MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
In the context of a company, the word ‘meeting’ implies
The coming together of a certain number of members;
For transacting the business in the agenda;
For which a previous notice has been issued.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
In the context of a company, the word ‘meeting’ implies
The coming together of a certain number of members;
For transacting the business in the agenda;
For which a previous notice has been issued.
1. Origin Of Companies Act in India
2. What is a Company?
3. Definition & Characteristics
4. Different Type Of Entities:
a. On Basis Of Liability
b. On Basis Of Registration
5. Small Company
6. Private Company
7. Public Company
8. Unlimited Company
9. Foreign Company
10. Government Company
11. Holding, Subsidiary, Associate Company
12. Investment Companies
13. Promoters
14. Incorporation Of Registration
15. MOA, AOA
16. Tata Sons Vs Cyrus Mistry
17. Vodafone Tax Case
An informative article outlining the key differences between a Private Limited Company and a Limited Liability Partnership, alongside the respective advantages and disadvantages of each.
1. Origin Of Companies Act in India
2. What is a Company?
3. Definition & Characteristics
4. Different Type Of Entities:
a. On Basis Of Liability
b. On Basis Of Registration
5. Small Company
6. Private Company
7. Public Company
8. Unlimited Company
9. Foreign Company
10. Government Company
11. Holding, Subsidiary, Associate Company
12. Investment Companies
13. Promoters
14. Incorporation Of Registration
15. MOA, AOA
16. Tata Sons Vs Cyrus Mistry
17. Vodafone Tax Case
An informative article outlining the key differences between a Private Limited Company and a Limited Liability Partnership, alongside the respective advantages and disadvantages of each.
Difference between a public and a private company under Companies Act, 2013CA Sachin D Jain
Difference between a Public Limited Company and a Private Limited Company as per the provisions contained in the Companies Act, 2013 and relevant rules and regulations prescribed thereunder.
Companies Act, 2013 – certain privileges of private companies withdrawnD Murali ☆
The Companies Act, 2013 – Certain privileges of private companies withdrawn - by Dr S. Chandrasekaran
(Published in Business Advisor dated September 25, 2013)
Conversion of partnership firm in to limited companyAmit Soni
This describes the step by step process for conversion (not take over) of a partnership firm in to Limited company as per the Companies Act, 2013. (The document is created in June 2014)
Greetings, We from B C Shetty & Co., Chartered Accountants are glad to help you out with the conversion process. The above slide is a small brief-up of what we do.
This discusses the Chapter II of Companies Act 2013 regarding the Incorporation of Company and its comparison with the provisions of Companies Act 1956
NO. FJ2 (49)/2021-LEGIS) THE LEGISLATION WAS RECEIVED ON DECEMBER 1, 2021 AFTER BEEN APPROVED BY THE PARLIAMENT HEREAFTER PROMULGATED ON DECEMBER 04, 2021 CALLED AS THE COMPANIES (AMENDMENT) ACT, 2021.
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The much awaited Companies (Amendment) Act, 2017 has seen the light of the day with the receipt of President’s assent on January 03, 2018. The Act is all set to address a wide number of practical difficulties which have been faced by various stakeholders.
Document and Procedure for Registration of Company.pptxAnkit910384
Naresh Goyal is a non-resident Indian businessman and founder Chairman of Jet Airways. He started operating Jet Airways in 1993 with initial seed money from Tail Winds incorporated, Isle of Man
An entity can be incorporated under three classes in the form of Company i.e. as a one person company, Private limited Company or a Public Limited Company. Public limited companies can be further classified as listed or unlisted public company.
To commence business as a private limited company is beneficial at initial stage as administration and management of a private limited company is less cumbersome than public limited company. However, owners of private limited company may convert their company into a public limited company if they consider it fit for their business and further expansion.
This presentation enumerates the provisions of company law with respect to change of name, change of object, shifting of registered office, appointment of directors, Section 25 company and charges.
Structuring of any business model can be done in various ways. Any person willing to set up a business may opt for any form of business depending upon his/ her need and requirement i.e. Sole Proprietorship, Partnership Firm, LLP, Society, Trust, Company etc.
It has been observed that people are generally inclined towards setting up of a Company because of the sense of reputation and features involved in this form of business besides the fact that running a company takes more effort than carrying any other form of business.
We already know that company can be categorised under various heads like one person company, private company, public company, section 8 companies etc. and companies act, 2013 has also specified the provisions for conversion from one category of company into another.
It often happens that a person carrying business in form of firm, LLP, society etc may want to convert its business into form of a Company. Say a partnership firm wants to convert itself into a company or a LLP thinks fit to run a company to carry its existing business instead of LLP. All these conversations are governed by the provisions of companies act 2013 (Act) which has specified the rules following which certain form of business can convert itself into company.
Similar to Convert private company into a public company (20)
Here we are going to see Challenges Faced in the Protection of Patent Rights – Patent Registration in Coimbatore to make you understand in a very clear manner.
We Solubilis one of the best professional companies register your IECode registration in Chennai. We have more than 5 years of experience in application of IE Code. Our team of professionals and dedicated individuals aims for the clients to be satisfied for our service.
