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Showing posts with the label Company law

What Do You Mean By Judgement

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Meaning of Judgement : Judgement means the observation and decision of court of law in respect of a particular case after conclusion of a trial. Content of Judgement : Every Judgement - Shall be written in the language of the court. Shall contain the point or points for determination, the decision there on and the reason for the decision. Shall specify the offence of which and section of The Indian Penal Code, 1860 or other law under which the accused is convicted and the punishment to which he is sentenced. If the Judgement is of acquittal, it shall state the offence, of which the accused is acquitted and direct that he be set at liberty section 354(1). Object : The object should be to protect the society and to deter the criminal in achieving the avowed object of law by imposing appropriate sentence. The social impact of the crime like where its relates to offences against woman, kidnapping and other offences involving moral delinquency which have great impact on s...

Features of A Company

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The principle characteristics of an incorporated company can be summarized as follows : Registration : A company comes into existence only after registration under the Companies Act. But a Statutory corporation is formed and commence business as notified or stated in the Act and as passed in the Legislature. In case of partnership, registration is not compulsory. Voluntary Association : A company is an association of many person on a voluntary basis. Therefore a company is formed by the choice and consent of the members. Legal personality : A shareholder of a company is regarded by law as a single person. It has a legal personality. This rule applies even in the case of "One-man Company." Contractual capacity : A shareholder of a company, in its individual capacity, cannot bind the company in any way. The shareholder of a company can enter into contract with the company and can be an employee of the company. Management : A company is managed by the Board of Directo...

Company Law Multiple Choice Question and Answer (MCQ)

1) What is known as a charter of a company?      a) Memorandum of Association(MOA).      b) Bye laws.      c) Article of Association(AOA).      d) Prospectus. 2) The minimum number of persons to form a private company is?      a) 7.      b) 2.      c) 3.      d) 4. 3) The liability of a shareholder in a company limited by share is       a) Unlimited.      b) Limited by guarantee.      c) limited to the unpaid value of share subscribed by him.      d) None of the above. 4) Share capital of a company means       a) Equity share capital.      b) Preference share capital.      c) Equity and preference share capital.      d) Equity and preference share capital and debentures. 5) Which section deals with remuneration o...

Definition and Incorporation of a Company

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Definition of a Company - A company is an association of many person, who contribute money or money's worth to a common stock and employed it in some common trade or business and who share the profit or loss arising there from. The common stock contributed is denoted in  money and is the capital of the company. The person who contribute it or to whom it belongs are members. The proportion of capital, to which each member is entitled in his share. Share are always transferable. Although the right to transfer them is often more or less restricted. Incorporation of a Company - Incorporation or to incorporate a company is to get a company register by the due process of law and is considered as the Sine Quo Non. Advantages of Incorporation -  There are so many advantages of incorporation of a company this are as follows :- 1) Independent legal identity. 2) Limited Liability. 3) Perpetual Succession. 4) Transferability of shares. 5) Infinite membe...