ACT FOR ACTS
The ISO 9000 certification is a great performance for any company and it surely calls for celebration. After the excitement is created by ISO 9000 certification is over, there is likely to be a general tendency to relax. If this is not checked, it will defeat the very purpose of establishing a quality system. Implementing ISO 9000 is not a […]
Continue reading »The sick industrial companies act 1985 has been repealed. It have been brought into the companies’ act 1956. It is suitable with modifications as sections 424A to 424L and are placed under the jurisdiction of the national company law tribunal composed under section 10FB of the said act pursuant to the company’s act 2002. It is expected that the tribunal […]
Continue reading »A company may be spoiled by the board in the following circumstances: If the company has a special resolution passed at a general meeting of members resolved that the company be wound-up by the tribunal. If the company does not start its business within a year of registration or excludes its business for the total years. If the number of […]
Continue reading »The minutes of resolution by posted ballot deemed to have been passed in a general meeting. As the resolutions in respect of the businesses listed in rule 4 are required under the act to be passed in general meetings, it is also shown that the resolutions by postal ballot have been deemed to have passed in general meetings by the […]
Continue reading »At annual general meeting, the performance of the company in the last financial year and to consider the question of payment of dividend and of reappointment of directors and of auditors. Accordingly section 173 of the act prescribes that business other than the following that may be considered at every annual general meeting are special business: The statement of dividend […]
Continue reading »Corresponding Law This section corresponding to section 18 of the Trade and Merchandise Marks Act, 1958. Summary of the Provision in this chapter Chapter III deals with the procedure for registration and its duration. The stages prior to registration under section 23 are set out in sections 18 to 22. The application is made under section 18. The trademark […]
Continue reading »Raising of funds by issue of debentures or bonds is also a source of long-term capital for a company like share capital. Persons who subscribed to the shares of a company are its owners while debenture holders are its creditors. Shares and debentures are however, securities and the provisions of the companies act 1956 regulate their issue and protect the […]
Continue reading »Given in the section hold good unless the context otherwise requires. Where the context shows an intention repugnant to the meaning given in the definition, the context must prevail. Otherwise the meanings given in the section must govern even though they may not trade, in any case, be identical with that given to the expression in its ordinary or legal […]
Continue reading »The effect of trademark registration parts may consists various points that consult on the proprietor rights of the trademark. Policy and Object The object of the legislature was to relieve traders from the necessity of disclaiming and I think it follows from this, that the condition is one for the imposition of which some goods reason ought to be […]
Continue reading »Time when right issue conditions will not apply Up to two years from the public limited company registration, it may issue shares privately subject to the conditions that all such private issues may be completed within a period of one year from the date of first allotment of shares by the company. It shall be ensured that no private […]
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