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Law relating to section 8 companies (non-profit organisation)

INTRODUCTION Section 8 of the Companies Act, 2013 provides for a mechanism through which an Association can be registered as a Company, if such association is formed for promoting commerce, art, science, sports, education, research, social welfare, Charity, religion, protection of environment or any other useful object and intends to apply its profits/income in promoting [...]

Law Relating to Appointment, Resignation & Removal of Company Directors

INTRODUCTION The company must have a Board of Directors for the smooth functioning of its affairs. It is the directors under whose supervision, the management team, run the business affairs of the company. A Director may act as Executive or non-executive director of the company. As per Companies Act, 2013 [Act], a company shall have [...]

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