Sweat equity shares means equity shares issued by a company to its employees or directors at a discount (to the market price) or for consideration other than ...

Shelf Prospectus:  The expression shelf prospectus means a prospectus in respect of which the securities or dais of securities ...

Procedure of Alteration of Registered Office Clause. Shifting of the Registered Office outside the local limits of any city, town or village:  The ...

The doctrine of ‘Indoor Management’ states that an outsider is not bound to look into the formalities of company’s own internal functioning or the company’s ...

Abridged Prospectus: Abridged Prospectus means a memorandum containing such salient features of a prospectus as may be specified by the Securities and ...

Legal position of Directors: It is difficult to define the exact legal position of the directors of a company. In various judgments, directors of a company ...

Forfeiture of Shares Forfeiture of Shares means the termination of membership of a shareholder and taking away his shares by way of a penalty for not ...

Illegal Association:  An illegal Association is governed by Section 464 of the Companies Act. Section 464 of the Act provides that no company, ...

Lifting of Corporate Veil, The term Corporate Veil means that in the eyes of law, company is a separate legal entity distinct from its members. Veil means a ...

Private Company As per Section 2 (68), of the Companies Act, 2013, a private company means a company which has minimum paid-up capital of rupees ...

A company is a legal person and is different from its members. The property of the company belongs to the company alone and the members can not claim ...

Advantages and disadvantages of incorporation are as follows:  Advantages of Incorporation: Independent Legal Entity : A company is an artificial legal ...