Tag Archives: Company Law Notes

Company Law

The history of Indian Company Law began with the Joint Stock Companies Act of 1850. Since then a cumulative process of amendment and consolidation brought us to the most comprehensive and complicated piece of legislation, the Companies Act 1956. The Companies Act 2013 has replaced Companies Act 1956. The Act has 470 sections and 7 schedules as against… Read More »

Redemption of Preference Shares by a Company Limited by Shares

Redemption of Preference shares by a Company Limited by Shares Key Considerations: A company may redeem its preference shares only on the terms on which they were issued or as varied after due approval of preference shareholders under section 48 of the Act. The preference shares may be redeemed: At a fixed time or on the happening of… Read More »

Procedure for Declaration and Payment of Interim Dividend by the Board of Directors

In accordance with the provisions of sub-section (3) of section 123, the Board of Directors of a company may declare interim dividend during any financial year out of the surplus in the profit and loss account and out of profits of the financial year in which such interim dividend is sought to be declared. Key Considerations: A company… Read More »