Explore the key differences between MoA and AoA under the Companies Act, 2013, and understand their roles in defining a company’s purpose and internal governance.
Corporate law
COMPROMISE AND ARRANGEMENT IN COMPANIES
The terms compromise and arrangements in company are similar to the meanings which we use in our day to day activities. Chapter 15 (section 230-240) contains the following provisions related to compromise and arrangements in companies Lets understand the terms...
THE TYPES OF COMPANIES UNDER COMPANY LAW 2013
As per Companies Act, 2013 companies in India are classified into different types based on structure, ownership and liability: Private Company: A company which restricts transfer of shares, It can be incorporated with minimum 2 members and maximum 200. Liability is...
Decentralized Shares and Companies Act’2013
In today’s corporate structure, the concept of ownership through holding decentralized shares is gaining attention because the functionality and the decision making processes inherent in companies are being made more democratic. The Companies Act, 2013 does not...
ULTRA VIRES
WHAT IS ULTRA VIRES? The latin term of the word ultra vires defines as beyond power. Any action which is performed beyond the power is said to be ultra vires act .When a business acts or engages into agreements that are outside of its legal authority as specified by...
DOCTRINES OF CONSTRUCTIVE NOTICE
This Doctrine saves the company from the outsiders.The Doctrine of Constructive Notice in company law holds that anyone dealing with a company is presumed to have knowledge of its Memorandum of Association and Articles of Association. Once these documents are...