Company Law 2e  
Published by Vijay Nicole Imprints Private Limited
Publication Date:  Available in all formats
ISBN: 9789393161765

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"The Companies Act 2013 is an important legislation which governs the structure, management and conduct of the affairs of companies. The Companies Act 2013 comprises of 470 Sections and 7 Schedules. The Companies Act provides greater accountability, enhanced disclosure practices and better board governance for companies. This book provides a simple, concise and student friendly exposition to the subject. It is designed to cover the syllabi of B.Com., M.Com and M.B.A degree courses of all Universities."

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"The Companies Act 2013 is an important legislation which governs the structure, management and conduct of the affairs of companies. The Companies Act 2013 comprises of 470 Sections and 7 Schedules. The Companies Act provides greater accountability, enhanced disclosure practices and better board governance for companies. This book provides a simple, concise and student friendly exposition to the subject. It is designed to cover the syllabi of B.Com., M.Com and M.B.A degree courses of all Universities."

Table of contents
  • Cover
  • Halftitle Page
  • Title Page
  • Copyright Page
  • Contents
  • Preface
  • CHAPTER 1 NATURE OF A COMPANY
    • 1.1 Company – Meaning
    • 1.2 Company – Definition
    • 1.3 Characteristics of a Company
    • 1.4 Is Company a Citizen?
    • 1.5 Lifting of Corporate Veil
    • 1.6 Illegal Association
    • 1.7 Kinds of Company
    • 1.8 Body Corporate
    • 1.9 Special Privileges and Exemptions to a Private Company
    • 1.10 Distinction between a Private Company and a Public Company
    • 1.11 Distinction between Partnership and a Company
    • 1.12 Advantages of Association not for Profit companies
    • 1.13 Limited Liability Partnership (LLP)
    • 1.14 Distinction Between a Company and Limited Liability Partnership
    • 1.15 One Person Company
    • 1.16 Privileges granted to One Person Company
    • 1.17 Small Company
    • 1.18 Privileges of a Small Company
    • 1.19 Investment Company
    • 1.20 Producer Companies
    • 1.21 Dormant Companies
    • 1.22 Public Financial Institution
    • 1.23 Review Questions
  • CHAPTER 2 FORMATION OF A COMPANY
    • 2.1 Introduction
    • 2.2 Who is a Promoter?
    • 2.3 Legal Position of a Promoter
    • 2.4 Duties of Promoters
    • 2.5 Remuneration of Promoters
    • 2.6 Liabilities of Promoters
    • 2.7 Pre-incorporation Contracts
    • 2.8 Pre-Registration Requirements
    • 2.9 Registration / Incorporation of a Company
    • 2.10 Certificate of Incorporation
    • 2.11 Allotment of Corporate Identity Number
    • 2.12 Certificate of Commencement of Business
    • 2.13 Distinction between Certificate of Incorporation and Certificate of Commencement of Business
    • 2.14 Documents to be filed with Registrar of Companies at the time of incorporation of a company
    • 2.15 Procedure for Conversion of Private Company into Public Company
    • 2.16 Procedure for Conversion of Public Company into a Private Company
    • 2.17 Review Questions
  • CHAPTER 3 MEMORANDUM AND ARTICLES OF ASSOCIATION
    • 3.1 Memorandum of Association – Meaning
    • 3.2 Memorandum of Association – Definition
    • 3.3 Purpose of Memorandum of Association
    • 3.4 Contents of Memorandum of Association
    • 3.5 Alteration of Memorandum of Association
    • 3.6 Doctrine of Ultra Vires
    • 3.7 Articles of Association – Meaning
    • 3.8 Articles of Association – Definition
    • 3.9 Importance of Articles of Association
    • 3.10 Distinction between Memorandum of Association and Articles of Association
    • 3.11 Registration of Articles
    • 3.12 Form and Signature of Articles
    • 3.13 Contents of Articles of Association
    • 3.14 Alteration of Articles of Association
    • 3.15 Doctrine of Constructive Notice
    • 3.16 Doctrine of Indoor Management
    • 3.17 Exceptions to the Doctrine of Indoor Management
    • 3.18 Legal Effect of Memorandum and Articles of Association
    • 3.19 Review Questions
  • CHAPTER 4 PROSPECTUS
    • 4.1 Prospectus – Meaning
    • 4.2 Prospectus – Definition
    • 4.3 Is it Compulsory for Every Public Company to Issue Prospectus?
