Section 333: Disclaimer of Onerous Property

This article discusses the concept of section 333 of the companies act, 2013 which enables the company liquidator to get rid of onerous property by disclaiming it along with important legislations.

Section 287: Advisory Committee

This article explains the concept of advisory committee, its composition and function during the winding up of the company under section 287 of the companies act, 2013.

Section 326: Overriding Preferential Payments

This article explains the concept of winding up of company and priority of preferential payments under section 320 of the companies act, 2013 and the difference in the conditions of winding up under insolvency and bankruptcy code, 2016.

Section 203: Appointment of Key Managerial Personnel

This article explains the concept of appointment of key managerial personnel and its application under section 203 of the companies act, 2013. It also mentions the recent amendment of 2019 along with landmark judgments.

Section 320: Distribution of Property of a Company

This article discusses about section 320 of the companies act, 2013 which states the procedure for voluntary liquidation of a company which has been omitted. It also focuses on the application of the same under the insolvency and bankruptcy code, 2016 along with important judgements.

Section 30: Advertisement of Prospectus

This article briefly describes the meaning of prospectus which is basically a document inviting deposits from the public or a document-inviting offer from the public for the subscription of shares or debentures of the company. It also includes provision for allotment of securities and lay down methods and procedures used by companies to raise money.

Section 40: Securities to Be Dealt with in Stock Exchange

The article focuses on section 40 of the companies act, 2013 which enumerates certain conditions that must be complied with, when a company is raising money, through public issue. Also, it is very important that the company must obtain permission from the stock exchange before making a public offer of the shares/ debentures. It also discusses about the important judicial pronouncements related to the same section.

Section 32: Red Herring Prospectus

This article mainly focuses on the explanation and understanding of section 32 of the companies act, 2013. This will give in depth understanding of the concept and obligations with respect to issue of a red herring prospectus, which is one of the types of prospectus, by a company proposing to make an offer of securities. It also focuses on the importance of this prospectus from the perception of an investor.

Section 66: Reduction of Share Capital

This article explains section 66 of the companies act, 2013 which states the procedure and disclosure requirements for reduction of share capital along with important judicial pronouncement on the same.

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