Rights and liability of members of a company.
rights of company members The rights of the Company members may be commented in the following three sections- (1) Legal rights – Such rights are covered by this class which are organised by members...
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Meaning of a holder
According to Section 8 of the Indian Negotiable Equipment Act, the term ‘conduct’ means a person who is authorised and correct for holding any post note, exchange or cheque in his name and entitled...
Meaning of ‘Dishonour’
When some negotiable equipment is presented for acceptance or payment and is neither accepted or paid, it is known as the ‘destroy’ of negotiable equipment. A bill or exchange is insulted by its non-acceptance...
Meaning of Dishonour’s information
There is the liability of many individuals behind a negotiable tool and they are variously concerned with it. If the equipment is dishonest, they’re all affected. To affect them and make them responsive, it...
Member in a company
Most students of the company law are feeling that word members and shareholders are synonyms to each other. Usually both these words are used for each other but it’s not correct from the law’s...
Statement in exchange for Prospectus
As its name is clear from the article, there’s not a prospectus, but it’s the prepared processus in exchange for prospectus. Some times the combiners of a public company pooled the company’s capital through...
Prospectus of company law.
According to Section 2(36) of the Indian Companies Act, 1956. Prospectus means documents described or issued as Prospectus and includes any notice, circular, advertising or other documents that invite deposits from the public or...
Principle of indoor management
After registration, the memorandum of the Company becomes public documents and as per rules any person can view these documents or receive their copies. As a result, every person interested to make a transaction...
Difference between memorandum of the Union and article of the Union.
Due to the external viewpoint, both types of rules look similar to each other because both the related parties’ rights relate to the company’s details of the company’s functions and design, yet there will...
Certificate of Incorporation
When all the formalities necessary for the formation of a company are complied with and the Registrar is satisfied, the company is entitled to be registered under the Act. The Registrar shall retain and...
Advantages and disadvantages of Incorporation of a Company
Advantages and disadvantages of Incorporation of a Company Industries and business increase constantly in a developing and progressing country and for this capital is required. This capital is received from government and non government...