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Article of Association of Company is a document which is termed as the constitution of the company. The other document with the same position is Memorandum of Association. As per Companies Act, 2013, AOA governs the running of company. Also, it governs setting out voting rights of shareholders, conduct of shareholders’ and directors’ meetings, powers […]
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SEBI’s establishment was in the year 1988 but were given statutory power in the year 1992. The basic aim of SEBI was to protect the investors in securities. There a lot of fraud being committed in the securities market wherein the investor’s money was misused and therefore SEBI was formed. Herein we will discuss about […]
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Secondary Market basically means a market where securities are traded after them being exchanged through the primary market. It is called a market where second-hand securities are sold. It includes both equity and debt market. Securities and Exchange Board of India as a regulatory authority was established under section 3 of SEBI Act 1992 in […]
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Government Company as per section 2(45) of the Companies Act, 2013 means “any company in which not less than 51% of paid-up capital is held by the Central Government, or by any State Government, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a […]
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Banking Company as per section 5 of Banking Regulation Act, 1949 means “accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawn by Cheque, Draft, Order, or otherwise.” Now, we all know that Indian economy is a bank based economy. The economic status […]
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Amidst the national wide indignation over the gang-rape of eight-year-old girl in Kathua, Jammu and Kashmir, Union cabinet, according to reports, has approved the ordinance of Amendment of POCSO Act, 2012 and promulgated to amend the punishment in the case of rape of minor, below 12 years of age. The present amendment would provide the […]
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Transfer of securities means a change in the ownership of the shared title either through a private arrangement or through an exchange transaction. SECTION 56 UNDER COMPANIES ACT As per section 56 of the Companies Act, a company will register the transfer of securities only when it is duly stamped, dated and then executed by […]
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INTRODUCTION Company Law Board in India was an entity that was given the power of adjudication of company law case. After the amendment in Companies Act in year 2013, this power was given to National Company Law Tribunal. This power came by the notification from Ministry of Corporate Affairs. The basis of this notification was […]
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INTRODUCTION Securities and Exchange Board of India (SEBI) had been established in India primarily in order to protect the interest of the investors. It makes various rules and regulations in order to control the security market. This role of SEBI becomes more prominent when they are making rules for primary market. Primary market is the […]
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Mutual Funds in general means an investment scheme that provides a pool of securities to be invested in various entities such as stocks, shares etc. and is managed by an asset management company. In recent years, the mutual funds have been famous among middle class. The middle class have been the primary reason for the […]
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Asset Management Company in simple terms means an organisation that manages the whole affairs of the mutual fund. The clients associated with the AMC have high resources than other investors and want to invest in different portfolios. The company therefore helps the investors to invest in different avenues which they otherwise would not be in […]
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Securities Appellate Tribunal (SAT) has been constituted in order to perform the quasi judicial functions. SAT has been established under section 15K of the Securities and Exchange Board of India Act, 1992. It is located in Mumbai. The Securities and Exchange Board of India has been empowered with protection of the interests of investors. In […]
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