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Companiesact 1956 1212048890287425 8

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Companies Act, 1956 IMI
Meaning and Definition of a Company ,[object Object],[object Object]
Characteristic Features ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Companies ,[object Object],[object Object]
Private Company [Section 3(1)(iii)] ,[object Object],[object Object],[object Object]
Private Company …contd. ,[object Object],[object Object],[object Object]
Private Company …contd. ,[object Object],[object Object]
Public Company [Section 3(1)(iv)] ,[object Object],[object Object],[object Object],[object Object]
How to form a company? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Promotion ,[object Object],[object Object],[object Object],[object Object]
Legal Position of a Promoter ,[object Object],[object Object],[object Object]
Pre-incorporation contracts ,[object Object],[object Object],[object Object],[object Object]
Registration/Incorporation ,[object Object],[object Object],[object Object],[object Object]
Steps ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Steps …contd. ,[object Object],[object Object],[object Object],[object Object]
Steps …contd. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Steps …contd. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Steps …contd. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Certificate of Incorporation ,[object Object],[object Object]
Conclusiveness of Certificate of Incorporation (Section 35) ,[object Object],[object Object],[object Object],[object Object]
Provisional Contracts ,[object Object],[object Object],[object Object]
Raising of Capital ,[object Object],[object Object],[object Object],[object Object]
Commencement of Business (Section 149) ,[object Object],[object Object],[object Object],[object Object]
Commencement of Business …contd. ,[object Object],[object Object]
Commencement of Business …contd. ,[object Object],[object Object],[object Object]
Memorandum of Association ,[object Object],[object Object],[object Object],[object Object]
Contents of Memorandum ,[object Object],[object Object],[object Object]
Contents of Memorandum ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Doctrine of Ultra-Vires ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Contents of Memorandum ,[object Object],[object Object],[object Object]
Alteration of Memorandum ,[object Object],[object Object],[object Object],[object Object]
Alteration of Memorandum ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Alteration of Memorandum ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Alteration of Memorandum ,[object Object],[object Object]
Articles of Association ,[object Object],[object Object]
Companies which must have Articles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Companies which must have Articles …contd. ,[object Object],[object Object],[object Object],[object Object]
Alteration of Articles ,[object Object],[object Object]
Doctrine of Constructive Notice ,[object Object],[object Object],[object Object],[object Object]
Exceptions of Indoor Management ,[object Object],[object Object],[object Object],[object Object]
Prospectus ,[object Object]
Prospectus … contd. ,[object Object],[object Object],[object Object]
What constitutes Invitation to Public ,[object Object],[object Object],[object Object],[object Object]
Mis-statement in a Prospectus and its consequences ,[object Object],[object Object],[object Object],[object Object]
Remedies Liability for Mis-statements in a Prospectus Civil Liability (Sec.62 & 56) Criminal Liability (Sec. 63) Against the Company Against the Promoters, Directors, other Officers and Experts Against the Company Against the Promoters, Directors and Other officers (not available against experts) Rescission of Contract Claim for Damages Damages Compensation under Sections 62 and 56 Fine upto Rs. 50,000 Imprisonment upto 2 years Fine upto Rs.50,000 Both
Share and Share Capital ,[object Object]
Kinds of Shares ,[object Object],[object Object],[object Object],[object Object],[object Object]
Kinds of Shares … contd. ,[object Object],[object Object],[object Object],[object Object]
Allotment of Shares ,[object Object],[object Object],[object Object]
Allotment of Shares … contd. ,[object Object],[object Object],[object Object],[object Object]
Administration/Management of a company ,[object Object]
Powers which are exerciseable only by the shareholders. ,[object Object],[object Object]
Powers …contd. ,[object Object],[object Object]
Powers …contd. ,[object Object],[object Object]
Powers …contd. ,[object Object],[object Object]
Qualifications and Disqualifications for Directors ,[object Object],[object Object]
Disq ualifications ,[object Object],[object Object],[object Object],[object Object]
Disq ualifications …contd. ,[object Object],[object Object]
Disq ualifications …contd. ,[object Object],[object Object],[object Object]
Number of Directorships ,[object Object],[object Object],[object Object],[object Object]
No. of Directorships …contd. ,[object Object],[object Object],[object Object],[object Object]
Remedies Criminal Liability (Sec. 63) Civil Liability (Sec.62 & 56) Both Fine upto Rs.50,000 Imprisonment upto 2 years Compensation under Sections 62 and 56 Damages Liability for Mis-statements in a Prospectus Damages Compensation under Sections 62 and 56 Imprisonment upto 2 years Fine upto Rs.50,000 Both Rescission of Contract Claim for Damages Fine upto Rs. 50,000 Against the Promoters, Directors and Other officers (not available against experts) Against the Company Against the Promoters, Directors, other Officers and Experts Against the Company Civil Liability (Sec.62 & 56) Criminal Liability (Sec. 63)

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  • 45. Remedies Liability for Mis-statements in a Prospectus Civil Liability (Sec.62 & 56) Criminal Liability (Sec. 63) Against the Company Against the Promoters, Directors, other Officers and Experts Against the Company Against the Promoters, Directors and Other officers (not available against experts) Rescission of Contract Claim for Damages Damages Compensation under Sections 62 and 56 Fine upto Rs. 50,000 Imprisonment upto 2 years Fine upto Rs.50,000 Both
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  • 62. Remedies Criminal Liability (Sec. 63) Civil Liability (Sec.62 & 56) Both Fine upto Rs.50,000 Imprisonment upto 2 years Compensation under Sections 62 and 56 Damages Liability for Mis-statements in a Prospectus Damages Compensation under Sections 62 and 56 Imprisonment upto 2 years Fine upto Rs.50,000 Both Rescission of Contract Claim for Damages Fine upto Rs. 50,000 Against the Promoters, Directors and Other officers (not available against experts) Against the Company Against the Promoters, Directors, other Officers and Experts Against the Company Civil Liability (Sec.62 & 56) Criminal Liability (Sec. 63)