Difference Between Pre Incorporation Contracts & Provisional Contracts: A company being an artificial person can contract only through its agents. A contract will be binding on a company only, if it is made on its behalf by any person acting under its authority, express or implied. The powers of the company are defined by its … Read more
Procedure for Transfer of shares. Procedure for transfer of shares under companies act, 2013. Check Share Transfer Procedure, My this article talks about the transfer procedure and analysis regarding the transfer of shares from one person to another, what is meant by that, what are the conditions, in which section it has been mentioned, what … Read more
Corporate Frauds and Auditors Responsibility , The Companies Act, 2013, has introduced several new reporting requirements for statutory auditors. Section 143(12) requires statutory auditors to report to the government about frauds / suspected fraud committed against the company by the officers or employees of the company. The ministry of corporate affairs has also introduced the … Read more