Sachin Chaudhary
Group Members

3. Meaning of Company
 “A company is defined as a form of business
organization in which the funds of a large
number of investors are managed by a few
persons for the purpose of earning profits
which are shared by all investors”

4. Objectives of Company Law
1. To encourage investments
2. To ensure proper administration
3. To prevent malpractices
4. To allow for investigations

5. Types of Companies
A. From the point of view of Incorporation
B. From the point of view of Liability
C. From the viewpoint of Nationality
D. From the view point of Public Interest

6. 1. From the point of view of
Incorporation
Types of
Companies
CHARTERED STATUTORY REGISTERED

7. 2. From the point of view of
Liability
TYPES
UNLIMITED
LIMITED

8. 3. From the viewpoint of
Nationality
TYPES
NATIONAL
MULTI-
NATIONAL

9. 4. From the view point of Public
Interest
TYPES
PRIVATE PUBLIC GOVERNEMENT

10. Distinction Between Private Ltd.
& Public Ltd. Company
Private Ltd. Public Ltd.
 Capital requirement
 Members
 Directors
 Restriction on appointment of
directors
 Transferability of shares
 Start of business
 Capital requirement
 Members
 Directors
 Restriction on appointment
of directors
 Transferability shares
 Start of business

11. DOCUMENTS OF
COMPANY

12. Documents
Documents
MOA AOA

13. Memorandum of Association
 Main document of the company.
 It defines the objects of the company for which it is
established.
 Lays down the conditions upon which alone the company
allowed to be formed.
 Charter of the constitution of the company.
 It defines the scope of its activity and also states that
anything beyond it is unauthorized and illegal.

14. How MOA Looks?
 The Memorandum of Association must be
o Printed
o Divided into paragraphs
o Numbered consecutively
o Signed by each subscriber (seven or more in case of a public
company)
o Who must add his name, address and description in the
presence of at lease one witness who is to attest the
signature.

15. Articles of association
 The articles of association are subordinate to the
memorandum of association of the company.
 The articles contain the internal regulations of the
company.
 The provisions of the articles must not be
inconsistent with any of the provisions of the
memorandum of the Act.
 AOA can be altered at any time according to the
wishes of the member.

16. MOA
1. Determines the
constitution and
activities of the co.
2. It is fundamental charter
3. Every co. must have a
MOA
4. Alteration of MOA is
difficult
AOA
1. It contains rules and
regulations of internal
management of co.
2. It is subsidiary to MOA&
if conflicting, MOA would
prevail
3. Public company limited by
shares may or may not
have AOA
4. Alteration is easier by
special resolution
Difference Between MOA &AOA

17. TYPES OF COMPANY
MEETINGS

18. Kinds of Company Meeting
 General Meetings
A. Statutory General Meeting
B. Annual General Meeting
C. Extra ordinary General Meeting
 Meetings of Creditors
 Class Meeting

19. MEMBERSHIP

20. Membership of a Company
 The subscribers to the memorandum of a company
shall be deemed to have agreed to become members
of the company and on its registration, shall be
entered as members in the Registrar of Members;
 Every other person who agrees in writing to
become member of a company and whose name is
entered in its register of members, shall be a
member of company;
 Every person holding equity share capital of company
and whose name is entered as beneficial owner in
the records of the depository shall be deemed to
be a member of the concerned company.

21. Who Can Be A Member?
 Minor
 Company & Subsidiary Co.
 Insolvent
 Partnership firm
 Society

22. Rights of Members
 To receive notices of all general meetings
 To attend and vote at general meetings, appoint directors and
auditors of the company
 To receive copies of accounts of the company
 In case of a statutory meeting, he is entitled to a copy of
statutory report
 To inspect the minutes of proceedings of any general meeting
 To inspect the register and index of members and debenture
holders and copies of annual returns
 To transfer his shares

23. DIRECTORS

24. What Does Company Law Speak?
 Section 2(13) defines director as "director includes any
person occupying the position of a director by whatever
name called."
 Director is not servant of the company. He is rather an
officer of the company.
 The articles of association of the company and provisions of
the companies Act will govern the selection of the directors
of the company.
 The management or the affairs of the company will be in the
hands of the directors. The directors are collectively called
the Board of Directors.
 The articles will determine the number of directors to be
appointed to the Board of Directors of a company. As per
the Act, minimum three directors will be there in a public
company and two directors in a private company.

25. Position of Director
Position
As a
Trustee
As an
Agent
As a
Partner