    • 4.4 Public Offer
    • 4.5 Private Placement
    • 4.6 Red Herring Prospectus
    • 4.7 Shelf Prospectus
    • 4.8 Abridged Prospectus
    • 4.9 Deemed Prospectus / Prospectus by Implication
    • 4.10 Contents of Prospectus
    • 4.11 Registration of Prospectus
    • 4.12 Circumstances under which Registration of Prospectus must be Refused
    • 4.13 Mis-statement in Prospectus
    • 4.14 Remedies for Mis-statement in Prospectus
    • 4.15 Defences Available to Avoid civil and Criminal Liability
    • 4.16 Criminal Liability for Mis-statement in Prospectus
    • 4.17 Review Questions
  • CHAPTER 5 SHARES AND SHARE CAPITAL
    • 5.1 Share – Meaning
    • 5.2 Share – Definition
    • 5.3 Kinds of Share Capital
    • 5.4 Equity Shares – Meaning
    • 5.5 Preference Shares – Meaning
    • 5.6 Types of Preference Shares
    • 5.7 Distinction between Equity Shares and Preference Shares
    • 5.8 Issue of Sweat Equity Shares
    • 5.9 Conditions for issue of Sweat Equity Shares
    • 5.10 Inclusion about the details of Sweat Equity Shares in Board's Report
    • 5.11 Stock
    • 5.12 Distinction between Shares and Stock
    • 5.13 Raising of Capital by Issue of Shares
    • 5.14 Formalities to be complied while issuing Public issue of shares
    • 5.15 SEBI Guidelines for Public issue of shares
    • 5.16 Issue of Shares at a Premium
    • 5.17 Issue of Shares at a Discount
    • 5.18 Share Certificate
    • 5.19 Share Warrant
    • 5.20 Distinction between Share Certificate and Share Warrant
    • 5.21 Rights Shares
    • 5.22 Guidelines for issuing Rights Shares
    • 5.23 Issue of Shares to Persons other than Existing Shareholders
    • 5.24 Procedure for Issue of Rights Shares
    • 5.25 Bonus Shares
    • 5.26 Guidelines for Bonus Issue
    • 5.27 Procedure for Issue of Bonus Shares
    • 5.28 Distinction between Rights Shares and Bonus Shares
    • 5.29 Forfeiture of Shares
    • 5.30 Surrender of Shares
    • 5.31 Transfer of Shares
    • 5.32 Transfer of Shares in Depository Mode
    • 5.33 Benefits of Depository System
    • 5.34 Dematerialization of Shares
    • 5.35 Procedure for Dematerialization of Shares
    • 5.36 Re-materilization of Shares
    • 5.37 Procedure for Re-materialization of Shares
    • 5.38 Refusal by the Board to register Transfer of Shares
    • 5.39 Transmission of Shares
    • 5.40 Distinction between Transfer of Shares and Transmission of Shares
    • 5.41 Blank Transfer
    • 5.42 Forged Transfer
    • 5.43 Certification of Transfer
    • 5.44 Share Capital – Meaning
    • 5.45 Different Kinds of Share Capital
    • 5.46 Alteration of Share Capital
    • 5.47 Reduction of Share Capital
    • 5.48 Reduction of Capital without the Sanction of the Tribunal
    • 5.49 Diminution of Share Capital
    • 5.50 Reduction of Capital Vs Diminution of Capital
    • 5.51 Lien on Shares
    • 5.52 Lien Vs Forfeiture
    • 5.53 Alteration of Share Capital Vs Reduction of Share Capital
    • 5.54 Review Questions
  • CHAPTER 6 MEMBERSHIP
    • 6.1 Who are Members?
    • 6.2 Member – Definition
    • 6.3 Minimum and Maximum Number of Members
    • 6.4 Modes of Acquiring Membership
    • 6.5 Who can become Members?
    • 6.6 Joint Members
    • 6.7 Every Shareholder of a Company Known as a Member
    • 6.8 Every Member may not be known as a Shareholder
    • 6.9 Cessation of Membership
    • 6.10 Rights of a Member
    • 6.11 Liabilities of Members Assets
    • 6.12 Register of Members
    • 6.13 Default in maintaining Register of members
    • 6.14 Index of Members
    • 6.15 Inspection of Register of Members and Index of Members
    • 6.16 Closure of Register of Members
    • 6.17 Foreign Register
    • 6.18 Rectification of Register of Members
    • 6.19 Preservation at Registers
    • 6.20 Expulsion of a Member
    • 6.21 Review Questions
  • CHAPTER 7 BORROWING POWERS AND CHARGES
    • 7.1 Borrowing Powers – Introduction
    • 7.2 Methods of Borrowing Money
    • 7.3 Types of Borrowings
    • 7.4 Ultra Vires Borrowing
    • 7.5 Charge – Meaning
    • 7.6 Charge – Definition
    • 7.7 Types of Charge
    • 7.8 Fixed Charge
    • 7.9 Floating Charge
    • 7.10 Crystallization of Floating Charge
    • 7.11 Registration of Charges
    • 7.12 Certificate of Registration of Charges
    • 7.13 Time Limit for Extension of Registration
    • 7.14 Consequences of Non-Registration
    • 7.15 Register of Charges to be maintained by the Company
    • 7.16 Register of Charges to be kept by the Registrar
    • 7.17 Satisfaction of Charges
    • 7.18 Mortgage – Definition
    • 7.19 Distinction between a Charge and Mortgage
    • 7.20 Essentials of Mortgage
    • 7.21 Terms involved in Mortgage
    • 7.22 Kinds of Mortgages
    • 7.23 Review Questions
  • CHAPTER 8 DEBENTURES
    • 8.1 Debentures – Meaning
    • 8.2 Debentures – Definition
    • 8.3 Features of Debentures
    • 8.4 Kinds of Debentures
    • 8.5 Debenture Stock
    • 8.6 Debenture Trust Deed
    • 8.7 Disqualification of Debenture Trustee
    • 8.8 Duties of Debenture Trustee
    • 8.9 Debenture Redemption Reserve
    • 8.10 Register of Debenture Holders
    • 8.11 Distinction between Debentures and Shares
    • 8.12 Review Questions
  • CHAPTER 9 COMPANY MANAGEMENT
    • 9.1 Introduction
    • 9.2 Key Managerial Personnel
    • 9.3 Who may be appointed as a Director?
