Companies and business entities may register as unlimited, limited by shares, or limited by guarantee under specified statutory conditions. Companies and various business entities may register under this Part as an unlimited company, a company limited by shares, or a company limited by guarantee, subject to statutory exceptions. Companies previously registered under the Indian Companies Acts of 1882, 1913 or 1956 are excluded. A company limited by shares must have permanent paid-up or nominal share capital divided into shares or stock and be constituted on the principle that its members are the holders of such shares or stock. Registration requires member assent at a general meeting; conversion to a limited company by a previously unlimited company requires at least three-fourths assent when present.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Companies and business entities may register as unlimited, limited by shares, or limited by guarantee under specified statutory conditions.
Companies and various business entities may register under this Part as an unlimited company, a company limited by shares, or a company limited by guarantee, subject to statutory exceptions. Companies previously registered under the Indian Companies Acts of 1882, 1913 or 1956 are excluded. A company limited by shares must have permanent paid-up or nominal share capital divided into shares or stock and be constituted on the principle that its members are the holders of such shares or stock. Registration requires member assent at a general meeting; conversion to a limited company by a previously unlimited company requires at least three-fourths assent when present.
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