PPT - Company Act 2013 | Business Laws for CA Foundation PDF Download

 Page 1


CONTENT:
? Introduction 
? Definition of company
? Characteristics of company
? Types of company
? Formation of company
? Memorandum of association
? Article of association
? Prospectus
? Public deposits
? Share & Share capital
? Allotment of Shares
? Members
? Meetings
? Winding up
Page 2


CONTENT:
? Introduction 
? Definition of company
? Characteristics of company
? Types of company
? Formation of company
? Memorandum of association
? Article of association
? Prospectus
? Public deposits
? Share & Share capital
? Allotment of Shares
? Members
? Meetings
? Winding up
Introduction:
? The Companies Act 2013 is an Act of the Parliament of 
India which regulates incorporation of a company, 
responsibilities of a company, directors, dissolution of a 
company.
? The 2013 Act is divided into 29 chapters containing 470 
sections and 7 schedules.
? The Act has replaced The Companies Act, 1956 (in a partial 
manner) after receiving the assent of the President of 
India on and with only 98 provisions 29 August 2013. 
? The Act came into force on 12 September 2013 with few 
changes like earlier private companies maximum number of 
member was 50 and now it will be 200. A new term of "one 
person company" is included in this act that will be a private 
company of the Act notified.
? Another 184 sections came into force from 1 April 2014
Companies Act, 2013
Page 3


CONTENT:
? Introduction 
? Definition of company
? Characteristics of company
? Types of company
? Formation of company
? Memorandum of association
? Article of association
? Prospectus
? Public deposits
? Share & Share capital
? Allotment of Shares
? Members
? Meetings
? Winding up
Introduction:
? The Companies Act 2013 is an Act of the Parliament of 
India which regulates incorporation of a company, 
responsibilities of a company, directors, dissolution of a 
company.
? The 2013 Act is divided into 29 chapters containing 470 
sections and 7 schedules.
? The Act has replaced The Companies Act, 1956 (in a partial 
manner) after receiving the assent of the President of 
India on and with only 98 provisions 29 August 2013. 
? The Act came into force on 12 September 2013 with few 
changes like earlier private companies maximum number of 
member was 50 and now it will be 200. A new term of "one 
person company" is included in this act that will be a private 
company of the Act notified.
? Another 184 sections came into force from 1 April 2014
Companies Act, 2013
Definition:
A company is an artificial 
person created by law. It 
has separate legal entity,  
perpetual succession, and 
common seal. 
Companies act, 2013
Page 4


CONTENT:
? Introduction 
? Definition of company
? Characteristics of company
? Types of company
? Formation of company
? Memorandum of association
? Article of association
? Prospectus
? Public deposits
? Share & Share capital
? Allotment of Shares
? Members
? Meetings
? Winding up
Introduction:
? The Companies Act 2013 is an Act of the Parliament of 
India which regulates incorporation of a company, 
responsibilities of a company, directors, dissolution of a 
company.
? The 2013 Act is divided into 29 chapters containing 470 
sections and 7 schedules.
? The Act has replaced The Companies Act, 1956 (in a partial 
manner) after receiving the assent of the President of 
India on and with only 98 provisions 29 August 2013. 
? The Act came into force on 12 September 2013 with few 
changes like earlier private companies maximum number of 
member was 50 and now it will be 200. A new term of "one 
person company" is included in this act that will be a private 
company of the Act notified.
? Another 184 sections came into force from 1 April 2014
Companies Act, 2013
Definition:
A company is an artificial 
person created by law. It 
has separate legal entity,  
perpetual succession, and 
common seal. 
Companies act, 2013
Companies act, 2013
Characteristics of company:
1. Artificial person : the company becomes artificial person after    
registration, it means that company hold property, enter into contracts , 
borrow or lend money on its own name.
2. Separate legal entity : the company has a separate legal entity, it 
means it is independent from its members.
3. Perpetual existence : it means the company is not affected by death, 
lunacy or insolvency of its member. 
4. Limited liability : Since the company has separate legal entity, its 
shareholders only liable for their liabilities not the liable for debts of the 
company.
5. Separate property : a company, being a legal person, is capable of 
owing, using & disposing of property  in its own name.
6. Common seal : the company have its own common seal. The symbol of 
seal is the signature of director of company, because company is an 
artificial person 
Page 5


CONTENT:
? Introduction 
? Definition of company
? Characteristics of company
? Types of company
? Formation of company
? Memorandum of association
? Article of association
? Prospectus
? Public deposits
? Share & Share capital
? Allotment of Shares
? Members
? Meetings
? Winding up
Introduction:
? The Companies Act 2013 is an Act of the Parliament of 
India which regulates incorporation of a company, 
responsibilities of a company, directors, dissolution of a 
company.
? The 2013 Act is divided into 29 chapters containing 470 
sections and 7 schedules.
? The Act has replaced The Companies Act, 1956 (in a partial 
manner) after receiving the assent of the President of 
India on and with only 98 provisions 29 August 2013. 
? The Act came into force on 12 September 2013 with few 
changes like earlier private companies maximum number of 
member was 50 and now it will be 200. A new term of "one 
person company" is included in this act that will be a private 
company of the Act notified.
? Another 184 sections came into force from 1 April 2014
Companies Act, 2013
Definition:
A company is an artificial 
person created by law. It 
has separate legal entity,  
perpetual succession, and 
common seal. 
Companies act, 2013
Companies act, 2013
Characteristics of company:
1. Artificial person : the company becomes artificial person after    
registration, it means that company hold property, enter into contracts , 
borrow or lend money on its own name.
2. Separate legal entity : the company has a separate legal entity, it 
means it is independent from its members.
3. Perpetual existence : it means the company is not affected by death, 
lunacy or insolvency of its member. 
4. Limited liability : Since the company has separate legal entity, its 
shareholders only liable for their liabilities not the liable for debts of the 
company.
5. Separate property : a company, being a legal person, is capable of 
owing, using & disposing of property  in its own name.
6. Common seal : the company have its own common seal. The symbol of 
seal is the signature of director of company, because company is an 
artificial person 
On the 
basis of 
liability
On the basis 
of number of 
members
On the basis 
of control
On the basis of 
ownership
On the basis 
of 
incorporation
Limited 
liability
Unlimited 
liability
Guarantee 
liability
Public 
company
Private 
company
Holding 
company 
Subsidiary 
company
Government 
company
Foreign 
company
Chartered 
company
Statutory 
company
Registered 
company