1. FEATURES OF COMPANY UNDER COMPANIES ACT ,2013
PRESENTED BY:-AMIT BACCHAWAT TRAINING FORUM

2. 2.REGISTERED UNDER COMPANIES ACT
1.VOLUNTARY ASSOCIATION
Even a company can be a member of other company.
2.REGISTERED UNDER COMPANIES ACT

3. 3.LEGAL ENTITY AND CORPORATE PERSONALITY
1. A company has a legal existence, which is distinct from that of members.
2.All assets and liabilities are held in the name of the company.
The members are not agent of the company.

4. Member may come and members may go, but the company goes on for ever.
4.LIMITED LIABILITY
Liability of members limited upto the face value of the share held by them.
5.PERPETUAL SUCCESSION
Member may come and members may go, but the company goes on for ever.

5. 8.COMMON SEAL- OPTIONAL NOWADAYS 9.OWNERSHIP AND MANAGEMENT
6.SHARE CAPITAL
7.TRANSFERABLE SHARES
8.COMMON SEAL- OPTIONAL NOWADAYS
9.OWNERSHIP AND MANAGEMENT

6. BODY CORPORATE INCLUDES
Every company incorporated is a body corporate .But every body corporate is not the company. Company means company incorporated under COMPANIES ACT.
BODY CORPORATE INCLUDES
FOREIGN COMPANY
INDIAN COMPANY
LLP IS A BODY CORPORATE IT HAS FEATURES OF BOTH COMPANY AND PARTNERSHIP.
Example:-Kabul express ltd.is a company in afganistan.is it a company?
Ans:-No , because it should be registered under INDIAN COMPANIES ACT but it is a body corporate.

7. Q. TRUE OR FALSE :- PARTNERSHIP FIRM IS A BODY CORPORATE?
Ans. False separate entity.
SOME COMMON ABBREVIATIONS
ROC:- REGISTRAR OF COMPANIES
MCA:-MINISTRY OF CORPORATE AFFAIRS
CLB:-COMPANY LAW BOARD ( )
NCLT:-NATIONAL COMPANY LAW TRIBUNAL

8. HOLDING AND SUBSIDIARY
TYPES OF COMPANIES
ON THE BASIS OF:-
LIABILITY
MEMBERS
CONTROL
ACCESS TO CAPITAL
OTHERS
Limited by
Government co.
HOLDING AND SUBSIDIARY
ONE PERSON CO.
LISTED
SHARES
UNLISTED
SMALL CO.
PUBLIC CO.
ASSOCIATE COMPANY
GUARANTEE
SEC-8 CO.
UNLIMITED CO.
PRIVATE COMPANY
NIDHI CO.
DORMANT CO.

9. MGT-14 TO BE FILED WITH ROC WITHIN 30 DAYS OF PASSING SR.
GENERAL MEETING
ORDINARY RESOLUTION
SPECIAL RESOLUTION
MGT-14 TO BE FILED WITH ROC WITHIN 30 DAYS OF PASSING SR.
Votes in favor more than votes against.
Votes in favor are atleast 3 times votes against.
Ex:-100 member present
50 did not vote
24 vote against
26 vote in favor .
Is OR PASSED?
YES
Ex:-100 member attended
50 did not vote
40 favour
10 against
Is SR PASSED?
YES

10. UNANIMOUS BOARD RESOLUTION
BOARD MEETING
BOARD RESOLUTION
UNANIMOUS BOARD RESOLUTION
Votes in favor more than votes against.
All directors present at board meeting should vote in favor.

11. MEMORANDUM OF ASSOCIATION
NAME
SITUATION
OBJECT
LIABILITY
CAPITAL
SUBSCRIPTION
NOMINEE
ARTICLES OFF ASSOCIATION:- CONTAINS BYE-LAWS,RULES,AND REGULATIONS THAT GOVERN THE INTERNAL MANAGEMENT OF THE COMPANY.