A company registered under companies act 2013 or previous applicable act and has in objects to, – Sports Promote commerce, art, science, education, research, social welfare, religion, charity, protection of environment or any such other object; And intends to apply its profits, if any, or other income in promoting its objective, intends to prohibit the
Incorporation of Company 7. (1) There shall be filed with the Registrar within whose jurisdiction the registered office of a company is proposed to be situated, the following documents and information for registration, namely:— (a) the memorandum and articles of the company duly signed by all the subscribers to the memorandum in such manner as
As per Section 6 of Indian Companies Act 2013 Memorandum and Articles of a Company can override. Provision in the Indian Companies Act 2013 regarding Act to override Memorandum and Articles of Company is as under. 6. Act to override memorandum, articles, etc Save as otherwise expressly provided in this Act (a) the provisions of
5. Articles (1) The articles of a company shall contain the regulations for management of the company. (2) The articles shall also contain such matters, as may be prescribed: Provided that nothing prescribed in this sub-section shall be deemed to prevent a company from including such additional matters in its articles as may be considered
4. Memorandum (1) The memorandum of a company shall state— (a) the name of the company with the last word “Limited” in the case of a public limited company, or the last words “Private Limited” in the case of a private limited company: Provided that nothing in this clause shall apply to a company registered
1. A company may be formed for any lawful purpose by: Seven or more persons, where the company to be formed is to be a public company; Two or more persons, where the company to be formed is to be a private company; or One person, where the company to be formed is to be
In this Act, unless the context otherwise requires,– (1) “abridged prospectus” means a memorandum containing such salient features of a prospectus as may be specified by the Securities and Exchange Board by making regulations in this behalf; (2) “accounting standards” means the standards of accounting or any addendum thereto for companies or class of companies
Short title, extent,commencement and application (1) This Act may be called the Companies Act, 2013. (2) It extends to the whole of India. (3) This section shall come into force at once and the remaining provisions of this Act shall come into force on such date as the Central Government may, by notification in the
A. Introducing the confusion May. Who would have thought that a one syllable word can cause so much of confusion! Yet, here we are interpreting the intention of the legislature in using the word ‘may’ in Section 23 of the Companies Act, 2013 (“2013 Act“) and its implications. The 2013 Act became effective in stages
50. Trustee may not charge for services.—In the absence of express directions to the contrary contained in the instrument of trust or of a contract to the contrary entered into with the beneficiary or the Court at the time of accepting the trust, a trustee has no right to remuneration for his trouble, skill and