Long-term capital gains arising on transfer of securities are not chargeable to tax in the hands of any person, if following conditions are satisfied: The asset transferred should be equity shares of a company or units of an equity orientedmutual fund or a unit of a business trust. The transaction should be liable to securities […]

(1) Where a company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on those shares shall be transferred to a ―securities premium account‖ and the provisions of this Act relating to reduction of share capital of a company shall, except as provided […]

(1) Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already issued, if the following conditions are fulfilled, namely:—(a) the issue is authorised by a special resolution passed by the company;(b) the resolution specifies the number of shares, the current market price, consideration, if any, and […]

(1) Where a share capital of the company is divided into different classes of shares, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that class or by means of a special resolution passed […]

(1) Subject to the provisions of section 43 and sub-section (2) of section 50,—(a) every member of a company limited by shares and holding equity share capital therein, shall have a right to vote on every resolution placed before the company; and(b) his voting right on a poll shall be in proportion to his share […]

(1) Except as provided in section 54, a company shall not issue shares at a discount. (2) Any share issued by a company at a discounted price shall be void. (3) Where a company contravenes the provisions of this section, the company shall be punishable with fine which shall not be less than one lakh […]