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

Section 49 of The Companies Act, 2013 reads as – Calls on shares of same class to be made on uniform basis.  Where any calls for further share capital are made on the shares of a class, such calls shall be made on a uniform basis on all shares falling under that class. Explanation.—For the

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 |