Section - 44, Companies Act, 2013 Nature of shares or debentures . 44. The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company. Section - 45, Companies Act, 2013 Numbering of shares. 45. Every share in a company having a…...
Kinds of share capital . Section – 43, Companies Act, 2013
Section - 43, Companies Act, 2013 Kinds of share capital . 43. The share capital of a company limited by shares shall be of two kinds, namely:— (a) equity share capital— (i) with voting rights; or (ii) with differential rights as to dividend, voting or otherwise in accordance with such rules as may be prescribed; and (b)…...
Global depository receipt. Section – 41, Companies Act, 2013, Section – 42, Companies Act, 2013
Section - 41, Companies Act, 2013 Global depository receipt. 41. A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as may be prescribed. Section - 42, Companies Act, 2013 PART II PRIVATE PLACEMENT [Issue of shares on private…...
Action by affected persons. Section – 37, Companies Act, 2013, Section – 38, Companies Act, 2013
Section - 37, Companies Act, 2013 Action by affected persons. 37. A suit may be filed or any other action may be taken under or or by any person, group of persons or any association of persons affected by any misleading statement or the inclusion or omission of any matter in the prospectus. Section - 38,…...
Punishment for fraudulently inducing persons to invest money . Section – 36, Companies Act, 2013
Section - 36, Companies Act, 2013 Punishment for fraudulently inducing persons to invest money . 36. Any person who, either knowingly or recklessly makes any statement, promise or forecast which is false, deceptive or misleading, or deliberately conceals any material facts, to induce another person to enter into, or to offer to enter into,— (a) any agreement…...
Civil liability for mis-statements in prospectus. Section – 35, Companies Act, 2013
Section - 35, Companies Act, 2013 Civil liability for mis-statements in prospectus. 35. (1) Where a person has subscribed for securities of a company acting on any statement included, or the inclusion or omission of any matter, in the prospectus which is misleading and has sustained any loss or damage as a consequence thereof, the company…...
Criminal liability for mis-statements in prospectus . Section – 34, Companies Act, 2013
Section - 34, Companies Act, 2013 Criminal liability for mis-statements in prospectus . 34. Where a prospectus, issued, circulated or distributed under this Chapter, includes any statement which is untrue or misleading in form or context in which it is included or where any inclusion or omission of any matter is likely to mislead, every person who…...
Issue of application forms for securities. Section – 33, Companies Act, 2013
Section - 33, Companies Act, 2013 Issue of application forms for securities. 33. (1) No form of application for the purchase of any of the securities of a company shall be issued unless such form is accompanied by an abridged prospectus: Provided that nothing in this sub-section shall apply if it is shown that the form of…...
Red herring prospectus. Section – 32, Companies Act, 2013
Section - 32, Companies Act, 2013 Red herring prospectus. 32. (1) A company proposing to make an offer of securities may issue a red herring prospectus prior to the issue of a prospectus. (2) A company proposing to issue a red herring prospectus under sub-section (1) shall file it with the Registrar at least three…...
Shelf prospectus. Section – 31, Companies Act, 2013
Section - 31, Companies Act, 2013 Shelf prospectus. 31. (1) Any class or classes of companies, as the Securities and Exchange Board may provide by regulations in this behalf, may file a shelf prospectus with the Registrar at the stage of the first offer of securities included therein which shall indicate a period not exceeding one…...