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The Companies Act Course Code: SEBICA


56 Min. By-Sahil Makkar 239 views
Companies Act-Phase (I & II) Share capital and debentures
Lecture Detail:

- Calls on shares of same class to be made on uniform basis.

- Company to accept unpaid share capital, although not called up.

- Payment of dividend in proportion to amount paid-up.

- Application of premiums received on issue of shares. - Prohibition on issue of shares at discount.

- Issues of sweat equity shares.

- Issue and redemption of preference shares.

- Transfer and transmission of securities.

- Punishment for personation of shareholder.

- Refusal of registration and appeal against refusal.

- Rectification of register of members.

- Publication of authorised, subscribed and paid-up capital.

- Power of limited company to alter its share capital.

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