Law stated in this book is updated till 5th July, 2025
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8
DEMOCRACY OF
PROCEDURE OF GENERAL MEETING
RESTRICTIONS ON POWERS
MANAGERIAL PERSONNEL
DIVIDEND
PROCEDURAL COMPLIANCES BY A COMPANY
ISSUE OF SECURITIES
6.1 VARIOUS MODES OF RAISING CAPITAL
a Private Placement
b Public Issue Explanation
c Rights Issued
e fg
h provisoi j
Administration Powers to SEBI in respect of public issue of shares/debentures-
Write off of expenses of issue of shares or debentures
Explanation
6.1-1 Purposes for which shares can be issued by a company
Restrictions on buying of own shares by the company
Loan or guarantee by company to purchase its own shares
Provision of money for purchase of shares by trustees for benefit of employees
6.1-3 Income Tax provisions regarding expenses in issue of securities
Expenditure in issue of bonus shares is revenue expenditure CIT General Insurance CorporationBombay Burmah Trading CIT
6.2 ISSUE OF SHARES AT PREMIUM
Varying premium permissible CIT Standard Vacuum Oil Co
6.2-1 Securities premium account
Comat Infoscribe P Ltd. In re -
Zee Telefilms Ltd. In re
India Infoline Ltd. In re Hyderabad Industries Ltd. In re Parrys Confectionery Ltd. In re
DSM Anti Infectives India Ltd. In re -
6.2-2 Issue of shares at discount prohibited
Penalty for issue of shares at discountvide
Prohibition of issue of shares at discount not applicable when debt converted into shares under debt restructuring or insolvency resolution plan-
Para 6.2
6.2-3 Issue of shares otherwise than for cash
subject to the compliance with the applicable provisions of Chapter III and any other conditions as may be prescribed.
Disclosure in return of allotment
Quantum of stamp duty payable on agreement to issue shares other than cash -
Madura Mills Co. Ltd. In re Bhola Ram The Crown Raj Sachdev Board of Revenue Madura Mills Co. Ltd. In re
Liability of sales tax if issue is other than cash Premier Electro Mechanical Fabricators State of Tamilnadu
State of Tamil Nadu TMT Drill (P.) Ltd.
Disclosure in Financial Statement
Shares cannot be allotted without considerationPara
Para 6.3
Voting by Postal ballot if members exceed 200
Existing shares cannot be converted -
Bonus, rights available to these shares
Register of members to indicate shares with differential rights -
Shares issued under 1956 Act can continue under earlier rules
Explanation
6.3-3 Report of Board of Directors -
6.4 PRIVATE PLACEMENT OF SECURITIES vide
Explanation I
in a financial year excluding
- proviso
Para 6.4
Explanation III Sahara India Real Estate Corpn. Ltd. SEBI
Provisions do not apply to preferential issue made only to members proviso
Relaxations in case of Nidhi companies
Para 6.4
Special resolution by members or Board resolution
c
proviso c proviso
proviso
proviso
proviso
Body corporate or national of country which shares borders with India becoming member proviso
Offer letter only after filing of special or Board resolution with ROC
Offer to maximum 200 persons excluding ESOP i.e.
b
Requirements of offer cum application form -
Record of private placement in Form PAS-5
Receipt of payment through bank account of applicant only
Return of allotment in Form PAS.3 a
6.4-3 Debenture with option to convert into shares proviso
6.5 CONVERSION OF DEBENTURES OR LOANS INTO SHARES AS PER LOAN AGREEMENT
Approval in general meeting -
6.6 COMPULSORY CONVERSION OF DEBENTURES AND LOANS GIVEN BY CENTRAL GOVERNMENT INTO EQUITY SHARES OF THE COMPANY
Rs. 2395/-
COMPANY LAW READY RECKONER
AUTHOR : Taxmann's Editorial Board
PUBLISHER : Taxmann
DATE OF PUBLICATION : August 2025
EDITION : 17th Edition | August 2025
ISBN NO : 9789371261043
BINDING TYPE : Paperback
DESCRIPTION
Company Law Ready Reckoner is a comprehensive and practical reference on the Companies Act, 2013. Designed as an authoritative handbook, this book o ers a topic-wise, topic-oriented, and compliance-focused explanation of company law provisions. It spans the entire corporate lifecycle—from incorporation to winding-up—enriched with procedural guidance, statutory references, compliance checklists, and case laws. The Ready Reckoner brings together substantive law, procedural requirements, and governance standards in one accessible volume, making it indispensable for daily corporate legal practice and academic reference. This book is intended for the following audience:
• Corporate Professionals & Company Secretaries
• Lawyers & Legal Advisors
• Chartered Accountants & Cost Accountants
• Corporate Executives & Directors
• Academicians & Researchers
The Present Publication is the 17th Edition | 2025 and updated till 5th July 2025. This book is authored by Taxmann's Editorial Board with the following noteworthy features:
• [Comprehensive Coverage] All major aspects of company law from incorporation to liquidation
