Alterations are common everywhere. The company must be responsible for the changes that occur in their memorandum, or article. Alteration in memorandum or article Companies Act, 1956: Section 40 Each and every alteration of memorandum or article is very important to be noted in every copy of the articles. Even the resolution used after such …
Formation of producer companies and conversion of co-operative societies into producer companies. In the existing scenario of economic activities in the country, it is generally felt that rural producers, whether individuals or co-operative societies, are at a disadvantage given their generally limited assets, resources, education and access to advanced technology. In the present circumstances it …
1. Check whether your company is likely to issue one or any combination of the following : (a) commercial paper (b) fixed deposit (c) non-convertible debentures (d) preference shares (e) fully convertible debentures to be converted before eighteen months of the issue. (f) partly convertible debentures maturing before eighteen months of the issue. (g) bonds …
(a)’”further public offer” means an offer of defined securities by a listed issuer to the public for subscription and contains an offer for sale of identified securities to the public. (b) “initial public offer” means an propose is described securities by an unlisted issuer to the public for subscription. 2. Make full disclosures about the …
