Fiduciary duties of directors in private limited company

Every private limited company is required to follow the statutory provisions contained in the companies act. The articles of association in relation to increase of capital, issue and allotment of shares and transfer of shares. Here we can see about fiduciary duties of directors in a private limited company. Issue of further shares Although section 81 of the companies act, […]

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What is Limited Liability Partnership (LLP)

The central government introduced the Limited Liability Partnership (LLP) Bill, 2006 in the Rajya Sabha on the 15th December, 2006. The parliamentary standing committee on Finance had examined the bill and made several recommendations and accordingly the government introduced a fresh bill during October 2008 and the bill has been passed by parliament and is assented to by the president […]

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Articles of Association (AoA)

Registration of Articles In terms of section 26 of the act, it is mandatory also to produce to the registrar, at the time of company registration, the articles of association, in the case of : Private Limited company by shares Company limited by guarantee, public or private limited Unlimited company, public or private limited Articles of a Public Company In […]

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Body corporate incorporated outside India

Body corporate incorporated outside India has both holding or subsidiary company has the act 1956. The company name without the word “LIMITED” or “PRIVATE LIMITED” in its name The central government has the power to registered a company that are formed as companies without the word “Limited” of “Private Limited” in their names. Minimum paid-up capital not applicable The requirement […]

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