NCLT

Significance of Share Certificate

Introduction The act of the company’s Board of Directors appropriating a specified number of shares from the company’s previously un-appropriated capital to persons who have submitted applications for shares is referred to as “allotment.” Allotment must be made by proper…

Forged Transfer 

Shares, like every other movable property can also be transferred from one person to another. Section 56 of the Companies Act, 2013 (the ‘Act’) provides for a proper procedure which needs to be followed for the transfer of shares.

Doctrine Of Constructive Notice 

Introduction Section 2(20) of the Companies act, 2013 defines a company as “a company incorporated under this act or under any previous company law”. Incorporation is a legal procedure by which a company comes into existence. After the company has…

Lifting of Corporate Veil

Introduction The concept of ‘Corporations’ dates back to the 16th century when institutions were established for the public good and not for generating profits. These corporations were in the form of non- profit organizations, hospitals and educational institutions working for…