Company Law

As per Section 2(5) of the Companies Act, 2013- ”articles” means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act

Under Section 8(1) of Companies Act 2013, a Section 8 company is defined as an organization whose objectives are to promote arts, commerce, science, research, education, sports, charity, social welfare, religion, environmental protection, or other similar activities goals. These entities utilize their profits to achieve their mission and do not distribute dividends to their shareholders.

Ministry of Corporate Affairs vide its G.S.R. Notification No. 250(E) dated 31st March, 2014 notified for formation of One Person Company. As per section 2(62) of the Companies Act, 2013, “One Person Company” means a company which has only one person as a member.