    • 9.4 Director Identification Number
    • 9.5 Ceiling Limit on Directorship
    • 9.6 Qualifications of Directors
    • 9.7 Disqualifications of Directors
    • 9.8 Legal Position of Directors
    • 9.9 Appointment of Directors
    • 9.10 Vacation of Office of Directors
    • 9.11 Removal of Directors
    • 9.12 Retirement of Directors by Rotation
    • 9.13 Resignation of Directors
    • 9.14 Powers of Directors
    • 9.15 Duties of Directors
    • 9.16 Liabilities of Directors
    • 9.17 Remuneration to Directors
    • 9.18 Appointment of Key Managerial Personnel
    • 9.19 Managing Director – Definition
    • 9.20 Appointment of Managing Director
    • 9.21 Disqualifications of Managing Director
    • 9.22 Meaning of Manager
    • 9.23 Disqualification of Manager
    • 9.24 Remuneration of Manager
    • 9.25 Distinction between Managing Director and Manager
    • 9.26 Register of Key Managerial Personnel
    • 9.27 Register of Contracts in which Directors are Interested
    • 9.28 Review Questions
  • CHAPTER 10 COMPANY MEETINGS
    • 10.1 What is a Meeting?
    • 10.2 Kinds of Meeting
    • 10.3 Annual General Meeting
    • 10.4 Time Limit for convening the First Annual General Meeting
    • 10.5 Time Limit for Conducting Subsequent Annual General Meetings
    • 10.6 Extension of Time
    • 10.7 Notice of the Annual General Meeting
    • 10.8 Purpose Object of holding Annual General Meeting
    • 10.9 Business transacted at an Annual General Meeting
    • 10.10 Defaults in Holding Annual General Meeting
    • 10.11 Extraordinary General Meetings
    • 10.12 Who may call Extraordinary General Meetings?
    • 10.13 Class Meetings
    • 10.14 Meetings of Creditors and Debenture Holders
    • 10.15 Meetings of the Board of Directors
    • 10.16 Notice of the Board Meeting
    • 10.17 Time and Place of Board Meetings
    • 10.18 Agenda
    • 10.19 Minutes of the Board Meeting
    • 10.20 Quorum for Board Meetings
    • 10.21 Requisites of a Valid Meeting
    • 10.22 Quorum for General Meetings
    • 10.23 Can one Member constitute a Quorum?
    • 10.24 Proxy
    • 10.25 Form of Proxy
    • 10.26 Voting and Demand for Poll
    • 10.27 Chairman
    • 10.28 Powers of Chairman
    • 10.29 Duties of Chairman
    • 10.30 Motion
    • 10.31 Resolutions
    • 10.32 Ordinary Resolution
    • 10.33 Matters Requiring Ordinary Resolution
    • 10.34 Special Resolution
    • 10.35 Matters Requiring Special Resolution
    • 10.36 Resolutions Requiring Special Notice
    • 10.37 Circulation of Member’s Resolution
    • 10.38 Minutes of General Meeting
    • 10.39 Registration of Resolutions and Agreements
    • 10.40 Adjournment of Meeting
    • 10.41 Postponement of Meeting
    • 10.42 Distinction between Adjournment and Postponement
    • 10.43 Review Questions
  • CHAPTER 11 DIVIDENDS
    • 11.1 Dividend – Meaning
    • 11.2 Kinds of Dividend
    • 11.3 Divisible Profits
    • 11.4 Transfer of Profits to Reserves
    • 11.5 Can All Companies Declare Dividend?
