A company that makes a public offer, or an offer to more than five hundred persons, of debentures must first appoint one or more debenture trustees (section 71(5)). For secured debentures, rule 18(1)(c) says the company must appoint the trustee before the prospectus or letter of offer and execute...
Read Complete Guide →A circular is issued by an identifiable authority, addressed to a defined group, carries a clear subject line and refers to any earlier circular it continues or modifies. It is signed and dated. The single point that matters most is that the issuing authority and the group bound by it are named...
The extract is signed on behalf of the Board and points readers to the full results filed with the stock exchange and hosted on the company's website. It carries the company name, CIN, registered office, contact details, the comparative columns, and a reference to the regulation under which the...
A public notice names the issuer, gives a clear heading, states the event, invites claims or objections within a stated period, says where and how to lodge them, and is dated and signed by a designated officer. The period for claims and the place to lodge them must be stated precisely, and the...
A show cause notice gives the other side a fair chance to be heard before any adverse order. It is in writing, dated and signed, states the facts and the specific provision allegedly violated, lists the charges, says what action may follow, and fixes a reasonable time and mode for the reply. It...
The notice is given by the person who intends to sue, usually through an advocate, to the public officer or the Government concerned. It states who is giving notice, whom they intend to sue, the cause of action and the reliefs sought. Its object is to give the Government or officer a chance to...
The notice is in writing, signed by or on behalf of the landlord, and states unequivocally that the tenancy ends on a stated date and the tenant must deliver vacant possession. Under section 106, absent a contrary contract, local law or usage, a lease for agricultural or manufacturing purposes is a...
The accused undertakes to attend the officer or court on every day on which investigation or trial is held, and binds themselves to forfeit a stated sum to Government if they default. A surety undertakes to produce the accused or pay the sum named. The form actually used must be the one prescribed...
The issuing bank, at the applicant's request, undertakes to the beneficiary to pay on receipt of a demand that meets the LC's terms, up to the face value, and to reinstate the value after each payment. The beneficiary draws by a written demand with the supporting documents the LC names. An...
The deed must state a sale, the sum advanced, the date for repayment and the condition, all in one document. Under the proviso to section 58(c) of the Transfer of Property Act, 1882, the transaction is not treated as a mortgage unless the condition is embodied in the document that effects or...
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