A company is a business entity registered under the Companies Act. It is a legal entity with a separate identity from its members or operates. Therefore, it can be considered an artificial person created by the law. In terms of the Companies Act, 2013 (Act No. 18 of 2013), a “company” means a company incorporated under the Act [i.e. Companies Act, 2013] or under any previous company law [Section 2(20)].
ACCOUNTS OF COMPANIES (CHAPTER IX) BOOKS OF ACCOUNTS TO BE KEPT BY THE COMPANY (S. 128) Every business must create... Read More
APPOINTMENT OF AUDITORS (S. 139) UNDER COMPANY LAW Each company must appoint an individual, or a firm, as an auditor ... Read More
COMPROMISES, ARRANGEMENTS, AND AMALGAMATIONS (CHAPTER XV) COMPROMISING AND MAKING ARRANGEMENTS W/ THE CREDITORS &... Read More
DEBENTURES (CHAPTER IV) BORROWING A trading company can borrow money even though it does not have the power in its... Read More
DECLARATION AND PAYMENT OF DIVIDENDS (CHAPTER VIII) SOURCES OF DIVIDEND PAYMENT Dividend refers to the portion of ... Read More
DIRECTORS (CHAPTERS XI, XII, AND XIII) COMPANY AND THEIR BOARD OF DIRECTORS (S. 149) Each company must have a Boar... Read More
OTHER PROVISIONS UNDER COMPANY LAW FAUD AND ITS PUNISHMENT (S. 447) Anyone who has been discovered guilty of fraud... Read More
INSPECTION, INQUIRY, AND INVESTIGATION (CHAPTER XIV) POWER TO CALL FOR INFORMATION, INSPECT BOOKS AND CONDUCT ENQUIRI... Read More
MEETINGS (CHAPTER VII) ANNUAL GENERAL MEETINGS (S. 96) Every business, excluding one particular company, is entitl... Read More
PROSPECTUS AND ALLOTMENT OF SECURITIES (CHAPTER III) PROSPECTUS DEFINITION A public entity, however, not a private... Read More
REGISTERED VALUERS (CHAPTER XVII) VALUATION BY RENEWED VALUERS (S. 247) To comply with the Act, it is essential to... Read More
NATURE OF COMPANY AND REGISTRATION The term "company" is not a strictly legal or technical definition. &quo... Read More
SECURITIES IN TERMS OF COMPANY LAW ALLOTMENT OF SECURITIES (S. 39) The distribution of forms for application to th... Read More
SHARE CAPITAL AND DEBENTURES (CHAPTER IV) The capital amount with which the company will be registered must be stated... Read More
SPECIAL COURTS UNDER COMPANY LAW ESTABLISHMENT OF SPECIAL COURTS (S.435) Companies Amendment Act, 2017 (Act 1 2018... Read More
CONCEPT OF WINDING UP UNDER COMPANY LAW Winding up refers to the end of a company's life and the administration o... Read More
