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Monthly Archives: May 2017

Feasible Duties Of Director

PREVIOUS COMPANY ACT In the previous Company Act, the duties and the interests of the directors were not focused. The Companies Act, 1956 contained no...

Security Over Immovable Property

INTRODUCTION- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest, 2002 defines in S. 2(zf) security interest as “‘security interest’ means,...

Crystallization Of Floating Charges

INTRODUCTION: Section 2(16) of the Companies Act 2013, define charges as “means an interest or lien created on the property or assets of a company...

Rights Of Mortgagor And Mortgagee

A.  RIGHT OF REDEMPTION The essential right vested with a mortgagor in a mortgage is a right of redemption, which transfers back to the mortgagor,...

Power of a Company to Reduce Its Share Capital

  INTRODUCTION As per Section 66 of the Companies Act 2013- “Subject to confirmation by the NCLT on an application by the company, a company limited by...

Disqualification Of Auditors

INTRODUCTION According to the provision under Section 141 (1) of the Companies Act, 2013 “a person shall be eligible for appointment as an auditor of...

Inter-Corporate Loans And Investments

INTRODUCTION Under the Companies Act, 2013 Inter-Corporate Loans and Investment plays a very vital role for the growth of industries as there is result in...

Producer Companies- Treatment Under Indian Corporate Law

INTRODUCTION There was a bill which was introduced by Ministry of company Affairs India which was based on the report which was submitted by high...

Equity and Preference Shares

INTRODUCTION The company has the right to should be kind of shares which are equity shares and preference shares. Equity shares are also known as...

Difference Between Assignment And Charge

INTRODUCTION The charges are defined under the Companies Act and the government under the Section 77, Section 78, Section 79, Section 89 and the rules...

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