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Definition of Ultra Vires The term “Ultra Vires” originated from a Latin phrase meaning “beyond the power.” Actions beyond the corporate charter’s ambit or most appropriately beyond the predetermined power could be cited as ultra vires. Ultra vires acts shall …
Introduction The Doctrine of Constructive notice talks about assuming the person or entity has all the knowledge about the law which a reasonable person should have. In this doctrine, it is noted that no person cannot give the excuse of …
INTRODUCTION In the corporate world before some amendments took place, one might think that corporations reflect the light only on economic factor but it is not true the performance of corporations reflect the light not only on economic factor but …
INTRODUCTION A Company is not an ‘individual’ in the layman’s language. It is an association made by a gathering of people who meet up with the end goal of building a business. It is subsequently the representation of gathering or …
INTRODUCTION The process of a company’s dissolution is called winding up of a company. It is a process in which a company’s assets are collected and then sold in order to clear its debts. The company ceases to do its …
Companies form business organization has become very popular over the years. The Indian economy has a variety of companies existing in the market such as public company, private company, investments company, limited liability company etc. These are based upon factors …
DEFINITION A promoter is a person or group of people who comes together with an idea for setting-up a business at a particular place and incorporates a company to achieve it. By the process called incorporation, a company comes into …
Introduction When we study Company Law, one of the most important principles that come our way is the doctrine of Constructive Notice. The doctrine of Constructive Notice implies that the Article of Association is notable by an outsider who seeks …
The word ‘Company’ is derived from the Latin word ‘Com means with or together’ and ‘Panis means bread’. It originally remarked to an association of person who took their meals along. The word ‘Company’ has no strictly, technical or legal …
“The more work you put in on your outline and getting the skeleton of your story right, the easier the process is later.” – Drew Goddard A famous but not so famous quote by Andrew Brion Hogan Goddard, better known …