Variation of Shareholders’ Rights. (1) Where a share capital of the company is divided into different classes of shares, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that class or by means of a special […]

Section 47 of The Companies Act, 2013 reads as – Voting rights (1) Subject to the provisions of section 43, sub-section (2) of section 50 and sub-section (1) of section 188],– (a) every member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution

Certificate of Shares (1) A certificate, 1[issued under the common seal, if any, of thecompany or signed by two Directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary], specifying the shares held by any person, shall be prima facie evidence of the title of the person to such shares. (2) A duplicate certificate of shares may be

Section 44 of The Companies Act, 2013 reads as – Nature of shares or debentures  The shares or debenture  or other interest of any  member in a company shall be movable property transferable in the manner provided by the  articles  of the company. The Companies Act, 2013 serves as the cornerstone for corporate governance in

Legal Text of Section 43 of the Companies Act, 2013 Section 43 of The Companies Act, 2013 reads as – Kinds of share capital The share capital of a company  limited by shares shall be of two kinds, namely:— (a) equity share capital— (i) with  voting right ; or (ii) with differential rights as to

Offer or Invitation for Subscription of Securities on Private Placement  (1) A company may, subject to the provisions of this section, make a private placement of securities. (2) A private placement shall be made only to a select group of persons who have been identified by the Board (herein referred to as “identified persons”), whose number shall

Global Depository Receipt A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as may be prescribed. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration |

Securities to be Dealt with in Stock Exchanges (1) Every company making public offer shall, before making such offer, make an application to one or more recognised stock exchange or exchanges and obtain permission for the securities to be dealt with in such stock exchange or exchanges. (2) Where a prospectus states that an application under sub-section (1) has been made, such prospectus shall also

Allotment of Securities by Company (1) No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospects as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other