Tag: company act

Shell Company

All you need to know about Shell Company

Editorial TeamLeave a Comment on All you need to know about Shell Company

What is a shell company? At present, neither Companies Act, 2013 nor Companies Act, 1956 nor any other Act gives a definition for a Shell company. Efforts to define it are still being made and many recommendations have been considered. One suggestion was given by the Organisation for Economic Co-operation and Economic Development. The definition given was, “A shell […]

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government company

Government Company in India- Their Need and Legal Structure

Editorial TeamLeave a Comment on Government Company in India- Their Need and Legal Structure

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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