    • 11.6 Sources out of which Dividends may be paid
    • 11.7 Can Dividends be paid out of Capital?
    • 11.8 Payment of Dividends out of Capital Profits
    • 11.9 Dividend on Preference Shares
    • 11.10 Dividend on Equity Shares
    • 11.11 Interim Dividend
    • 11.12 Distinction between Interim Dividend and Final Dividend
    • 11.13 Rules regarding Payment of Dividend
    • 11.14 Time Limit for Payment of Dividend
    • 11.15 Dividend Warrants
    • 11.16 Unclaimed and Unpaid Dividends
    • 11.17 Investor Education and Protection Fund
    • 11.18 Utilization of Investor Education Protection Fund
    • 11.19 Review Questions
  • CHAPTER 12 ACCOUNTS AND AUDIT
    • 12.1 Introduction
    • 12.2 Books of Account – Definition
    • 12.3 Place of Keeping Books of Account
    • 12.4 Copies of Documents and Deeds to be Maintained by the Company
    • 12.5 Inspection of Books of Account
    • 12.6 Persons Responsible for Keeping Proper Books of Account
    • 12.7 Financial Statements
    • 12.8 Preparation and Presentation of Final Statements
    • 12.9 Authentication of Accounts
    • 12.10 Board’s Report
    • 12.11 Circulation of Financial Statements
    • 12.12 Adoption of Financial Statements
    • 12.13 Filing of Financial Statements
    • 12.14 Who can be appointed as an Auditor?
    • 12.15 Disqualifications of Auditor
    • 12.16 Appointment of First Auditors
    • 12.17 Appointment of Subsequent Auditors
    • 12.18 Tenure of Auditors
    • 12.19 Reappointment of Retiring Auditors
    • 12.20 Appointment of Auditor other than Retiring Auditor
    • 12.21 Compulsory Rotation of Auditors
    • 12.22 Rotation of Auditors
    • 12.23 Casual Vacancy
    • 12.24 Ceiling on Audits
    • 12.25 Auditor not to Render Certain Services
    • 12.26 Internal Audit
    • 12.27 Branch Audit
    • 12.28 Rights of Auditor
    • 12.29 Duties of Auditor
    • 12.30 Removal of Auditor
    • 12.31 Resignation of Auditor
    • 12.32 Removal of Tribunal
    • 12.33 Review Questions
  • CHAPTER 13 WINDING UP
    • 13.1 Winding Up – Meaning
    • 13.2 Modes of Winding Up
    • 13.3 Winding Up by the Tribunal
    • 13.4 Petition for Compulsory Winding Up
    • 13.5 Commencement of Winding Up
    • 13.6 Procedure for Winding Up Order
    • 13.7 Provisional Liquidator
    • 13.8 Company Liquidator
    • 13.9 Removal and Replacement of Liquidator
    • 13.10 Winding Up Committee
    • 13.11 Submission of Report by Company Liquidator
    • 13.12 General Powers of Tribunal in case of Winding Up by Tribunal
    • 13.13 Dissolution of Company
    • 13.14 Consequences of Winding Up Order by the Tribunal
    • 13.15 Powers of Tribunal
    • 13.16 Statement of Affairs
    • 13.17 Powers & Duties of Company Liquidator
    • 13.18 Voluntary Winding Up
    • 13.19 Declaration of Solvency
    • 13.20 Meeting of Creditors
    • 13.21 Commencement of Voluntary Winding Up
    • 13.22 Consequences of Voluntary Winding Up
    • 13.23 Appointment of Liquidator in Voluntary Winding Up
    • 13.24 Notice of Appointment of Company Liquidator to be Given to ROC
    • 13.25 Powers and Duties of Company Liquidator in Voluntary Winding Up
    • 13.26 Appointment of Committees
    • 13.27 Company Liquidator to Submit Report on Progress of Winding Up
    • 13.28 Report of the Tribunal for Examination of Persons for Suspected Fraud
    • 13.29 Final Meeting and Dissolution
    • 13.30 Costs of Voluntary Winding Up
    • 13.31 Preferential Payments
    • 13.32 Order of Priority
    • 13.33 Powers and Duties of Company Liquidator in Voluntary Winding Up
    • 13.34 Contributory - Meaning
    • 13.35 Persons Liable as Contributories
    • 13.36 Review Questions
  • QUESTION PAPERS
    • April 2015
    • April 2012
    • April 2011
    • April 2010
    • April 2009
    • April 2008
  • Index
Biographical note

Dr. S. Thothadri is Assistant Professor in Corporate Secretaryship. He holds a doctorate in Corporate Secretaryship. He has co-authored books on Business Law and Legal Aspect of Business and has published several articles on various topics like HR, E-Commerce and Information Technology in reputed journals. He has over 13 years of teaching experience and his areas of interest include Accounting, Finance, Law and Taxation.

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