[aaykarbhavan] Judgments and Infomration [2 Attachments]

1) Methods of issue of shares: A) Private Placement (Section 42 of the Companies Act'2013, Rule 14) B) Preferential allotment/Preferential offer C) Right Issue D) Conversion of Loan/Debentures into shares. E) Bonus issue

C I T V Birla Spinning and Weaving Mills Ltd Supreme Court

The expression 'for the purpose of the business' in s. 10(2)(xv) is wider than the expression 'for the purpose of earning profits'. The former covers, not only the running of the business or its administration but also measures for the preservation of the business and protection of its assets and property.

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Posted by: Dipak Shah <djshah1944@yahoo.com>

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