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Showing posts with the label Features of A Company

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...