Question

The Articles of Association of XYZ Ltd. provides that Board of Directors has authorityto issue bonds provided such issue is authorized by the shareholders by a necessaryresolution in the general meeting of the company. The company was in dire need of

funds and therefore, it issued the bonds to Mr. X without passing any such resolutionin general meeting. Can Mr. X recover the money from the company? Decide referringthe relevant provisions of the Companies Act, 2013.

Answer 1

Entrepreneurship ranges in scale from solo, part-time projects to large-scale undertakings that involve a team and which may create many jobs. Many "high value" entrepreneurial ventures seek venture capital or angel funding (seed money) in order to raise capital for building and expanding the business. Many organizations exist to support would-be entrepreneurs, including specialized government agencies, business incubators (which may be for-profit, non-profit, or operated by a college or university), science parks and non-governmental organizations, which include a range of organizations including not-for-profits, charities, foundations and business advocacy groups (e.g. Chambers of commerce).