It was explained already that the central government, on its own or on the recommendation of the tribunal (for the time being the company law board till the tribunal is established). It shall appoint one or more inspectors to investigate the affairs of the company which may be in response to the report of the …
Appointment of a private company as sole selling agent
A solicitor was a director of a public limited company for which he was a solicitor. The solicitor was also interested in a private limited company of the same group which was appointed as the sole selling agent of the public limited company. It was held that the vote of the interested director in the …
Appointment of additional directors and alternate director
Additional Director The appointment at a board meeting or by a resolution passed by circulation. The person appointed can act as director up to date of next annual general meeting but he can be formally appointed at that meeting as per the provisions. Alternate director The board nay appoint an alternate director only if this …
Company start its business after incorporation
Private Limited Company A private limited company on start its business quickly on its registration. But, the section 149 is not applicable to it. Public Company A public limited company cannot start a business until it has received the certificate to start business from the registrar of companies under section 149. A company has …