Answer: Unless otherwise stipulated in the Articles of Association of the Company, there is a legal deadline for the issuance of a share certificate. After your initial registration, the Company`s share certificates must be issued to shareholders within two months – usually at the first meeting of the Board of Directors. A corporation must then issue the share certificate representing these shares within two months of the allocation of the shares. After each transfer of shares, the same two-month period applies. In the 19th century, it was common for project developers to sell their own property at an inflated price to a newly formed company or acquire assets for the company and receive a commission from the seller. If the general meeting of the company cannot be held within the period laid down in Article 96(1) of the Companies Act 2013, the company may, for certain reasons, apply to the Registrar for an extension of the general meeting. Under the third provision of Article 96(1) of the Companies Act 2013, the Registrar may grant an extension of the general meeting of up to 3 months. 84. A prospectus replacement statement must be issued __ Details of the general meeting may be communicated to shareholders electronically if permitted by your company`s articles of association. 71. The Reserve Bank of India is an example of ____. 14. A company`s most important document is its__________.
100. A project that is not to contribute to existing profits should by___________ be funded. 70. Which of the following reports should be submitted to Parliament by a state-owned enterprise? Upon request, the Société must provide the member with a copy of the minutes of the annual general meeting within seven days of the request. If the minutes are not provided within seven days of the request, the Company will be liable to a fine of Rs 25,000 and any officer of the Company in default will be fined Rs 5,000. The affidavit must be signed by a lawyer involved in the formation of the corporation or by one of the persons appointed as a director or secretary. A share purchase warrant is a “title deed” to the bearer of the shares issued by the Company under its common seal and duly stamped and signed by one or more directors of the Company in accordance with the articles. 3. The articles of association may be amended only in the manner and to the extent provided for by law, while the articles of association, which are only the articles of association of the company, may be amended by special resolution.
For other companies, the Annual General Meeting must normally be held within 6 months of the end of the financial year. It is therefore clear that convenience is only acquired by companies for their first general meeting. Answer: Formulating a set of goals in preparing for the meeting is the first and most important step, as participants focus on what they need to accomplish during that session if they have a goal for the meeting. Goals must be realistic and measurable to be achievable. 52. A private company is intended to become a public limited company if its average turnover in the last three years In principle, Article 96(1) of the Companies Act 2013 2013 2 lays down the deadlines or conditions for setting the due date for holding the general meeting. These two conditions must be taken into account when determining the date of the general meeting. The period between two is the due date for the holding of the general meeting: 1. Knowledge of the irregularity: According to the rule of internal administration, the advantage cannot be invoked if a person dealing with a company is aware of the irregularity in its internal management. 2. Acts are null and void from the outset and falsified: The doctrine of internal management will not be applied if the acts performed on behalf of the company are void from the outset.
The doctrine applies only to irregularities that might otherwise affect an authentic transaction. It does not apply to counterfeits. A company cannot be held responsible for counterfeits committed by its managers. 3. Lack of knowledge: A person who is not aware of the statutes cannot apply for protection from the internal administration. 4. Negligence: If the irregularities are discovered by the person dealing with a company in the course of appropriate investigations, he will not be able to avail himself of the rule of internal administration. The protection of the rule is not possible if the circumstances of the contracts are so suspicious that they give rise to investigations and outside persons dealing with the company do not carry out appropriate investigations. A company cannot be registered as a public limited company unless it has a minimum allocated share capital of £50,000, of which at least a quarter has actually been paid. A public company must have at least two shareholders and at least two directors. Answer: Liquidation, which is subject to court review, is different from “judicial liquidation”. Here, the court only supervises the liquidation procedure.
The resolution on dissolution is taken by the members of the General Assembly. It is only for certain reasons that the court can review the liquidation proceedings. The court may also impose certain special conditions. However, creditors, contributors or others are free to seek redress from the court. Design any legal document in minutes from a library of 200+ templates. 57. Which of the following characteristics are characteristics of a business? B. Foreigners should inquire about due process. However, in the case of a first ordinary general meeting, the company may hold the general meeting less than nine months after the close of the first financial year. In such cases, where the first general meeting is already held, it is not necessary to hold a general meeting during the foundation year. Please note that the interval between two general meetings must not exceed 15 months.
C. if less than 25% of the paid-up share capital of a corporation is held by the corporation. They must inform all shareholders at least 21 days in advance before a general meeting is held. A shorter notice period may be granted if all members entitled to participate and vote agree. One. The company`s assets are the property of its shareholders An organization must submit a request for an extension of the compliance period to the general meeting. However, it is important that the filing date is in advance. The data therefore vary from case to case. In accordance with Article 2 (41) of the Companies Act 2013, the duration of the financial year ends on 31 March. If a business begins after January 1, the corporation`s fiscal year ends on March 31 of the following year. The period of 6 months or 9 months for the holding of the Annual General Meeting is calculated from the end of March.
Here is an example that shows the same thing: 49. Distinction between a public company and a private company? 86. The subscription commission paid or agreed may not exceed _____. 104. The holders of debt securities of a corporation are companys__________.
