First, we would see an example. Suppose A is a beggar. He needs money because he has to recharge his girlfriend mobile number with Rs 300. Now, he has two options, first, he would beg Rs 300 from one person …
Introduction Under the federal and state laws, corporations and individuals can be held criminally liable for wrongful acts as per the US laws. The doctrine of corporate criminal liability is based on the famous common tort law maxim of respondeat …
Liquidation is the legal procedure by which the company comes to an end. The process through which a company is going to shut down due to various reasons. According to the dictionary meaning liquidation means ‘the selling of the assets …
INTRODUCTION In Simplest terms, we can say a business entity is an organization is created by one or more people that the entity is formed and administered as per corporate law i.e. The Companies Act, 2013. The entity is usually …
CORPORATION Sec 2(11) “body corporate” or “corporation” includes a company incorporated outside India, but does not include— (i) a co-operative society registered under any law relating to co-operative societies; and (ii) any other body corporate (not being a company as …
Introduction The Insolvency and Bankruptcy Code, 2016 (the Code, 2016) consolidates the law of insolvency and bankruptcy in India. Insolvency refers to a situation when an individual or an organisation is unable to pay off its liabilities and the liabilities …
Before dealing with the Doctrine of lifting the corporate veil, it will be appropriate to define the term company and the meaning of the corporate veil first. Section 3(1)(i) of the Companies Act attempts to provide the appropriate meaning of …
What is Corporate Social Responsibility Corporate Social Responsibility is a kind of self-regulation done by an organization model to help a company be socially accountable. It is a management concept adopted by organizations to integrate social and environmental concerns in …
The completing of a corporation may be a process that involves ending the company’s life and administering its property to the advantage of its creditors and members.. during this process, the company’s assets are collected and realized for debt payment. …
What is a Private Limited Company? Section 2(68) of the Companies Act, 2013 defines as: “A Company having a minimum paid-up share capital as may be prescribed, and which by its articles,- Restricts the right to transfer its share; Except …