This Blog is related to Corporate Laws like, The Companies Act, 1956; Securities & Exchange Board of India Act, 1992; Listing Agreements; Securities Contract & Regulation Act, 1956; The Depositories Act, 1996 and many other laws.
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Question
Can Private Company be coverted in the Partnership firm?
Answer
Private company can not be converted to Partnership/Propreitor ship firm.
It has only 2 options
(1) Convert it as the Public Company
(2) Convert it as the LLP
And LLP is the...
Question
If after appointing the Additional Director the limit for the directors is going to extend beyond 12. In such case is permission of Central Government is required?
Answer
Central Government permission is required.
First we elaborate the...
Question
Can Prmoter pledge their share in the Lock-In Period?
Answer
Lock-in period is given so, that promoters do not sell their shares. But, If they require mony or they simply want extra money then they can pledge shares.
Question
What are the Duties and Responsibilities of Sleeping Director? How they get their salary?
Answer
There is no concept of Sleeping director under the companies act, 1956.
However, there is provision related to Independend Director (Non...
Question
Why the Company Act, 1956 provides for the Proportional Representation System for Director's Appointment?
Why the Option is Available to Public Company Only?
Answer
The Logic behind that System is as follows:
From Centuries, People are doing...