company

Class Action Suit

Class Action Suit under the Companies Act, 2013: Explained!

In India, the Companies Act, 2013 provides for class action suits in case of fraud, mismanagement, or oppression by the company’s management. Members of a company, Investors, or any other person can file an application before the National Company Law Tribunal seeking relief through a class action suit. This article tries to analyse the concept of Class action suits along with the laws governing it in India. The author also sheds light on the landmark cases related to class action suits in India.

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Ownership Structure of Companies in India

Ownership Structure of Indian Companies: All You Must Know

A company cannot succeed just on the strength of a wonderful idea and an investment. You must select a particular structure of the company before starting a firm in India. It’s crucial to have a specific structure that ensures the firm will run smoothly In India, there are many different types of business structures in use, including sole proprietorship, partnership firms, one-person corporations, private limited companies, and public limited companies. The following article discusses the organizational structure in Indian companies.

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Promoters of a Company

Promoters of a Company: All You Need to Know

A promoter is a person who selects a notion for the formation of a specific business at a given place and executes the numerous processes required to launch a firm. A promoter is a person who determines the concept for establishing a certain business in a given area and completes the numerous formalities required for starting a business. A promoter is also the individual who establishes the business. A promoter may be a person, a business, a group of people or a business, or any combination of the three. This article covers the definitions, legal positions, and obligations of the promoters of the company.

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Shares: Meaning and types

Shares: Meaning and types in a listed or unlisted company

A company’s whole capital is divided into shares. Each share, which represents one ownership position in a company, is auctioned off so that the company may generate money. There are two types of shares: equity shares and preference shares. If you possess equity shares, you may vote at the company’s annual general meetings (AGMs) and get a portion of its earnings and profits. This sort of shareholder is required to participate in both the earnings and losses of the firm in which they have invested. This article covers the meaning of shares and types and classifications of shares into equity shares, preference shares, and DVRs available in the market.

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