Category: Companies Act
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Situational Problems on Separate Legal Entity of a Company.
Law and You > Corporate Laws > Companies Act, 2013 > Situational Problems on Separate Legal Entity of a Company. Q1. X, a Managing Director of an Aviation Company, in the capacity appointed himself as a pilot of the company. While piloting an aircraft of the company in the course of business he was killed.…
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Key Features of the Companies Act, 2013
Law and You > Corporate Laws > Companies Act, 2013 > Key Features of the Companies Act, 2013 List of Sub-Topics: The Companies Act, 2013 is an important legislation that governs the incorporation, management, and regulation of companies in India. Introduced to replace the Companies Act, 1956, it was enacted to meet the changing needs…
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Situational Problems on Companies Act, 2013, Set-01 Directors
Law and You > Corporate Laws > Companies Act, 2013 > Situational Problems on Companies Act, 2013, Set-01 Directors Example 1: Directors of Great Eastern Company violates the Object Clause of the Memorandum of a company. What is the act of Directors called? The act of director is called an “ultra vires act”. Anything which…
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Registration of Charge
Law and You > Corporate Laws > Companies Act, 2013 > Registration of Charges In the world of secured lending, a charge on an asset is a critical legal mechanism used by lenders to protect their interests when extending credit. It gives the lender a form of security over the borrower’s property or assets, ensuring…
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Public Companies under Companies Act, 2013
Law and You > Corporate Laws > Companies Act, 2013 > Public Companies under Companies Act, 2013 The concept of a Public Limited Company plays a crucial role in the framework of corporate law and governance in India. Under the Companies Act, 2013, a public company is defined not only by its structure but also…
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Limited Liability Partnership (LLP)
Law and You > Corporate Laws > Companies Act, 2013 > Limited Liability Partnership (LLP) Limited Liability Partnership (LLP) is a corporate business vehicle that provides the benefits of limited liability of a company to its members and also allows to manage their internal management on the basis of mutually arrived agreement as in case…
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Concept Application 2.1 MCQs on Types of Companies
Law and You > Corporate Laws > Companies Act, 2013 >Concept Application 2.1 MCQs on Types of Companies This article provides MCQs on types of companies based on Section 2 (Definitions) and some corresponding basic information related with the definitions from the Companies Act, 2013 Q1. Under which section of Companies Act 2013, the term…
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Auditor Under Companies Act, 2013
Law and You > Corporate Laws > Companies Act, 2013 > Auditor Under Companies Act, 2013 An auditor is an independent professional person qualified to perform an audit. In accounting, an auditor is someone who is responsible for evaluating the validity and reliability of a company or organization’s financial statements. The term is sometimes synonymous…
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Role of Contributory in Winding up of a Company
Law and You > Corporate Laws > Companies Act, 2013 > Role of Contributory in Winding up of a Company In this article, we shall discuss the meaning of the term “winding up of a company” and the term “Contributory” used during winding up of a company. The word ‘winding-up’ is a means by which…
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Winding Up of Company
Law and You > Corporate Laws > Companies Act, 2013 > Winding Up of Company A company may be unable to pay its debts but it can’t be adjudicated insolvent as the law of insolvency does not apply to companies. Only individuals can be declared insolvent, not a body corporate. In such a case, a…