Tag - companies act 2013

ALTERATION IN THE MEMORANDUM & ARTICLES OF THE COMPANY

Section 13, Alteration in Memorandum: First of all, a special resolution is required to be passed in case the company wants to alter the memorandum.Alteration in Name:In case of change in name of the company, the approval of the central government in writing is required except if the change is only in a way of add or delete the word “Private” in the name of the company.After the change in the name of the company, a certified copy of [...]

CHARITABLE/SECTION 8 COMPANIES

Section 8, Formation of companies with charitable objects, etc. As per this section, a license is required to be obtained from the Central Government if  a person or an association of persons proposed to be registered under this Act as a limited company:Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object; Intends to apply its profits, if any, or other income in promoting [...]

Formation of a Company

Hello friends,Here we are starting our new series on Companies Act, 2013 and therefore initializing the same with the very 1st part which deals with the Basic provisions: Section 1: Applicability This Act extends to whole of India and it is applicable to:companies incorporated under this Act or under any previous company law, Insurance companies, except in so far as the said provisions are inconsistent with the provisions of the Insurance Act, 1938 or the Insurance Regulatory and Development Authority [...]