Tag Archives | company

How to become a member of a company in India ?

Section 41 of the companies act 1956, defines a member as a person who has signed the memorandum of association and every other person who agrees in writing to become a member and whose name is entered in the register of members…

Brief note on the incorporation of a company in India

A company comes into existence when a number of persons come together with a view to exploit some business opportunity. These persons are called promoters. Under section 12, any seven or more persons may form an incorporated company…

Brief note on the Managing director of a company in India

Section 269 of the companies act, 1956 provides that in the case of a public company including a private company which is a subsidiary of the public company, the appointment of a managing director shall not have effect…

What are the privileges a private company enjoys in India ?

The provisions of the Companies Act apply to public and private companies alike. But certain provisions of the companies Act do not apply to a private company but are applicable to public companies. These may be regarded as the privileges or advantages of private company which are as under:

Brief note on a Public company

A public company means a company which is not a private company. There must be at least seven people to form a public company.

What do you meant by a Private company?

A private company means a company which by its articles restricts the right to transfer its shares, Limits the number of its member to fifty (excluding members who are or were in the employment of the company)…

Brief note on company and its characteristics

The word company ordinarily means an association of a number of individuals formed for some common object. When such an association is registered under the Companies Act, it becomes an artificial person…

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