The document provides an overview of the Memorandum of Association and Articles of Association under the Company Act of 1956 in India. It defines key clauses that must be included in the Memorandum of Association, such as the name, registered office, capital, liability, and association clauses. It also describes how the Memorandum can be altered. The document then explains the essential constituents of the Articles of Association and provisions that must be included. It concludes by describing the differences between the Memorandum and Articles of Association and the effects they have on members and the company.
corporate law (CL) Under company act 2013.
What is corporate law? The background of Companies Act 1956. What is the importance of this Act?
Memorandum of association. Doctrine of ultra vires. Articles of association. Doctrine of indoor management.
Memorandum of association and Articles of association and partnership deed an...Aniruddha Dey
An study on memorandum of association and Articles of association. It contains the difference between memorandum of association and Articles of association, partnership deed and sales agency agreement and effects of registration of Memorandum of association and Articles of association while incorporating a business. All precisely.
corporate law (CL) Under company act 2013.
What is corporate law? The background of Companies Act 1956. What is the importance of this Act?
Memorandum of association. Doctrine of ultra vires. Articles of association. Doctrine of indoor management.
Memorandum of association and Articles of association and partnership deed an...Aniruddha Dey
An study on memorandum of association and Articles of association. It contains the difference between memorandum of association and Articles of association, partnership deed and sales agency agreement and effects of registration of Memorandum of association and Articles of association while incorporating a business. All precisely.
Articles of association - Legal Environment of Business - Business Law - Comm...manumelwin
Articles are the regulations or bye-laws of a company for carrying into effect the objects of the company as defined by the company in its memorandum of association and for the management of its internal affairs.
Articles of association - Legal Environment of Business - Business Law - Comm...manumelwin
Articles are the regulations or bye-laws of a company for carrying into effect the objects of the company as defined by the company in its memorandum of association and for the management of its internal affairs.
Strategic role of compensation, strategic compensation policy, total compensa...Ramona Beharry
This PowerPoint deals with the Strategic role of compensation in the organization. States how you develop a total compensation strategy and also strategic compensation planning.
The Factories Act 1948 was an Act of Parliament passed in the United Kingdom by the Labour government of Clement Attlee. It was passed with the intention of safeguarding the health of workers. It extended the age limits for the medical examination of persons entering factory employment, while also including male workers in the regulations for providing seats and issuing extensive new building regulations.[
Principles of compensation management - compensation management - Manu Melwi...manumelwin
Compensation management is a sensitive and crucial aspect of human resource management as its adequacy or inadequacy can affect, either positively or negatively, the competitiveness of the organization due to higher attrition rates, low commitment etc.
This is about complete information about registration and incorporation of Companies Act. Easy understanding with keeping good thought in mind and you may not require more to search other sites.
Engineering Services or Product Engineering services is one of the fastest growing segments of Indian IT exports. It consist of services across mechanical, embedded, software and VLSI capabilities. It works on the product or product ecosystem of a technology company, accelerating time to market or enabling new technologies/features, or adding value in terms of R&D cost optimization.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
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This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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
2. The Company ACT of INDIA 1956 Prepared by AbhinavMohan(10DCP-052) AdeshMittal (10DCP-053) AdhipVarma(10DCP-054) AkankshaPandit(10DCP-055) AkashJauhari(10DCP-056) Alok Kumar Mishra (10DCP-057) AlokMunjal(10DCP-058) AniketPandey(10DCP-059) AnkitBhardwaj (10DCP-060) Under the guidance of Prof CMD P.K.Goel
9. Misleading Prohibition of use of certain names Ex: Name, emblem or official seal of UNO WHO Central and State government President and Governor Limited Public Company Private Limited Private Company If the company is promoting art, science, religion etc Limited and Private Limited can avoided with the permission of central government.
10.
11. Exact location of registered office should be intimated within 30 days
42. Essential constituents of Article of Association:- Provision on the company name Address and Domicile Purpose Share Capital Numbers Type of Shares General meeting of shareholders Voting rights Administration and Audit body Form of publishing notice
43. Provisions for Article of Association The name of Association The Registered office of the Association Purpose which includes the various verticals in which the business is going to be there with the objectives and long term goal of the company. Details of Share’s of Company and there classification and distribution. The rights of owner and the shareholder Details of all the Shared Certificates and Intermediated securities Share Register Power of general meetings which includes the duration of Annual general meeting , the voting rights and the weighted of each vote Presiding officers and the minutes of general meeting
44. Provisions for Article of Association Number of directors Term of office Organization of board , Remunerations Powers of board in general Delegations of Powers No of Auditors and Rights and Duties of Auditors Details of financial year of the company Business Report Appropriation of profit resulting from the balance sheet Notices Winding up.
45. Alterations of Articles Every company has the power to alter its articles of association by a special resolution. Limitations on the power of alteration 1) It must not be in contravention of the provisions of the Act. 2) The power of Alteration in the article is subject to the conditions contained in the MoA. 3)An Alteration cannot require a member to purchase more shares or increase his liability in any way except with his consent in writing.(s.38- effect of alteration in the MoA or AoA) 4)Alteration must not constitute a fraud on the Minority
49. Effects of Memorandum and Articles 1. Members bound to Company Each Member must observe the provisions of articles and memorandum. In Boreland Trustee vs. Steel Brothers – it was held that a even a insolvent member is bound to articles. Shareholders therefore cannot among themselves enter into an agreement which is contrary to articles.
50. Effects of Memorandum and Articles 2. Company bound to members A company is bound to its members by whatever is contained in its memorandums and articles. A member can restrain a company for spending money beyond its powers. A member can breach company for enforcement of personal right like voting in general meeting. Action of breach of article against company can be brought only by a majority of members.
51. Effects of Memorandum and Articles 3. Members bound to members Rights and duties as stated in articles binds members. Articles do not create a express contract between members. It is a company alone which can sue the offender so as to protect the aggrieved member.
52. Doctrine of constructive notice : A companies memorandum and article of association become a public documents on registration with the Registrar of companies . These doc’s are available for public inspection in the registrar’s office of fees prescribed Every person who deals with the company is deemed to know the content of these two doc’s—this is known as Doctrine of constructive notice. It is presumed that the person who deals with the company have not only read these doc’s but also understood their clear meaning. Therefore if a person enters into a contract , which is beyond the power of the company, he cannot acquire any rights under the contract against the company
53. Case: Case-kotla venkatswami v ram murthi-here all deeds were to be signed by the managing dir. The secretary ,and a working dir as per article of the company . Now Ram accepted deeds from the company which was signed by only two of them on behalf of the company . therefore ram could not claim under this deed
54.
55. -The rule is based on public convenience and justice and the following obvious reasons: The internal procedure is not a matter of public knowledge. An outsider is presumed to know the constitution of a company, but not what may or may not have taken place within the doors that are closed to him. 2. The lot of creditors of a limited company is not a particularly happy one; it would be unhappier still if the company could escape liability by denying the authority of officials to act on its behalf - The rule/doctrine is applied to protect persons contracting with companies from all kinds of internal irregularities
56. Exceptions to the rule: Knowledge of irregularity Negligence and suspicion of irregularity Representation through articles
57. CASE STUDY NUCLEAR POWER CORPORATION OF INDIA LIMITED (PUBLIC COMPANY LIMITED BY SHARES)