Rectification of register of members (1) If the name of any person is, without sufficient cause, entered in the register of members of a company, or after having been entered in the register, is, without sufficient cause, omitted therefrom, or if a default is made, or unnecessary delay takes place in entering in the register, the fact […]

Refusal of registration and appeal against refusal (1) If a private company limited by shares refuses, whether in pursuance of any power of the company under its articles or otherwise, to register the transfer of, or the transmission by operation of law of the right to, any securities or interest of a member in the company, it shall within a period of thirty days from

Punishment for Personation of Shareholder If any person deceitfully personates as an owner of any security or interest in a company, or of any share warrant or coupon issued in pursuance of this Act, and thereby obtains or attempts to obtain any such security or interest or any such share warrant or coupon, or receives or attempts to receive

Transfer and Transmission of Securities 1) A company shall not register a transfer of securities of the company, or the interest of a member in the company in the case of a company having no share capital, other than the transfer between persons both of whose names are entered as holders of beneficial interest in the records of a depository, unless a proper instrument of transfer,

Issue and Redemption of Preference Shares (1) No company limited by shares shall, after the commencement of this Act, issue any preference shares which are irredeemable. (2) A company limited by shares may, if so authorised by its articles, issue preference shares which are liable to be redeemed within a period not exceeding twenty years from the date of their issue subject

Section 54 of the Companies Act 2013 reads as follows: Issue of Sweat Equity Share (1) Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already issued, if the following conditions are fulfilled, namely: — (a) the issue is authorised by a special resolution passed by the company; (b) the resolution specifies

Prohibition on Issue of Shares at Discount (1) Except as provided in section 54, a company shall not issue shares at a discount. (2) Any share issued by a company at a 1[discount] price shall be void. 2[(2A) Notwithstanding anything contained in sub-sections (1) and (2), a company may issue shares at a discount to its creditors when its debt is converted into shares

Application of premiums received on issue of shares. (1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a “securities premium account” and the provisions of this Act relating to reduction of share capital of

Section 51 of The Companies Act, 2013 reads as – Payment of dividend in proportion to amount paid-up. A company may, if so authorised by its articles , pay dividend in proportion to the amount paid- up on each share . The Companies Act, 2013 governs the functioning of companies in India, ensuring compliance with

Section 50 of The Companies Act, 2013 reads as – Company to accept unpaid share capital, although not called up  (1) A company may, if so authorised by its articles , accept from any  member  , the whole or a part of the amount remaining unpaid on any shares held by him, even if no