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We are the leading corporate service provider in Coimbatore namely "Solubilis Corporate Services" . We offering services at affordable cost within specified time period.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
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In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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Business Valuation Principles for EntrepreneursBen Wann
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An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
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Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
[Note: This is a partial preview. To download this presentation, visit:
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
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CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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2. The public company has the following procedures prescribed in
the act for convert private limited company for their status.
Similarly, a public limited company can convert itself into a
private limited company.
3. A company which is initially incorporated as a private limited company. The
company can change its status into that of public limited company. The public
company has the following procedures prescribed in the act for conversion of
status. Similarly, a public limited company can convert itself into a private limited
company.
Circumstances for conversion of private limited company into public limited company
A private limited company can convert itself into a public
limited company in the following circumstances :
(a) voluntarily on its
own volition
(b) by reason of default
(c) by operation of law
4. Conversion of a private limited company into public limited
company on own volition
A private limited company can convert itself into a public limited company on its own volition by
complying with the following requirements :
(i) Change the company name by passing a special resolution in the manner provided in section
21. If any change in a company name. It can be occurred by passing a particular declaration.
Obtaining approval of the central government by delegation registrar of companies.
Approval of ROC is not necessary where the only difference in the name is the element thereto or
deletion therefrom of the word “Private” consequent on the conversion. In conformity with the
provisions of the act, of a public limited company into private limited company or a private
limited company into public limited company.
(ii) alter the articles to delete the prohibitions, restrictions and limitations contained in section
3(1).
(iii) increase the number of members to more than fifty.
5. A private limited company can convert itself into a public limited company
on its own volition by complying with the following requirements:
(I) Change the company name by passing a special resolution in the manner
provided in section 21. If any change in a company name. It can be
occurred by passing a particular declaration. Obtaining approval of the
central government by delegation registrar of companies.
Approval of ROC is not necessary where the only difference in the name is
the element thereto or deletion therefrom of the word “Private” consequent
on the conversion. In conformity with the provisions of the act, of a public
limited company into private limited company or a private limited company
into public limited company.
(ii) alter the articles to delete the prohibitions, restrictions and limitations
contained in section 3(1).
(iii) increase the number of members to more than fifty.
6. For conversion of a private company into a public company the
following steps are required to be taken
1.take the necessary decision in the board meeting. Define the agenda,
time, place for converting a meeting to alter the articles of association
consequently. The company name by particular resolution.
2.Issue notices for declaring the special declarations with eligible
informative statements in the general meeting.
3.Convene the meeting and pass the special declaration to the
following effect :
(i) To cancel those articles which are needed to be considered
in the articles of a private limited company only. Such other
articles why do not assign to a public limited company. It should
be cancelled and those which implement should be attached.
(ii) Consequent to the above changes, to delete the word
“Private” from its company name.
7. 4. The approval of central government by delegation registrar of companies to change of
name wherever necessary. Such registration is not required. Where the change relates only to
the addition to or deletion from the name. The word “Private” incidental on rectification.
5. Register either the description in the form as ordered under schedule II. The statement in
lieu of descriptions in the form as imposed under list IV within 30 days of passing the above
special resolution.
6. Filling of form no. 29 is not required by a private limited company converted into a public
limited company for their registration activities.
7. Register the special declaration passed and the explanatory statements in form No. 23 with
the registrar within 30 days of passing them. The Chennai (ROC) is required for their
registration.
8. Assign to the registrar for providing a fresh certificate of Registration in the changed name.
The present company name with the word “Private” deleted. On issue of such fresh certificate,
the company name is to be changed and converted a new company. It is the final stage of
registering a company registration.
It should thus be noted that company registration is to be finalized. The company becomes a
public limited company. The special resolution to change the articles to make it a public
limited company is passed. The change of a company name becomes effective. Only on the
issue of the fresh certificate of registration by the registrar in Chennai (ROC) for changed
company name.
8. Conversion of a private company into a
public company by reason of default
9. A private limited company is required by law to provide by its articles for the
following namely :
(i) restrictions on the rights to transfer its shares
(ii) restriction on the maximum number of its members which should not
exceed fifty.
(iii) prohibition on any request to the public to approve for any shares in or
debentures of the company registration is to be approved.
(iv) The period on any approval or invitation of deposits from persons other
than its directors, members or relatives.
Where a failure is made with the aforesaid restrictions, prohibition and limitation are not having in
the clauses of a private limited company. The company shall vanish to be a private limited company.
It shall not be authorized to the exemptions and privileges consulted on private company for
purposes of this act.
10. A petition praying for relief from consequences of failure to simply with
conditions constituting it a private limited company. It is to be form to the
regional bench of the company law board in Chennai authorities. The regulations
1991 along with an application fee of Rs.200/-by the following documents.
(i) Certified true copy of articles of association and memorandum
(ii) Copy of document showing that default has been involved in
following with the provisions ordered down in clause.
(iii) The legal document verifying the petition.
(iv) Bank draft showing payment of request fee.
(v) Memorandum of impression in Form No.5 of Annexure 1.