Goods and Services Tax (GST) is a comprehensive indirect tax system that was introduced in India on July 1, 2017, replacing a complex web of previous taxes. GST is designed to streamline the taxation process and create a unified tax structure across the country.
Memorandum of association and its clauses under company law is an important document to start and associate the company.
Doctrine of Ultra Vires under Company Law is an important doctrine which circumfixed the company within the objects as mentioned in memorandum of association.
A corporation is an artificial being, invisible, intangible and existing only in contemplation of law.” “It has neither a mind nor a body of its own. “A living person has
Corporate personality is the fact stated by the law that a company is recognized as a legal entity distinct from its member. A company with such personality..
The chief advantage of incorporation from which all others follow is the separate legal entity of the company. In reality, however, the business of the legal person is always carried on by, and for the benefit of
The liability of a shareholder to pay the full value of the shares held by him is enforced by making “calls” for payment. Every shareholder is under a statutory liability to pay the full amount of his shares
Shares are defined under Section 2(84) of the Companies Act, 2013, as share in the share capital of a company and includes stocks. Shares are issued
Allotment of shares means the company allots shares to the general public. It is the distribution of shares among the applicants.Statutory provisions of
Surrender of means return of the partly paid shares by the shareholders voluntarily to the company for cancellation of the shares for which no payment
A meeting may be generally defined as a gathering or assembly or getting together of a number of persons for transacting any lawful business. There must
“company” means a company incorporated under The Companies Act, 2013 or under any previous company law. The Indian Companies Act, 2013
The Indian Companies Act, 2013
Forfeiture is the remedy available to the company for Non-payment of calls or Instalments of call or other sums as premium: due in respect of shares.
A company is a legal entity which is formed by a group of people to run a different kind of business, in other words, it is a voluntary association of persons
The concept of shareholders democracy in the present-day corporate world denotes the shareholders supremacy in the governance
A company is composed of members, though it has its own separate legal entity. The members of a company are the persons who, for the time being
Any member of the company who has a complaint that the company’s operations are running in an oppressive manner or that any major change
The company is an artificial person and is capable of entering contracts in its own legal capacity. The separate legal entity feature is awarded to most of the business